Japan: Newly-Merged Company Plans More Investment in Geothermal Power

Oil wholesalers Idemitsu, Showa Shell merge (NHK World)

Leading Japanese oil wholesalers Idemitsu Kosan and Showa Shell Sekiyu merged their businesses on Monday, effectively reorganizing the country's industry into three major groups.

With sales of 5.8 trillion yen, or about 52 billion dollars, the company becomes the second-largest oil wholesaler in Japan.

The company says it plans to develop oil refineries abroad, invest in renewable energy sources such as solar, wind and geothermal power, and develop new chemical products.

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From the Global Geothermal News archives:

• Monday, December 10, 2018 - Japan: Geothermal Power Plant Start-Up Slated for 2024
• Tuesday, November 7, 2017 - Japan: Short-Term Flow Tests at Akita Geothermal Energy Project Carried Out
• Tuesday, March 7, 2017 - Japan: 5 MW Geothermal Plant in Oita Prefecture Starts Up