Binex Inc. (Binex; Head office: Akasaka, Minato-ku, Tokyo; Representative Director: Hiromichi Aoki) announced today that its Singapore subsidiary BINEX Singapore Pte Ltd. (BSG; Head office: Singapore; Representative Director: Andrew Au) and Hop2it Holdings Pte Ltd. (Hop2it; Head office: Singapore; Representative Director: Gregory Hannan) have concluded a memorandum of understanding (MOU) to grow sorghum and/or to procure sorghum residue on 50,000 hectares of farmland in Eastern Australia and to utilize the sorghum residue to produce biofuels and absorb and reduce carbon dioxide emissions.
Hop2it, headquartered in Singapore, is involved in a wide range of carbon sequestration and reduction projects with partner farmers in Australia, Papua New Guinea, and Fiji through its Australian operating company. For more details, please visit Hop2it’s homepage here.
BSG and Hop2it intend to collaborate on the following shared objectives in Australia:
(1) Secure up to 50,000 hectares of farmland for sorghum cultivation
(2) Utilize agricultural residues from approximately 450,000 hectares of existing sorghum farmland by converting to varieties optimized for biofuel production
(3) Supply edible foodstuffs from sorghum grain in addition to producing and supplying sustainable biofuels (bio-pellets, etc.) using sorghum leaves, stems, and other residues
Hiromichi Aoki, Representative Director of BINEX, stated: ” We are delighted to have the opportunity to secure large-scale sorghum farmland and residues through the Hop2it network, which has been engaged in the carbon abatement and green sector businesses in Australia for many years. By combining BINEX’s expertise in sorghum cultivation with its technology for producing biomass fuels such as pellets and methanol, we will make another major step toward improving the global environment.”
Gregory P.E. Hannan, Chairman of the Board of Hop2it Holdings Pte Ltd, stated, “We are delighted to be working with Binex and its team of professionals. Our Hop2it management are excited at the opportunity to partner with Binex and to add value to their sorghum cultivation, pelletization, and carbon sequestration projects, and to play our part in creating a greener world.”
Through these activities, Binex is truly committed to reducing the Earth’s carbon footprint.
Binex was established to earnestly address food, environmental, and energy issues and construct a value chain for biomethanol. Binex aims to breed and cultivate sorghum varieties that sequester large quantities of carbon dioxide during growth; supply sorghum grain as a foodstuff; produce and supply biomethanol from sorghum residue such as leaves and stalks; provide fuel cells that use biomass methanol as a hydrogen carrier; utilize biofuel in semiconductor manufacturing, fuels for internal combustion engines, and petrochemical raw materials; and develop additional applications, including chemical products that replace fossil fuels with biomass-derived materials.