DOCSLIB.ORG

Energizing the Future

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Energizing the Future Corporate Report 2016 [Year ended December 31, 2015] ENERGIZING THE FUTURE Showa Shell Sekiyu K.K. Business Model Business Model Procurement Refi ning Oil Business Gasoline, kerosene, In the oil business, we refi ne imported diesel oil, heavy fuel oil, petrochemicals,emicals, crude oil at our Group refi neries and sell and LPG oil products. Our highly competitive Group refi neries, local contract dealers, and business partners including transportation companies are all playing critical roles to Synergies provide the oil products that customers between assets Management need in a safe and stable manner. Strategies Byproduct fuel Former business facility sites Corporate Procurement Governance Energy Solutions Business Solar Business In the solar business, we produce and sell our proprietary CIS thin-fi lm solar modules. At the same time, we also construct and sell The wholly owned subsidiary Solar Frontier K.K. operates solar power plants that use these modules. the solar business. In the electric power business, we leverage synergies with our other businesses Electric Power Business to construct and operate power stations as well as sell electricity. Allocation of Resources Management Resources and Stakeholders Technologies and expertise Networks of the Shell Manufacturing facilities Business partners Group and Saudi Aramco CONTENTS 2 Our History 20 Business Activities 4 Group CEO Interview 20 Special Feature: 12 Corporate Governance TO THE NEXT GROWTH STAGE 22 Oil Business 28 Energy Solutions Business Customers Export Storagee Sales Oil product Manufacturing transportation Lubricants and Sales synergies asphalt Manufacturing Leveraging our service stations Solar module sales and LPG business network Development, maintenance, operation, and sale of solar power plants SynergiesS between technologies Manufactured solar modules Power plant operationoperation Electricity sales Returns from Business Activities Human resources Financial base Communities and society Shareholders Global environment 36 Management Resources The Showa Shell Group aims to increase corporate value by providing society with the energy Editorial that it needs. Based on this recognition and to provide a more comprehensive view of the 36 Safe Operation and Policy Group’s management and business activities, Corporate Report 2016 includes a full range of Stable Supply information regarding management policies and strategies, business conditions and risks, and 38 Environmental Preservation and the Group’s management resources and stakeholders. The Company referenced guidelines in R&D Ventures compiling this report, such as the International Integrated Reporting Framework Ver. 1.0 released 43 Strengthening of Human Resources by the International Integrated Reporting Council. 46 Community and Social Contribution CSR Book 2016 (available as PDF only) CSR Book 2016 contains detailed non-fi nancial data and information Activities on the corporate social responsibility (CSR) activities conducted to the 47 Financial Section and Corporate Data benefi t of Showa Shell’s various stakeholders, some of which are not included in Corporate Report 2016. http://www.showa-shell.co.jp/english/csr/index.html Showa Shell Sekiyu K.K. Corporate Report 2016 1 Our History Foundation 1985–2004 1900: Rising Sun Petroleum Co. Ltd. established by Samuel 1985: Shell Sekiyu and Showa Oil merged to become Company Showa Shell Sekiyu K.K. 1942: Showa Oil Co., Ltd. established through the merger of 1993: Commenced research on CIS thin-fi lm solar modules Hayama Petroleum, Niitsu Petroleum, and Asahi Petroleum 1948: Rising Sun Petroleum was renamed Shell Sekiyu K.K. 1951: Shell Group and Showa Oil entered into capital alliance 1961: Shell Sekiyu commenced asphalt