Mitsubishi, Weyerhaeuser exploring biomass venture

Reuters
Mon Feb 1, 2010 9:29pm EST

* Other facilities may follow if feasible
* Pellets would be sold to utilities, industrial users

NEW YORK, Feb 1 (Reuters) - Mitsubishi Corp (8058.T) and Weyerhaeuser Co (WY.N) said on Monday that they had agreed to look into collaborating in the biomass-to-energy industry and potentially building bio-pellet production facilities in the United States.

According to a joint statement the companies are looking into the feasibility of making joint investments in a commercial-scale bio-pellet facility that they would operate in the United States by 2011.

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