Marubeni Corporation (hereinafter, ”Marubeni”) and Chubu Electric Power Co., Inc (hereinafter “Chubu Electric”) established a special purpose company, “Gifu Seino Green Power LLC (hereinafter, “GSGP”) to develop a wood-based biomass power plant, “Godo Biomass Power Plant” in Godo Town, Anpachi ,Gifu Prefecture. In addition, today, GSGP signed a Pollution Control Agreement with Godo Town, and a Loan Agreement with Ogaki Kyoritsu Bank, Ltd. and Juroku Bank Ltd.

This project is to construct and operate a wood-based dedicated biomass power plant with a power generation output of 7,500 kW that mainly uses unused thinned wood produced in Gifu Prefecture.

In the future, based on the Pollution Control Agreement, we will work closely with Godo Town on pollution prevention and environmental conservation efforts, and aim for the start of power plant operations in March 2023 with the understanding and cooperation of the local people and other related parties.

<Outline of Godo Biomass Power Plant>
Place	2245-10, Godo Town, Anpachigun, Gifu Prefecture etc. Teijin Co., Ltd., on the premises of the Ibigawa Plant
Power Generation Output	7,500kW
Estimated annual power generation	Approximately 53 million kWh (equivalent to approximately 17,000 ordinary households)
Fuel Type	Wood Chips
Construction Start Date	October, 2021
Commercial Operation Date	March, 2023
<Outline of Gifu Seino Green Power LLC>
Established	September, 2020
Head Office	2-7-1, Nihonbashi, Chuoku, Tokyo
Representative	Officer Performing Duties Seishi Narita(Marubeni Clean Power Corporation)
Business	Construction of wood-based biomass power plant, supply and sale of electricity etc.
Investment	Marubeni Clean Power Corporation※(50%), Chubu Electric(50%)

※Marubeni has invested in GSGP through its wholly owned subsidiary Marubeni Clean Power Corporation