TOKYO -- Japanese engineering company IHI will pull out of biomass power plant operations in the U.S., Nikkei has learned. As the administration of President Donald Trump pushes back against decarbonization efforts, IHI decided to end the U.S. biomass energy projects and transfer financial resources to more profitable businesses, such as aircraft engines.
Companies
Japan's IHI to withdraw from biomass power generation in US
Shift in decarbonization strategy under Trump administration led to decision
Japan's IHI has decided to pull out of five power plants in California. (Photo by Yutaka Miyaguchi)
Read Next
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Companies
