Idemitsu Kosan

BII and Idemitsu partner with Skye Renewables to accelerate decarbonisation in South-East Asia

Retrieved on: 
Tuesday, March 26, 2024
Electricity, DFI, Growth, Partnership, Global warming potential, Policy, IKC, C&I, BII, Foreign direct investment, Idemitsu Kosan, CO2, Government, British International Investment, UN, Renewable energy

This first direct equity investment by them in South-East Asia will support Skye Renewables to scale up renewable energy solutions in an important and growing area of decarbonisation need: the commercial and industrial sector.

Key Points: 
  • This first direct equity investment by them in South-East Asia will support Skye Renewables to scale up renewable energy solutions in an important and growing area of decarbonisation need: the commercial and industrial sector.
  • Srini Nagarajan, Managing Director and Head of Asia at BII, said: "This investment marks the first direct equity investment by BII in South-East Asia since our re-entry to the region in 2022.
  • Skye provides BII the opportunity to work with experienced partners like IKC, to scale up this renewable energy platform that will benefit the region.
  • Ross Coull, Founder of Skye Renewables, commented: "We are absolutely delighted that BII has chosen Skye as their first direct equity investment in South-East Asia.

HIF Global, Idemitsu Kosan and MOL co-operate to develop eFuels supply chain

Retrieved on: 
Monday, March 18, 2024
Carbon, Idemitsu Kosan, Sale, MOL, Transport, Mitsui O.S.K. Lines, Senior, CO2, Hydrogen, Oxygen, Water, Renewable energy

SYDNEY and TOKYO and HOUSTON, March 18, 2024 /PRNewswire/ -- HIF Global, the world´s leading eFuels company, Idemitsu Kosan, the Japanese petroleum company and Mitsui O.S.K. Lines, Ltd. (MOL), the international shipping company, today announce an agreement to develop an eFuels supply chain between HIF facilities and Japan.

Key Points: 
  • Companies to initiate supply chain of eFuels from HIF projects in USA, Australia and Chile to Japan, and CO2 from Japan to HIF facilities
    SYDNEY and TOKYO and HOUSTON, March 18, 2024 /PRNewswire/ -- HIF Global , the world´s leading eFuels company, Idemitsu Kosan, the Japanese petroleum company and Mitsui O.S.K.
  • Lines, Ltd. (MOL), the international shipping company, today announce an agreement to develop an eFuels supply chain between HIF facilities and Japan.
  • Hiroshi Tanaka, General Manager (Carbon Neutral Transformation Department) of Idemitsu Kosan said: "As part of our commitment to sustainability, Idemitsu is actively working towards establishing a robust supply chain for eMethanol and eFuels.
  • Lines is pleased to be working with HIF Global and Idemitsu Kosan to develop a value chain for CO2, synthetic fuel, and synthetic methanol, contributing to decarbonization throughout the lifecycle.

HIF USA and Idemitsu Kosan sign LOI for eMethanol sale and purchase from Texas eFuels facility

Retrieved on: 
Friday, December 1, 2023
Sale, Carbon, Ship, Engineering, Facility, COP28, Idemitsu Kosan, CO2, Methanol, Topsoe, Memorandum of understanding, Atmosphere, Siemens Energy, Letter, Transport

TOKYO, SYDNEY and HOUSTON, Dec. 1, 2023 /PRNewswire/ -- HIF USA, affiliate of HIF Global, the world´s leading eFuels company, and the Japanese energy company Idemitsu Kosan, signed a letter of intent to negotiate a sale and purchase agreement for eMethanol from the HIF Matagorda eFuels facility currently in development in Texas, and to study the joint development of the eMethanol business.

Key Points: 
  • We are already producing eFuels at the HIF Haru Oni facility in southern Chile and developing large-scale eFuels facilities around the globe.
  • Idemitsu Kosan has embraced the challenge and is committed to accelerating the production of eFuels to lead Japan in the energy transition."
  • The HIF Matagorda eFuels Facility expects to purchase approximately 2 million mtpa of recycled carbon dioxide ("CO2") for conversion to eMethanol and 2,000 megawatts of renewable energy.
  • Earlier this year, HIF Global and Idemitsu Kosan signed an MoU to accelerate the production of eFuels.

Idemitsu and Toyota Announce Beginning of Cooperation toward Mass Production of All-Solid-State Batteries for BEVs

Retrieved on: 
Thursday, October 12, 2023
Adhesive, Bev, Carbon, BEV, Research, Idemitsu Kosan

(Idemitsu) and Toyota Motor Corporation (Toyota) announced today that they have entered into an agreement to work together in developing mass production technology of solid electrolytes, improving productivity and establishment a supply chain, to achieve the mass production of all-solid-state batteries for battery electric vehicles (BEVs).

