Sojitz Enters Fast-Growing Tree Sapling Production Business with a Tree Variety that Greatly Exceeds the Growth Rate of the Average Japanese Cedar
– Taking on the Challenge of Regional Revitalization in Anticipation of a Decarbonized Society with a Business Proposal Originating from the Hassojitz Project –
Sep. 30, 2021
Sojitz Corporation (“Sojitz”) and Tokyo University’s venture company Hongo Research Institute Inc. (“Hongo Shokurin”) have concluded a joint venture agreement to establish Sojitz Morinomirai Corporation (“Sojitz Morinomirai”), which will produce fast-growing tree saplings that can reach maturity for logging five years after planting.
Sojitz Morinomirai will produce saplings of “Hakoyanagi,” Japanese aspen (Populus L.), that are currently being grown on a trial plantation in Miyazaki Prefecture. (An application for plant variety registration has already been completed for varietal name MORINOMIRAI 17GO.) This Hakoyanagi is characterized by its fast growth as a short rotation* tree species, with an estimated timber volume of approximately 200 cubic meters or greater per hectare five years after planting.
[At the Hassojitz Project final presentation]
Through the establishment of Sojitz Morinomirai, Sojitz and Hongo Shokurin will strengthen their partnership to promote the sustainable and efficient use of forest resources as part of a recycling-based resource business that supports regional revitalization and contributes to the realization of a sustainable society.
*Japanese cedar, in general, grows approximately 5m³/ha five years after planting, and it takes 25 to 30 years to achieve a timber volume of approximately 200m³/ha or greater.
Company Overview – Sojitz Morinomirai Corporation
|Representative Director||Yuji Yuasa|
|Established||Planned for October 2021|
Hongo Shokurin: 40%
|Main Business||・Production of fast-growing tree saplings
・R&D of fast-growing tree species
Company Overview – Hongo Research Institute Inc.
|Representative Director||Yasuhiro Ono|
|Main Business||・Consulting related to forest asset management
・Planning and operation of trial plantations
・Forest management and operations