Idemitsu Kosan Co. Ltd. has completed its long-planned takeover of Japanese refiner and marketer Showa Shell Sekiyu KK (OGJ Online, Dec. 19, 2016; July 30, 2015).
The consolidation was finalized on Apr. 1, Idemitsu Kosan said.
Under the business integration plan, Showa Shell Sekiyu has become a wholly owned subsidiary of Idemitsu Kosan.
Based on the latest capacity data available from the Petroleum Association of Japan, of the country’s 22 official refineries, the newly integrated company will now control six refineries with a combined capacity of 945,000 b/d, including:
• Idemitsu Kosan’s 160,000-b/d refinery in Chita, Aichi prefecture.
• Idemitsu Kosan’s 190,000-b/d refinery and petrochemical complex in Ichihara, Chiba prefecture.
• Idemitsu Kosan’s 150,000-b/d refinery in Tomakomai, Hokkaido prefecture.
• The Showa Shell Sekiyu-held Toa Oil Co. Ltd.’s 70,000-b/d Keihin refinery, in Kawasaki, Kanagawa prefecture.
• The Showa Shell Sekiyu-held Showa Yokkaichi Sekiyu Co. Ltd.’s 255,000-b/d Yokkaichi refinery, in Yokkaichi, Mie prefecture.
• The Showa Shell Sekiyu-held Seibu Oil Co. Ltd.’s 120,000-b/d Yamaguchi refinery, in Ube, Yamaguchi prefecture.
Idemitsu Kosan also operates the Tokuyama petrochemical complex in Shunan, Yamaguchi prefecture.
Contact Robert Brelsford at [email protected].