sales Launch of the groundbreaking high- Launch of the new X Card, with a 1967: Entered into capital alliance with Seibu Oil Co., Ltd. octane gasoline Formula Shell Super X points back system, an industry fi rst 1973: Commenced an advanced POS management system (1987) (1995) 1978: Began research on solar cell in support of a stable 1996– energy supply for Japan Jump 21 Reconstruction Period To stay ahead of the intensifying competition, Showa Shell concentrated its management resources in oil refi ning and sales through streamlining measures, in Sale of lamp oil, wax candles, addition to reconstructing its business portfolio. and benzene (1900) 1996: Launched Yokkaichi Refi nery’s heavy oil cracking center, which is equipped with high-performance facilities, shifting to a refi ning structure that can produce even more high-value-added products 1999: Closed Niigata Refi nery 2000: Integrated Group refi neries in the Kawasaki area Sale of Red Shell Symbol and Black Shell Symbol brand gasoline for automobiles Launch of new high-octane (1917) gasoline Shell Pura (2002) Industry and Social Environment 1980s 1986: Act on Designated 1910s 1950s–1960s Petroleum Products,* which Motorization driven by • Postwar recovery, rapid economic growth encouraged the import of imported automobiles • 1962: Deregulation of crude oil imports gasoline, kerosene, and • 1964: Opening of the Tokaido Shinkansen (bullet train) in diesel oil under certain conjunction with the Tokyo Olympics conditions. The act • 1969: Full opening of the Tokyo–Nagoya Expressway effectively limited importers • Rapid increase in vehicle ownership in Japan to oil companies. * Act on Designated Petroleum Products is short for the Act on 1940s 1970s Interim Measures concerning the Wartime era. End of • First and second oil shocks Importation of Designated Petroleum Products. The act World War II in 1945 • Establishment of the Agency for Natural regulated the import of oil following the conclusion Resources and Energy and implementation of products. The act prescribed of the Pacifi c War the Petroleum Stockpiling Law as part of efforts regulations for reserves, quality to reinforce Japan’s energy security adjustments, and alternative supplies, and effectively limited • Full-fl edged arrival of an automobile society importers to oil companies. This act was abolished on March 31, 1996, as part of efforts to promote deregulation and Trends in Domestic globalization in Japan. Demand for Fuel Oil 1965 1970 1980 2 Showa Shell Sekiyu K.K. Corporate Report 2016 2005–2012 2013– 2005– 2013– New Foundation Period Medium-Term Business Action Plan (through to 2017) In addition to further structural cost reductions, Showa Shell Aiming to become an integrated energy company that is promoted the growth of its core businesses and established overwhelmingly competitive, Showa Shell has launched a foundation for new businesses. strategies to maximize value in each business. 2005: • Decided on the commercialization of the solar business 2013: Began partnership with TonenGeneral Sekiyu K.K. for • Entered into a purchasing agreement for oil products the supply of oil products with Fuji Oil Co., Ltd. 2015: • Established Gyxis Corporation, integrating the LPG 2008: Established Enessance Holdings Co., Ltd., by merging businesses of Cosmo Oil Co., Ltd., Sumitomo the LPG business with that of Sumitomo Corporation Corporation, and TonenGeneral Sekiyu • Completed Tohoku Plant, a CIS thin-fi lm solar module 2010– manufacturing plant Medium-Term Business Vision, Conquer the Change, • Reached an agreement on business partnership with Cosmo Oil at refi neries in the Yokkaichi region, Mie Pioneer the Future Prefecture To conquer the change in the business environment, Showa • Entered into a memorandum of understanding with Shell enhanced the competitiveness of its oil business and