Japan’s Toshiba Corporation has announced the establishment of a new company that will carry out a green development project designed to reduce greenhouse gas emissions in Vietnam.

Toshiba Clean Development Service Company, Vietnam, a joint venture between Toshiba and Vietnam’s Nguyen Vu Company, will use the Japanese enterprise’s high concentration organic wastewater treatment technology to recover biogas. It will then make the recovered gas available to factories to use as fuel.

In the 2009 fiscal year, the company will construct a plant capable of recovering greenhouse gas emissions of approximately 70,000 tonnes of CO2 per year. It will become operational in January 2010.

Toshiba’s plans for the future include expanding the business to other companies that discharge high concentrations of organic matter, including breweries and food processors. Its objective in Vietnam is to recover 500,000 tonnes of CO2 emissions per year./.