GEI entered into a strategic business alliance with the Morimatsu Group. The companies will jointly promote the implementation of the technology in biomanufacturing projects in Japan and expand sales of bioethanol production technology using non-edible biomass in Southeast Asia and other global markets.
It was announced on the 27th that GEI and Morimatsu International Holdings had entered into a strategic business alliance. The partner company is the Morimatsu Group's core company and is listed on the Main Board of the Hong Kong Stock Exchange.
In addition to jointly promoting the market implementation of the company's technology in biomanufacturing projects in Japan, the alliance aims to strongly expand sales of the technology package for producing bioethanol from non-edible biomass in global markets, including Southeast Asia.
The two companies stated that they would move forward in earnest with the joint creation of new biomanufacturing businesses, with the aim of expanding globally. The announcement was made in the name of Saito Takumi (齋藤匠氏).
The alliance will be pursued with both projects in Japan and global markets in view.