Idemitsu Kosan Co., Ltd., regarding business developed new energy businesses. integration • Commenced commercial operations at Keihin 2010: Commenced commercial operations at the fi rst and Biomass Power Plant second units of Ohgishima Power Station 2016: • Commenced commercial operations at the third unit 2011: • Closed Ohgimachi Factory, which was part of Keihin of Ohgishima Power Station Refi nery of Toa Oil Co., Ltd. • Commenced retail sales of low-voltage electricity • Commenced operations at Kunitomi Plant, a CIS thin-fi lm solar module manufacturing plant Introduction of the new payment service Shell EasyPay at service stations (2012) Launch of new high-octane Introduction of the Shell-Ponta credit Introduction of the joint point gasoline Shell V-Power card (2015) (Million KL) program Ponta (2010) (2014) 250 2000s 2010 2012 200 • Peak of demand for Enactment of the fi rst round of Commencement of domestic oil products the Sophisticated Methods of feed-in tariff scheme • Partial deregulation of the Energy Supply Structures Law, for renewable energy retail electricity market which required oil companies in Japan to upgrade refi ning facilities 150 1990s 2014 2016 100 • 1996: Abolishment of the Act on Designated Enactment of the second Complete Petroleum Products, which signifi cantly eased round of the Sophisticated deregulation conditions for the import of oil products Methods of Energy Supply of the retail • Increase in domestic gasoline demand Structures Law, which electricity 1998: Lifting of the ban on self-service gas stations required further upgrading market • Advancement of full-scale initiatives to mitigate global of refi ning facilities 50 warming, establishment of targets to reduce greenhouse gases under the Kyoto Treaty 0 1990 2000 2010 Source: Resources and Energy Statistics, Ministry of Economy, Trade and Industry Showa Shell Sekiyu K.K. Corporate Report 2016 3 Group CEO Interview Entering the fi nal stage of our transformational journey to be
Load more

Recommended publications
  • Article the 90-Year Evolution of Japan's Academic Interest in Iran
    Article 29 The 90-year Evolution of Japan’s Academic Interest in Iran Keiko Sakurai Professor, Faculty of International Research and Education, Waseda University Director, Organization for Islamic Area Studies, Waseda University I. Introduction War II broke out. Despite Iran’s declared neutrality, Britain and the Soviet Union jointly invaded Iran in 1929 1941 marked the beginning of official diplomatic , believing Rez‥ā Shāh to have closer ties to the relations between Japan and Iran. The countries signed Axis powers, particularly Germany. Iran remained a “Japan-Persia Temporary Trade Agreement” that under Anglo-Soviet control until 1946. year, and Japan opened a diplomatic office in Tehran Under the Anglo-Soviet Occupation, Iran broke that August. A Persian diplomatic office was later off relations with Japan in April 1942, and in 1945 opened in Tokyo in July 1930. Diplomatic contacts declared war against the Axis powers, including Japan. between two countries, however, actually started as After the San Francisco Peace Treaty came into effect early as 1878, when Japan’s special envoy to Russia in 1952, diplomatic ties between the countries were Takeaki Enomoto met with Persian monarch Nās4 er al- reestablished in November 1953 and have continued 2 Dīn Shāh in Saint Petersburg. Two years later, Japan uninterrupted since then. sent its first official delegation to Tehran, headed by Iran’s oil boom in 1973 accelerated economic 1 Masaharu Yoshida. Yoshida was granted an audience interactions with Japan. Nonetheless, personal contact with Nās4 er al-Dīn Shāh in 1880, and brought an between Japanese and Iranian citizens was mostly official communiqué back to Japan from the Persian limited to diplomacy and business interactions, with Empire.
