Market Chatter: Samsung C&T and Erex Partner on 110-MW Biomass Plant for Data Center Demand
Samsung C&T (KRX:028260) and Erex (TYO:9517) agreed to build a biomass facility in Niigata, targeting a fiscal 2029 startup with possible expansion from 2030, supported by a government revenue-guarantee program, Nikkei Asia reported on Friday.The venture will establish a special-purpose company and utilize both partners' Southeast Asian networks to secure palm kernel shells and wood pellets as carbon-neutral fuel sources, the news daily reported.This project aims to stabilize renewable grids amid rising data center electricity needs while contributing to Japan's clean energy targets, the publication said.Samsung C&T and Erex did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
