A&O Shearman represents ECP fore star and CIP GCF in debt financing for an advanced biocarbon production facility

The facility, which is expected to complete construction in 2025, will support the first large-scale continuous use of advanced biocarbon to replace coal in power generation in the world, reducing greenhouse gas emissions by over 500,000 metric tons per year—equivalent to removing over 120,000 cars from the road annually.

Project sponsor Aymium, a principal producer of renewable biocarbon products, is investing in the project alongside equity investors Hokuriku Electric Power Company and Nippon Steel Trading, as well as subordinated debt lender Japan Green Investment Corp. for Carbon Neutrality.

“A&O Shearman is proud to work with both ECPForestar and CIP to fund a visionary, innovative, and first-of-its-kind facility,” said Energy, Natural Resources and Infrastructure partner Jillian Ashley. “Investment in this project is a bold stride towards a greener tomorrow, fueled by the collective commitment to a cleaner planet and the shared resolve to transition to a more sustainable economy.”

Jillian was supported on the transaction by Capital Markets partner David Flechner, Debt Finance partner Todd Koretzky, Energy, Natural Resources and Infrastructure partner Michael Sykes, Restructuring & Bankruptcy partner Robin Spigel, M&A partner Keren Livneh, Real Estate partner Adam Sofen, Energy, Natural Resources and Infrastructure counsel Peter Tolson,Tax counselJohn Hibbard and M&A counsel Natalie Montano Young and Energy, Natural Resources and Infrastructure associates Jenny Lee, Zeina Traboulsiand Simran Kaur,Capital Markets associateCristina Palma, M&A associate Kyle Coogan andRestructuring & Bankruptcy associate Jacob Herz.