    [Show full text]
  • Idemitsu Sustainability Report 2019 Independent Practitioner’S Sustainability Environment Social Governance ESG Data Comparative Table Assurance Report 3
    Independent Practitioner’s Sustainability Environment Social Governance ESG Data Comparative Table Assurance Report 2 Management Vision CONTENTS We are an energy co-creation company that values diversity and inclusion, 2 Management Vision, Action Mindset, Contents GOVERNANCE creates new values with customers and stakeholders, and seeks harmony 3 Editorial Policy 49 Message from Outside Directors 4 Message from President 50 Directors, Audit & Supervisory Board Members with the environment and society. 7 Medium-term Management Plan and Executive Officers 10 Review of Operations 52 Corporate Governance 11 Idemitsu Group’s Sustainability 56 Compliance ■ We will deliver various forms of energy and materials in a sustainable manner. 57 Risk Management ENVIRONMENT 59 Intellectual Property ■ We will expand and share our problem-solving capabilities with the world. 15 Environmental Management / Environmental Policy 17 Overview of Environmental Impacts Through Our ESG Data ■ We will grow stronger by anticipating change and responding flexibly. Business Activities 61 Environment 18 Response to Climate Change 70 Social 23 Response to Circular Economy 75 Governance 24 Waste Reduction 76 Environmental Data of Refineries and Complexes Action Mindset 25 Water Management Independence and autonomy 26 Conservation of Biodiversity Comparative Table 27 Land Use Change 78 Comparative Table with GRI Standards We think and act initiatively 28 Management of Chemical Substances and 88 Comparative Table with ISO 26000 Reduction of Hazardous Substances Co-creation
    [Show full text]
  • Notice Regarding Execution of Share Exchange Agreement for Idemitsu Kosan Co., Ltd
    May 11, 2021 Press Release Company Name: Idemitsu Kosan Co.,Ltd. Representative Director & Chief Executive Officer: Shunichi Kito (Company Code: 5019, TSE, First Sect.) Contact person: Munehiro Sekine, General Manager, Investor Relations Office, Treasury Department (TEL: +81-3-3213-9307) Company Name: SDS Biotech K.K. President and Representative Director： Mitsuhiro Sagae (Company Code: 4952, TSE, Second Sect.) Contact person: Toshio Otsuka, Corporate Officer, General Manager, Corporate Service Division (TEL: +81-3-5825-5511) Notice Regarding Execution of Share Exchange Agreement for Idemitsu Kosan Co., Ltd. to Make SDS Biotech K.K. its Wholly-Owned Subsidiary (Simplified Share Exchange) Idemitsu Kosan Co., Ltd. (“Idemitsu Kosan”) and SDS Biotech K.K., a consolidated subsidiary of Idemitsu Kosan (“SDS Biotech”; together with Idemitsu Kosan, the “Companies”), hereby announce that the Companies adopted a resolution at their respective board of directors meetings held today to execute a share exchange for cash consideration through which Idemitsu Kosan will become the wholly-owning parent company in the share exchange and SDS Biotech will become a wholly-owned subsidiary in the share exchange (the “Share Exchange”) and that the Companies entered into a share exchange agreement (the “Share Exchange Agreement”) today, as stated below. The Share Exchange is planned to take effect on August 2, 2021; pursuant to the procedures for a simplified share exchange set forth in the main text of Article 796, paragraph (2) of the Companies Act (Act No. 86 of 2005, as amended; the same applies hereinafter), Idemitsu Kosan will not obtain approval via a resolution of its shareholders meeting, whereas SDS Biotech will obtain the approval of its annual shareholders meeting to be held on June 23, 2021.
    [Show full text]
  • Final Attendee List
    2008 International Lubricants Waxes Attendee List Prefix First Name Last Name Company City State Province Country Mr. Michael Ackerson Process Dynamics, Inc. Fayetteville AR Gabriel Aguirre Hong Chang International Monterrey Mexico Roy Allen Baker Petrolite Sugar Land TX Mr. Giuseppe Ambroggio SER SPA Turin Santena Italy Mr. Bill Anderson Calumet Specialty Products Indianapolis IN Mr. Rajesh Anjaria Raj Petro Specialities P. Ltd. Mumbai India Ing. Carlos Ares YPF S.A. Buenos Aires AR Buenos Aires Argentina Mr. George Arndt ExxonMobil Lubricants and Specialties Fairfax VA Vijay Arora Infineum USA L.P. Linden NJ Mr. Joseph Avolio Shell Canada Ltd. Toronto Ontario Canada Mr. Edward Bailey Nuova Univers SRL Seveso Milan Italy Mr. Justus Ball ConocoPhillips Houston TX Mr. John Banach Calumet Lubricants Chicago IL Ms. Soma Banerjee Sobit International Inc. Carrollton TX Mr Claude Bareel Asteria Brussels Belgium Lindsey Barnes CITGO Petroleum Corporation Houston TX Mr. Williams Barnes PM Group Intl., Inc. Ft. Myers FL Rocco Battagliag Norjohnj Ltd Burlinggton Ontario Canada Mr. Douglas Bea Chevron Global Lubricants San Ramon CA Mr. Chester Beeput National Petroleum Port of Spain Trinidad and Tobago Mr. Jim Borthwick Ergon, Inc Jackson MS Mr Michel Bouillerce-Mirassou TOTAL Lubricants Paris France David Boyes Lubrizol Ltd Derbyshire United Kingdom Arjan Brouwer Kuwait Petroleum International Lubricants Rotterdam Netherlands Dr. Mike Brown SK E&P Company Flemington NJ Mr. Tim Brown American Refining Group Bradford PA James Brunk Solomon Associates Dallas TX Mr. David Bucci Exxon Mobil Corporation Houston TX Mr. Larry Buck Calumet Specialty Products Indianapolis IN Miranda Buckley Shell Lubricants Houston TX Mr. Max Budwick Globalwax LLC Hazlet NJ Mr.
