ORIX Announces Energy Solution Business in Southeast Asia; Assignment of Research Duties of NEDO's Kyoto Protocol 'Clean Development Mechanism'.Tokyo, Japan, Dec 11, 2006 - (JCN Newswire) - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced the assignment of research duties of the Clean Development Mechanism (CDM CDM - C-Discharge Model CDM - Cable Data Modem (Cisco) CDM - cable driver modem (US DoD) CDM - Cadburys Dairy Milk (UK) CDM - Caldwell Displacement Monitor CDM - Calibration Data Manager CDM - Camp Dresser & McKee CDM - Canadian Democratic Movement CDM - Career Development eManual CDM - Cartuchos Deportavos de Mexico (ammunition cartridge headstamp) CDM - Catanio Digital Media CDM - CATIA Data Management) for gas cogeneration ESCO ESCO - Electric Steel Company, Inc. ESCO - Energy Service Company ESCO - Esfahan Steel Company (Iran) ESCO - Estonian Shipping Company projects of factories in Malaysia, as part of the CDM/JI CDM/JI - Clean Development Mechanism/Joint Implementation Feasibility Studies conducted by the New Energy and Industrial Technology Development Organization (NEDO NEDO - National Eating Disorders Organization NEDO - National Economic Development Office NEDO - New Energy and Industrial Technology Development Organisation (Japan)). This is ORIX's first undertaking of environment-related operations overseas. Through its specialized section, Energy and Eco Services Department, ORIX has carried out the development and provision of various services that contribute to the reduction of environmental burden and energy costs. Utilizing this expertise, ORIX will offer services including energy evaluation, facility evaluation and project implementation planning for factory facilities of Japanese companies in Malaysia. ORIX also plans to provide a stable supply of heat and electricity through the induction of cogeneration facilities using natural gas as an energy source. As part of its services, our ESCO operations offers to improve energy efficiency, provide efficiency renewal and fuel conversion to natural gas with lower environmental burden, and aims to reduce greenhouse gas emissions. Going forward, ORIX looks to contribute, through CDM, to achieve greenhouse gas emissions reduction targets in Japan, in addition to acquiring Emission Reduction Credits such as CO2. As a new effort against global warming, ORIX looks to expand its operations to various countries in Southeast Asia, including Thailand, by maximizing the know-how accumulated through its track record of implementing cogeneration facilities and energy efficient facilities in Japan, and utilizing its overseas network of 22 countries and regions and 240 locations. Using the research duties of the CDM as a springboard, ORIX will also consider participating in various projects, providing financial services to project leaders of the CDM, and strive to actively assist and promote activities regarding global environment protection, both in and out of Japan. For more information, please visit the Orix website, http://www.orix.co.jp/grp/index_e.htm . About ORIX Corporation ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 24 countries and regions worldwide, ORIX's activities include leasing, corporate and consumer finance, real estate-related finance and development, life insurance, and investment banking. For more details, please visit our web site at: www.orix.co.jp/grp/index_e.htm Source: ORIX Corporation Contact: ORIX Corporation Corporate Communications Raymond Spencer or Yui Takamatsu Tel: +81-3-5419-5042 Fax: +81-3-5419-5901 E-mail: orixir@orix.co.jp URL: www.orix.co.jp/index_e.htm Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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