Energy and Natural Resource Financing for Woodchip Manufacturing and Sales Project
Supporting Stable Long-Term Supply of Woodchip by a Japanese Company

  • Area: Africa
  • Energy and Natural Resources

JBIC signed a loan agreement with Sojitz Maputo Cellulose, Limitada (SOMACEL), a wholly-owned subsidiary of Sojitz Corporation Group in Mozambique, for financing a woodchip manufacturing and sales project to be undertaken by SOMACEL in Maputo Province, Mozambique. Japan acquires woodchips from overseas as a raw material for producing paper, and their imports meet more than half of its domestic demand for woodchips. Meanwhile, world supply for woodchips is expected to get increasingly tight over the medium and long term. As this project provides a new supply source of woodchips to Japan, it has a significant implication for sourcing a stable supply of woodchips.

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