Investment in Fulcrum BioEnergy, Inc., USA
Sep. 20. 2018
Marubeni Corporation
Marubeni Corporation (hereinafter, “Marubeni”) hereby announces that, on September 19th, 2018, Marubeni invested in Fulcrum BioEnergy, Inc. (hereinafter, “Fulcrum”), a United States based company that, in conjunction with Japan Airlines Co., Ltd (hereinafter, “JAL”) and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (hereinafter, “JOIN”), develops and produces low-carbon jet fuel derived from the country’s most abundant resource – municipal solid waste (this process is also knows as, “Waste to Fuel”).
Fulcrum has developed and owns a proprietary process that produces low-carbon jet fuel, using municipal solid waste as a feedstock and is developing and constructing several Waste to Fuel projects in United States. Fulcrum is currently constructing its first commercial plant outside of Reno, Nevada, which is on schedule to begin operation in 2020.