Mitsubishi invests in geothermal project in Hokkaido, Japan
Mitsubishi Materials Co. is developing a geothermal project in Hakodate City in Japan as part of Kodate Kaizen Geothermal.
Mitsubishi Materials Co. Ltd. (MMC) has announced a partnership with Renova Co. Ltd. and Daiwa Energy and Infrastructure Co. Ltd. to develop a new geothermal power plant in the Eyama Area of Hakodate City in Hokkaido, Japan. This development will be under the company Kodate Kaizen Geothermal (Kaizen Geothermal).
Funding for the project is being subsidized by the Japan Oil, Gas and Metals National Corporation (JOGMEC). A resource survey is already underway, and large-diameter well drilling is planned within the year.
MMC enters this project will well-established experience and technological capabilities cultivated through many years of developing and managing coal mining, hydropower, and geothermal projects. MMC has an extensive history of development of geothermal power plants since 1974:
- Onume Geothermal Power Plant in Akita Prefecture, 1974
- Sumikawa Geothermal Power Plant in Akita Prefecture, 1995
- Wasabizawa Geothermal Power Plant in Akita Prefecture, 2019
- Appi Geothermal Power Plant in Iwate Prefecture, expected in 2024
The group aims to contribute to a carbon-free society according to their corporate philosophy of “for people, society, and the Earth.”