Japan’s Idemitsu Kosan to turn Fuji Oil an affiliate to optimize supply, boost carbon neutrality push

Capt. John

Japan’s second largest refiner Idemitsu Kosan said April 16 it expects to turn Fuji Oil to its equity-method affiliate after acquiring JERA’s 8.75% stake in the latter as it strives to optimize its oil products supply and crude procurements and enhance cooperation toward 2050 carbon neutrality....


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