Oil giant Idemitsu Kosan Co. will close one of its group company’s refineries and slash gasoline production by about 10 percent in anticipation of declining demand for fossil fuels.
Japan’s Idemitsu Kosan Co is to shut an oil refinery that has been running for 53 years in the country’s west, as domestic demand for fuel continues to decline and a global push to decarbonize intensifies.
The company is to halt processing at its Yamaguchi plant by the end of March 2024, it said in a statement on Tuesday.
Idemitsu would consider new uses for the site, while continuing to store oil and generate solar power there.
“There will be surplus refining capacity by 2030 that can be cut down,” Idemitsu executive vice president Susumu Nibuya told a news conference on Tuesday. “We
Kawasaki Heavy to build hydrogen power plant in Japan
Jun 3, 2021 2:11:am
Summary The 34 MW plant, which the company is building for local refiner Seibu Oil, will start operations in August.
by: Shardul Sharma
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Kawasaki Heavy to build hydrogen power plant in Japan
Japan s Kawasaki Heavy Industries (KHI) is developing a hydrogen power generation plant for local refiner Seibu Oil Co. which will start operations in August this year, it said in its Group Vision 2030 report published on June 1.
The 34 MW plant will be co-fired by hydrogen and regasified LNG. KHI did not specify the location of the plant. Seibu operates a refinery in Yamaguchi prefecture in Japan s Chugoku region, on the southwest side of Honshu Island.