    [Show full text]
  • The Cosmo Energy Group Is Making a New and Vigorous Step Forward
    COSMO REPORT 2019 About the Cosmo Energy Group Long-Term Vision The Cosmo Energy Group is making a new and vigorous step forward. Enhancing the earnings strength of the petroleum related businesses and growing the renewable energy business into a new main business segment. What have not changed What to be changed Stable supply of energy Growing the renewable “Customer First” mindset energy business into a new Energy-related business domains main business segment Composition of ordinary income (excluding the impact of inventory valuation) Renewable energy Petroleum Others Petroleum Renewable energy and others Petroleum and others (Mainly wind power generation) (Mainly wind power generation) Petrochemical Petrochemical Future FY2018 FY2022 business Consolidated Medium- portfolio Term Management Oil E&P* Plan Image Oil E&P* Oil E&P* Petrochemical * Oil exploration & production 1997 Petroleum 1989 Launched IPP (Independent Power 1986 Asian Oil was merged Producer) operations. into Cosmo Oil. Oil E&P Cosmo Oil was established through Qatar Petroleum tripartite merger of Daikyo Oil, Maruzen Oil, Development and the former Cosmo Oil (Cosmo Refining). was established. 1933 : Maruzen Oil was established. 1939 : Daikyo Oil was established. 1952 : Asian Oil was established. 1968 : Abu Dhabi Oil was established2. 1970 : United Petroleum Development was established. FY 1986 '87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 1. See pages 41 and 42 on the impact of inventory valuation. 2. Daikyo Oil and Maruzen Oil (Cosmo Energy Group, currently) and Nippon Mining (JXTG Group, currently) made joint investments to establish Abu Dhabi Oil. 3. GC: Global Compact 4. International Petroleum Investment Company (IPIC) merged with Mubadala Development Company (MDC), an energy-related investment management company fully owned by the Emirate of Abu Dhabi, to become Mubadala Investment Company (MIC) at present.
    [Show full text]
  • Cosmo Report 2020 04
    Cosmo Energy Group’s Value Creation Strategy and Achievements Message Financial Analysis Business activity Sustainability Data History of Value Creation Thirty-four years have passed since the establishment of Cosmo Oil and the start of the Cosmo Energy Group. Amid a variety of environmental changes, the Cosmo Energy Group’s mission of a safe and stable energy supply remains unchanged and the Group aims to contribute to society. Related to all businesses Related to the Petroleum Business Related to the Renewable Energy and Other Businesses Related to the Oil E&P Business Related to the Petrochemical Business 1933 1985 1986 2006 2007 2012 2013 2020 Birth of a new Cosmo Oil toward a Prospects for a New journey as the Prologue to Cosmo Oil new development stage new growth path Cosmo Energy Group Became unwaveringly competitive despite rough waves of Damage and reconstruction from the March 2011 Striving to grow based on the Group’s established business Daikyo Oil and Maruzen Oil started operation. liberalization. Earthquake. base and contributing to a sustainable society. Corporate Origin Corporate 1933 Maruzen Oil established. 1984 “Cosmo Oil” (Refining) 1986 Cosmo Oil established. 2015 Cosmo Energy Holdings established. established. 1939 Daikyo Oil established. 1989 Asian Oil merged into Cosmo Oil to form an organization of four refineries. 1933 Maruzen Oil established. 1986 Cosmo Oil established through tripartite merger 2007 Business alliance formed with IPIC (currently MIC). 2013 Sakaide Refinery closed, becoming an organization of of Daikyo Oil, Maruzen Oil and former Cosmo Oil three refineries. 1939 Daikyo Oil established. 2007 Japanese education program launched in the UAE.
