Rengo and Sumitomo Forestry Establish Joint Venture, Launch Bioethanol Business ~Sustainable Aviation Fuel (SAF) from Construction Waste~

AI Summary (NQ-processed)

Sumitomo Forestry Co., Ltd. and Rengo Co., Ltd. have established a joint venture, RS Wood Refinery Co., Ltd., to produce bioethanol from construction waste. This bioethanol will serve as a raw material for Sustainable Aviation Fuel (SAF), aiming for 20,000 kL of annual commercial production by 2028. The initiative addresses the global shortage of SAF and promotes decarbonization in the aviation sector by utilizing wood resources that do not compete with food supplies.