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Japan s Idemitsu to slash refinery capacity due to shrinking oil demand

Japan s Idemitsu to slash refinery capacity due to shrinking oil demand
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Idemitsu to cut thermal coal output with no plan to invest in new mines

By Reuters Staff 1 Min Read TOKYO, May 11 (Reuters) - Japanese oil refiner Idemitsu Kosan Co plans to reduce its thermal coal output to reflect a global decarbonisation push, with no plans to invest in new mines, its executive vice president, Susumu Nibuya, said on Tuesday. Idemitsu will continue the development of natural gas assets in Vietnam and other Asian countries to meet growing demand for the fuel, President Shunichi Kito told a news conference on its earnings and revised mid-term business plan. (Reporting by Yuka Obayashi, editing by Louise Heavens)

Republic ofSusumu nibuyaShunichi kitoYuka obayashiThomson reuters trust principlesIdemitsu kosan coPresident shunichi kitoLouise heavensThomson reuters trustகுடியரசு ஆஃப்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்லூயிஸ் வானம்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை

Idemitsu to cut thermal coal output with no plan to invest in new mines | Hellenic Shipping News Worldwide

Idemitsu to cut thermal coal output with no plan to invest in new mines Japanese oil refiner Idemitsu Kosan Co 5019.T plans to reduce its thermal coal output to reflect a global decarbonisation push, with no plans to invest in new mines, its executive vice president, Susumu Nibuya, said on Tuesday. Idemitsu will continue the development of natural gas assets in Vietnam and other Asian countries to meet growing demand for the fuel, President Shunichi Kito told a news conference on its earnings and revised mid-term business plan. Source: Reuters (Reporting by Yuka Obayashi, editing by Louise Heavens) 2021-05-11

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