New Japanese oil giant created with Idemitsu-Showa Shell merger

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 Sep 20, 2013

10 firms plan to cooperate on geothermal plant project

Ten companies including Idemitsu Kosan Co. and Japan Petroleum Exploration Co. will kick off a study this month on building one of Japan's largest geothermal power plants, government officials said Friday. The plant, to be built in a national park in Fukushima Prefecture, would have ...