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
Sep. 30, 2021
Sojitz Corporation
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.
[Related Information]
Company Overview – Sojitz Morinomirai Corporation
Representative Director | Yuji Yuasa |
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Established | Planned for October 2021 |
Shareholders | Sojitz: 60% 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 |
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Main Business | ・Consulting related to forest asset management ・Planning and operation of trial plantations ・Forest management and operations |
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