Business Jun 15, 2022
The company plans to utilize the refinery as a storage and stockpiling base for oil products and in its solar power operations.
Business / Corporate Mar 24, 2022
Top Japan refiners Eneos and Idemitsu latest to shun Russian crude oil supplies
Breaking ties is particularly challenging for Japan, which imports almost all of its fossil fuels and has already been grappling with soaring commodities prices.
Business Feb 12, 2022
The recovery came after their earnings deteriorated a year before due a plunge in crude oil prices amid the pandemic.
Business / Corporate Aug 19, 2021
UAE sells another blue ammonia shipment to Japan in push toward hydrogen
Seen as crucial to the future of global energy, blue ammonia is made from hydrogen and emits only water vapor when burned.
Business / Corporate Feb 14, 2021
Idemitsu plans to sell electric vehicles this year, report says
Oil refiner Idemitsu Kosan Co. plans to market an electric vehicle this year, making it the first non-automaker in the country to step into the market, the Nikkei newspaper reported.
Business / Corporate Dec 10, 2019
Idemitsu to unify gas station branding with Showa Shell to take on JXTG
Idemitsu Kosan Co. aims to unify its gas station branding with that of Showa Shell Sekiyu K.K. after the business integration of the two major oil wholesalers in April, according to Idemitsu Kosan President Shunichi Kito. "We want to integrate the gas station brand names ...
Business / Corporate Apr 1, 2019
New Japanese oil giant created with Idemitsu-Showa Shell merger
Idemitsu Kosan Co., Japan's second-largest oil wholesaler, and fourth-ranked Showa Shell Sekiyu K.K. merged Monday, creating a new oil giant to better compete in increasingly challenging market conditions amid falling demand for gasoline. The new company, with combined sales of over ¥5 trillion, is set ...
Business / Corporate Dec 18, 2018
Idemitsu-Showa Shell merger gets shareholder approval in last hurdle for long-delayed plan
Major refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. each won approval from their shareholders Tuesday for their long-delayed merger plan, clearing the last hurdle for the April creation of a new oil industry giant. At their respective extraordinary meetings, the companies' shareholders gave ...
Business / Corporate Dec 12, 2018
Idemitsu and Showa Shell merger gets approval from antitrust regulators at home and abroad
Major oil refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. said Wednesday their planned merger has been approved by all relevant antitrust authorities at home and abroad, moving them closer to consolidation on April 1. An Idemitsu spokesman said the Japan Fair Trade Commission ...
Business / Corporate Oct 16, 2018
Idemitsu chief Shunichi Kito to head new firm after merger with rival Showa Shell
The company to be formed through a merger between major oil refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. will be led by Idemitsu President Shunichi Kito, company sources said Tuesday. Idemitsu Chairman Takashi Tsukioka and Showa Shell President Tsuyoshi Kameoka will become board ...
Business / Corporate Jul 17, 2018
by Tom Redmond and Nao Sano
Yoshiaki Murakami, who once struck fear into Japan's boardrooms and split public opinion with bitter activist battles, is now enjoying rare acclaim from executives and being praised as a peacemaker. Murakami, an outspoken champion of shareholder rights before his conviction for insider trading, has emerged ...
Business / Corporate Jul 10, 2018
Japanese refiner Idemitsu wins family backing for Showa Shell merger
The two oil refiners said Tuesday they have agreed to merge April 1, after Idemitsu’s founding family dropped its long-standing opposition to the plan.