Capital Alliance for Plant Resource Recycling Business Promotion

Chubu Electric Power Co., Inc. (Representative Director and President: Kingo Hayashi, "Chubu Electric Power") and Green Earth Co., Ltd. (President: Masashi Ishii, "Green Earth") have decided to form a capital alliance to promote resource recycling business related to plant resources.
Chubu Electric Power will acquire 35 percent of Green Earth's issued and outstanding shares, making Green Earth its affiliate company.

Chubu Electric Power has been promoting various initiatives in the resource recycling business to realize "optimal recycling of energy and resources" and "safe and secure lifestyles," including biogas power generation to effectively utilize unused local resources (waste material), construction of plastic recycling facilities, and reviewing plans to upgrade waste treatment facilities in cooperation with the public and private sectors.

Under the slogan of Evoluting Green, Green Earth is developing resource recycling businesses related to plant resources, including a plant resource material recycling business (shredding, sorting, and selling chips of pruned branches and logged trees), a landscaping, civil engineering and logging business, and a slope protection business (multi-spread method), mainly in Chiba Prefecture. In addition, Green Earth has been selected by New Energy and Industrial Technology Development Organization (NEDO) for "Energy Forest Project," a project to demonstrate the development and use of new fuel potential (fast-growing trees, etc.) since 2023, and is engaged in research and development that will contribute to a stable supply of future decarbonized energy.

The two companies will further promote efforts to realize optimal recycling of energy and resources by mutually combining the Chubu Electric Group's knowledge and extensive network in the energy field and Green Earth's abundant experience and knowledge in recycling plant resources.

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Chubu Electric Power Co., Inc.

Green Earth Co., Ltd.