Idemitsu Kosan Co.,Ltd. Has Established Idemitsu Americas Holdings Corporation to Accelerate the Development of New Projects to Involve Idemitsu Kosan With Leading Companies in the Americas
SAN JOSE, Calif.--(BUSINESS WIRE)--Aug 24, 2021--
Idemitsu aims to be carbon neutral by 2050 for its own Scope 1 and 2 emissions, with staged replacements for its fossil fuel and basic chemicals businesses with next-generation fuels, materials, and circular business. Plans call for a portfolio evolution by developing business with ultra-compact electric vehicles and life support, as well as an expansion into leading-edge materials that can support next-generation manufacturing.
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The building where the Idemitsu Americas Holdings office is located (San Jose, CA) (Photo: Business Wire)
Idemitsu Americas Holdings (IAH) Corporation is in San Jose, within Silicon Valley, where neighboring companies are world-scale innovators. In a move designed to bring Idemitsu’s plans for a future-facing portfolio evolution closer to reality, the Medium-Term Management Plan Revision announced in May calls for the conversion of oil refineries and industrial complexes into carbon-neutral transformation (CNX) centers. IAH is perfectly located to develop networks with business partners and identify potential projects.
Motohiro Suzuki, President and CEO for Idemitsu Americas Holdings Corporation said that it is critical to find potential partners when searching for innovative businesses. “Startups are a natural place to begin and by locating Idemitsu Americas Holdings Corporation in Silicon Valley, we believe that we are positioned to contribute to the realization of a sustainable society when we are able to work with leading-edge companies in the Americas known for their experience in energy and materials industries.”
Integral to its future, Idemitsu will take advantage of Idemitsu Americas Holdings Corporation’s work to create new value that will further our portfolio evolution.
Overview of Idemitsu Kosan Co.,Ltd.
Idemitsu Kosan Co.,Ltd.
Development, production and supply of fuels, basic chemicals, functional materials, renewable energy, and resources
1940 (founded in 1911)
JPY 168.4 billion
Representative Director President and Chief Executive Officer
Overview of Idemitsu Americas Holdings Corporation
Idemitsu Americas Holdings Corporation
San Jose, California
Strengthening the operations of Idemitsu Kosan, Co., Ltd., for its group companies within the Americas and developing new projects
President and CEO
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CONTACT: Public Relations Section, Idemitsu Kosan Co.,Ltd.
Chihiro Hori (Ms.)
KEYWORD: UNITED STATES JAPAN NORTH AMERICA ASIA PACIFIC CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES CHEMICALS/PLASTICS SMALL BUSINESS OIL/GAS MANUFACTURING ALTERNATIVE ENERGY ENERGY
SOURCE: Idemitsu Kosan Co.,Ltd.
Copyright Business Wire 2021.
PUB: 08/24/2021 01:00 PM/DISC: 08/24/2021 01:02 PM