    [Show full text]
  • 2010 Sustainability Reporting of the World's Largest Petroleum Refining
    Bharat Petroleum, BP, Caltex Australia, Calumet Specialty Products, Cepsa, Chevron, China National Petroleum, ConocoPhillips,2010 Sustainability Cosmo Reporting Oil, of the CPC, World's CVR Energy,Largest Eni, Petroleum Exxon Refining Mobil, Companies Formosa Petrochemical, Frontier Oil, Galp Energia, Pacific Sustainability Index Scores: A benchmarking tool for online sustainability reporting GS Holdings, Hess, Hindustan Petroleum, Holly, Idemitsu Kosan, Indian Oil, Israel C o r p . , L u k o i l , M a r a t h o n O i l , M o l Hungarian Oil and Gas, Murphy Oil, Neste Oil, Nippon Mining Holdings, Nippon Oil, OMV Group, PDVSA, Petrobras, Petronas, Petroplus Holdings, PKN Orlen Group, PTT, Reliance Industries, Repsol YPF, Rosneft Oil, Royal Dutch Shell, Showa Shell Sekiyu, Sinopec, SK Holdings, S-Oil, Statoil Hydro, Suncor Energy, Sunoco, Tesoro, TNK-BP Holding, Total,United Refining, J.E. Morhardt, Elgeritte Adidjaja, Gracie Beck, Shae Blood, Leah Bross, William Brown, Carolyn Campbell, Jaclyn T. D'Arcy, Whitney Ellen Dawson, V a l e r o E n e r g y , WKaren de e Wolski, s tKaren e Diaz, r Erin n Franks, R Karina e Gomez, fi nAustin i Prentice n g Hallett, Bukola Jimoh, Eric Robert King, Ryan Dean Chas Kristensen, Danielle L. Manning, Allison Scott, Ashley Scott, Aisha Shaikh, Michael Handler Shoemaker, Jennifer Katelyn Ward, and Kathleen West. Contents The Roberts Environmental Center has been the foremost Topics Page analyst of corporate sustainability reporting for over a Company Rankings 3 decade. We analyze corporate online disclosure using our Lead Analyst’s Commentary 4 Pacific Sustainability Index (PSI) and publish the results Carbon Capture and Storage Trends in the 5 online.
    [Show full text]
  • Presentation on Results for FY2020
    Presentation on Results for FY2020 May 11, 2021 Idemitsu Kosan Co.,Ltd. Summary of Financial Results FY2020 Financial overview Operating + equity income (“segment income”) turned positive in FY20, mainly as inventory impact improved following an increase in crude oil prices Segment income excluding inventory impact increased by ¥29.7 billion year- on-year, supported by improved time lag in Petroleum segment Net income increased by ¥57.9 billion despite reporting losses on valuation of ¥18.1 billion on long-term loans to NSRP [￥ billions] FY2019 FY2020 Change Operating Income (26.2) 100.3 126.5 + Equity Income Inventory impact (89.3) 7.5 96.7 Excluding inventory impact 63.1 92.8 29.7 Net Income Attributable to (22.9) 34.9 57.9 Owners of the Parent Excluding inventory impact 39.0 29.7 (9.3) FY2020 Dividends interim:¥60/share, year-end: ¥60/share , total: ¥120/share * No changes from the previous announcement 2 Summary of FY2021 Forecast FY2021 Forecast overview Forecast a ¥39.7 billion year-on-year increase in segment income, with a recovery in resource prices and reversal of one-time losses in the power & renewable energy segment in FY20 Anticipating a ¥50.1 billion year-on-year increase in net income, in part due to significant extraordinary losses in FY20 [￥billions] FY2020 FY2021 Change Operating Income 100.3 140.0 39.7 + Equity Income Inventory impact 7.5 0.0 (7.5) Excluding inventory impact 92.8 140.0 47.2 Net Income Attributable to 34.9 85.0 50.1 Owners of the Parent Excluding inventory impact 29.7 85.0 55.3 *While some inventory
    [Show full text]
  • Strengthening Collaboration in the Chukyo Region
