Japan’s Idemitsu to boost stake in Fuji Oil to bolster energy transition cooperation
March 19, 2024 Comments Off
Japan’s second largest refiner Idemitsu Kosan will boost its stake in refiner Fuji Oil to 13.04%, the company said March 19, in a move that will boost competitiveness in its bilateral oil products business and enhance cooperation toward 2050 carbon neutrality. Under an agreement, Idemitsu will acquire all of Sumitomo Chemical’s 6.46% stake in Fuji Oil on March 26, bringing…
Japan’s Idemitsu to boost stake in Fuji Oil to bolster energy transition cooperation
Japan’s second largest refiner Idemitsu Kosan will boost its stake in refiner Fuji Oil to 13.04%, the company said March 19, in a move that will boost competitiveness in its bilateral oil products business and enhance cooperation toward 2050 carbon neutrality. Under an agreement, Idemitsu will acquire all of Sumitomo Chemical’s 6.46% stake in Fuji Oil on March 26, bringing…
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