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Japan Partners in Major US ‘Energy Center’ Project

Japan Partners in Major US ‘Energy Center’ Project

Silver Spring, MD – Energy provider Competitive Power Ventures of Maryland (CPV) is partnering with Japan’s Marubeni and Toyota Tsusho on a new $775 million “energy center” in Waldorf, Maryland, about 25 miles southeast of Washington, D.C.

A combined-cycle natural gas-fired electric power generating facility, the plant will generate 725-megawatt (MW) of electricity and sell its capacity, energy and ancillary services to power as many as 700,000 homes.

The project is Marubeni’s first in the region overseen by PJM Interconnection, the regional transmission organization that coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia – an area that includes more than 51 million people.

The new project “is a valuable addition to our portfolio. We remain committed to further expanding our footprint and capabilities in the North American electric power sector,” said Toshi Fukumura, President and CEO of New York-based Marubeni Power International Inc.

No stranger to the North American energy sector, in 2010, Toyota Tsusho acquired a 45 percent interest in the Oyster Creek natural gas fired cogeneration plant in Freeport, Texas. Since then, has increased its stakeholdings in two major natural gas-generated power plants in Canada.

Earlier this year, CPV received the ‘green light’ from the Maryland Public Service Commission to go-ahead with the construction of a long-planned, 661-megawatt natural gas plant, also to be sited in Waldorf.

The $500 million facility is expected to be online by June 2015. Once that plant is online, more than 9 percent of the state’s energy generation will come from natural gas facilities, according to the governor’s statement.


ADM, Marubeni Meld Pacific Northwest Grain Operations

Chicago, IL – Archer Daniels Midland Company and Marubeni Corporation have expanded and will rename their Kalama Export Company LLC joint venture at the Port of Portland, Oregon.

The move comes as the Japanese company has decided to combine its grain export elevator operations at the port’s Terminal 5 with those at the Columbia Export Terminal, a subsidiary of KEC, at the Port of Kalama.

As s result, the Kalama Export Company LLC joint venture will be renamed Pacificor, LLC.

KEC, which was formed in 1998 by Marubeni’s subsidiary, Gavilon Holdings, ADM and Agrex Inc. and exports grains and oilseeds via its grain elevator operation located in The Port of Kalama, Washington.

The Kalama and Portland grain elevator facilities “will continue to operate separately and maintain separate control of labor relations, but their common ownership is expected to improve efficiency and achieve more effective operation of the businesses,” according to a statement released by Archer Daniels Midland.

Established in 1949, Marubeni’s activities include importing and exporting, as well as transactions in the Japanese market, related to food, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, and include offshore trading, power projects and infrastructure, plants and industrial machinery, real estate development and construction, and finance, logistics and information industry.

Archer Daniels Midland is involved globally in the conversion of oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses.

With more than 270 processing plants, 470 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 140 countries.