    September 19, 2007 Press Release Idemitsu Kosan Co., Ltd. Japan Energy Corporation Strengthening Collaboration in the Chukyo Region 1. Idemitsu Kosan Co., Ltd (headquarters: Marunouchi 3-chome, Chiyoda-ku, Tokyo; President: Akihiko Tembo; hereinafter Idemitsu) and Japan Energy Corporation (headquarters: Toranomon 2-chome, Minato-ku, Tokyo; President: Isao Matsushita; hereinafter J-Energy) have agreed to launch detailed discussions concerning collaboration between their refineries in the Chukyo region for the purpose of strengthening each companies’ competitiveness. 2. Due to proximity of the refineries in the region (Idemitsu: Aichi Refinery; J-Energy: Chita Oil Refinery), the two refineries have already begun utilizing both of crude oil discharge facilities through Isewan Sea Berth K.K. (headquarters: Chita-shi, Aichi prefecture; President: Shigetoshi Furukawa), a joint-investment company by Idemitsu and J-Energy. 3. We have decided to seek for further collaborative opportunities between the two refineries, in order to survive the Japanese market where the profitability is deteriorating, as a structural change in the petroleum demand continues. Therefore, we have launched discussions over various matters such as expansion of barter trades in petroleum products and components, efficient utilization of storage tanks, and mutual cooperation during periodical maintenance of facilities. 4. We have established a special committee to address detailed discussions toward broad scale of collaboration. Furthermore, the two companies will explore the possibility of more opportunities to improve their competitiveness in the Japanese oil industry, if necessary, collaborative locations might not be limited to the Chukyo region. (Reference) Outline of both companies’ refineries in the Chukyo region For inquiries regarding this press release, please contact Idemitsu Kosan Co., Ltd.: PR Dept.
    [Show full text]
  • Integrated Report 2020 Integrated Resilience
    PETRONAS CHEMICALS GROUP BERHAD CHEMICALS GROUP PETRONAS 199801003704 (459830-K) www.petronaschemicals.com Integrated Report 2020 Report Integrated PETRONAS Chemicals Group Berhad Tower 1, PETRONAS Twin Towers Kuala Lumpur City Centre 50088 Kuala Lumpur, Malaysia Tel : +603 2051 5000 Fax : +603 2051 3888 RESILIENCE. SUSTAINABLE GROWTH. PETRONAS CHEMICALS GROUP BERHAD INTEGRATED REPORT 2020 Dear Stakeholders, We are glad to present to you our Integrated Report 2020. As a leading integrated chemicals producer in Malaysia, at PETRONAS Chemicals Group Berhad, we continue to demonstrate our ability to create value for you. During the reporting year, with our strong fundamentals; market presence in over 30 countries; vast industry experience; operational and commercial excellence; we remained resilient and committed to sustainable growth. WELCOME TO OUR INTEGRATED REPORT 2020 ABOUT THIS REPORT INTEGRATED REPORTING APPROACH As one of the largest companies on Bursa Malaysia Securities Berhad (Bursa Malaysia) by market capitalisation, our operations impact a network of diverse stakeholders. We strive to continuously deliver a coherent, transparent and credible assessment of our performance to these stakeholders. This is demonstrated in the PETRONAS Chemicals Group Berhad (PCG or the Group) Integrated Report 2020, in which we present our ability to utilise various capitals to create sustainable value to all stakeholders. 1 SCOPE AND BOUNDARY 4 MATERIALITY This Integrated Report (IR) covers the reporting period of 1 January The information presented in this report addresses matters that 2020 to 31 December 2020, unless otherwise stated. Information are most material to our business and stakeholder value. We presented relates to the activities of the Group comprising our identify, prioritise and validate our material matters via a four-step subsidiaries, joint operation, joint ventures and associates.
