Idemitsu Kosan Co.,Ltd., ENEOS Corporation, Toyota Motor Corporation, and Mitsubishi Heavy Industries, Ltd. Commence Study Towards Introduction and Spread of Carbon-Neutral Fuels for Automobiles
May 27, 2024 at 05:30 am
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Idemitsu Kosan Co.,Ltd., ENEOS Corporation, Toyota Motor Corporation, and Mitsubishi Heavy Industries, Ltd. announce that they have commenced a study toward the introduction and spread of carbon-neutral fuels that contribute to the decarbonization of automobiles with the aim of realizing a carbon-neutral society. Seeking to introduce carbon-neutral fuels in Japan around 2030, the four companies fulfilling major roles respectively in supply, technology, and demand will jointly embark on this study.
Idemitsu Kosan Co., Ltd. is specialized in the production and refining of petroleum products. Net sales break down by category as follows:
- refining of petroleum products (78.8%): fuels, lubricants, kerosene, etc. At the end of March 2019, the group operated 6 refineries in Japan;
- manufacturing of petrochemical products (12.5%): activity carried out in 2 production sites located in Japan;
- exploration and production of oil, coal, uranium and geothermal resources (7%);
- other (1.7%).
Net sales are distributed geographically as follows: Japan (69.8%), Asia-Pacific (19.2%), North America (7.2%), Europe (2.4%) and others (1.4%).
Idemitsu Kosan Co.,Ltd., ENEOS Corporation, Toyota Motor Corporation, and Mitsubishi Heavy Industries, Ltd. Commence Study Towards Introduction and Spread of Carbon-Neutral Fuels for Automobiles
IDEMITSU KOSAN CO., LTD. 