    [Show full text]
  • Invisible Assets
    51 Invisible Assets INVISIBLE ASSETS Achieving sustainable growth by refining the invisible assets that underpin our GPS×G ([Gas & Power + Service] × Global) strategy Safe and stable energy supply infrastructure P25 See details in the “Business overview.” Relationships of trust with 11 million customers P31 See details in the “Business overview.” Relationships of trust with business partners P52 Digitalization and technology development capabilities (Innovation) P53 Human resources P55 ESG Initiatives Environmental, Social, Governance P57 52 TOKYO GAS INTEGRATED REPORT 2019 Relationships of trust with business partners In the present stage of transformation of the energy industry, namely, the full deregulation of the electricity and gas retail markets, we are exchanging information broadly with not only electricity and gas companies but also players in various industries. Moreover, we are promoting cooperation in areas where we foresee mutual synergies such as gas resource procurement and the electricity business (power plant construction and electricity sales). LNG value chain LNG procurement Using technology and know-how concerning the integrated energy business, Ensure flexibility and realize cost-competitive LNG we provide energy solutions to customers who are expanding business in procurement by enhancing and expanding alliance with Southeast Asia and North America, and contribute to infrastructure-building. LNG players in Japan and overseas. PetroVietnam Signing of a Memorandum of Understanding for Coopration on Gas the Development of the LNG Value Chain in Vietnam Kansai Electric Power Korea Gas Corporation Signing of a Memorandum of Understanding with Pertamina PT Pertamina towards Forming a Strategic Alliance-Cooperation for Development of LNG Value Chain in Indonesia Petronas LNG Centrica, U.K.
    [Show full text]
  • News Releases
    January 13, 2011 Toyota Motor Corporation Nissan Motor Co., Ltd. Honda Motor Co., Ltd. JX Nippon Oil & Energy Corporation Idemitsu Kosan Co., Ltd. Iwatani Corporation Osaka Gas Co., Ltd. Cosmo Oil Co., Ltd. Saibu Gas Co., Ltd. Showa Shell Sekiyu K.K. Taiyo Nippon Sanso Corporation Tokyo Gas Co., Ltd. Toho Gas Co., Ltd. 13 Japanese Companies Eye Smooth Domestic Launch of FCVs –Development of Hydrogen Supply Infrastructure Key– Toyota Motor Corporation (TMC), Nissan Motor Company, Ltd., Honda Motor Company, Ltd., JX Nippon Oil & Energy Corporation, Idemitsu Kosan Company, Ltd., Iwatani Corporation, Osaka Gas Company, Ltd., Cosmo Oil Company, Ltd., Saibu Gas Company, Ltd., Showa Shell Sekiyu K.K., Taiyo Nippon Sanso Corporation, Tokyo Gas Company, Ltd. and Toho Gas, Company, Ltd. jointly announce the following details regarding the launch of mass-produced fuel-cell vehicles (FCVs)—one of a number of potential next-generation vehicles—in the Japanese market in 2015 and the development of the hydrogen supply infrastructure necessary for the successful adoption of the vehicles. 1. As development of fuel-cell systems progresses, Japanese automakers are continuing to drastically reduce the cost of manufacturing such systems and are aiming to launch FCVs in the Japanese market—mainly in the country’s four major metropolitan areas—in 2015. The automobile industry hopes to popularize the use of FCVs after their initial introduction as a way of tackling energy and environmental issues. 2. Hydrogen fuel suppliers are aiming to construct approximately 100 hydrogen fueling stations by 2015, based on the number of FCVs expected to initially enter the market, to ensure a smooth launch and to create initial market.
    [Show full text]