Key Points: 
  • (Idemitsu) and Toyota Motor Corporation (Toyota) announced today that they have entered into an agreement to work together in developing mass production technology of solid electrolytes, improving productivity and establishment a supply chain, to achieve the mass production of all-solid-state batteries for battery electric vehicles (BEVs).
  • As for next-generation batteries which support an evolution of BEVs, Idemitsu has been working on research & development on elemental technologies for all-solid-state batteries since 2001, while Toyota started in 2006.
  • This collaboration focuses on sulfide solid electrolytes, which are seen as a promising material to achieve high capacity and output for BEVs.
  • Sulfide solid electrolytes are characterized by softness and adhesiveness to other materials, which is suitable for battery mass production.

RingSquared Partners with Mazda MX-5 Driver Nate Cicero

Retrieved on: 
Wednesday, October 11, 2023
Partnership, BFGoodrich, Human, Chad McCumbee, Global MX-5 Cup, Nate, MX-5, 2021 Mazda MX-5 Cup, Virginia International Raceway, Road Atlanta, IMSA, Idemitsu Kosan, Mazda, Mobile phone, Cicero

MAHWAH, N.J., Oct. 11, 2023 /PRNewswire-PRWeb/ -- RingSquared, a nationwide business voice and data solutions provider and IMSA communications partner, has signed Mazda MX-5 driver Nate Cicero, #83 McCumbee McAleer Racing, to their new partnership program.

Key Points: 
  • Cicero, #83 driver for McCumbee McAleer Racing, now an official RingSquared Partner
    MAHWAH, N.J., Oct. 11, 2023 /PRNewswire-PRWeb/ -- RingSquared, a nationwide business voice and data solutions provider and IMSA communications partner, has signed Mazda MX-5 driver Nate Cicero, #83 McCumbee McAleer Racing, to their new partnership program.
  • We look forward to developing a strong partnership with Nate and supporting a promising young driver - Kevin Alward, RingSquared CEO
    In 2023, RingSquared became an official IMSA Communications Partner.
  • Cicero won the Mazda MX-5 Cup Shootout in 2022 and is now wrapping up his rookie season in the Idemitsu Mazda MX-5 Cup presented by BFGoodrich.
  • "We look forward to developing a strong partnership with Nate and supporting a promising young driver," says Kevin Alward, RingSquared CEO.

 Vertex Energy Announces First Commercial Sales of Renewable Diesel

Retrieved on: 
Monday, June 26, 2023
Environment, Technology, Other Energy, Other Technology, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Idemitsu Kosan, Fuel oil, Vertex, RD

Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that the Company has completed its first series of commercial sales transactions of renewable diesel ("RD") from its recently completed Renewable Diesel production facility at its refinery located in Mobile, Alabama (the “Mobile Refinery”).

Key Points: 
  • Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that the Company has completed its first series of commercial sales transactions of renewable diesel ("RD") from its recently completed Renewable Diesel production facility at its refinery located in Mobile, Alabama (the “Mobile Refinery”).
  • The initial sales totaled approximately 110,000 barrels of RD to Idemitsu Apollo Renewable Corporation ("Idemitsu"), a wholly-owned California-based subsidiary of Idemitsu Kosan, per the previously disclosed product supply agreement announced in February 2022.
  • The Company also announced expected increases in RD production volumes remain on schedule as planned, at a current rate of approximately 7,700 barrels per day (bpd).
  • "We are pleased to report the initial sales of Renewable Diesel out of our Mobile Refinery.

Idemitsu Renewables Executes Power Purchase Agreement with Sonoma Clean Power

Retrieved on: 
Tuesday, June 13, 2023
Partnership, Electricity, Organization, Community, SAN, Community Choice Aggregation, Idemitsu Kosan, Power purchase agreement, PPA, Renewable energy, Azalea

SAN FRANCISCO, June 13, 2023 /PRNewswire/ -- Idemitsu Renewables, a leading renewable energy developer, announced today the signing of a long-term Power Purchase Agreement (PPA) with Sonoma Clean Power Authority, the not-for-profit, community-based electricity provider for Sonoma and Mendocino counties.

Key Points: 
  • SAN FRANCISCO, June 13, 2023 /PRNewswire/ -- Idemitsu Renewables, a leading renewable energy developer, announced today the signing of a long-term Power Purchase Agreement (PPA) with Sonoma Clean Power Authority, the not-for-profit, community-based electricity provider for Sonoma and Mendocino counties.
  • "We are delighted to partner with Sonoma Clean Power to deliver clean, reliable, and cost-effective electricity to the community," said Cary Vandenberg, CEO of Idemitsu Renewables.
  • We are excited to partner with Idemitsu Renewables to utilize more in-state renewable power with fewer greenhouse gas emissions," said Deb Emerson, Managing Director of Power Procurement at Sonoma Clean Power.
  • The collaboration between Idemitsu Renewables and Sonoma Clean Power sets an example for other communities and organizations seeking to accelerate their transition to renewable energy sources.

H CYCLE, LLC ANNOUNCES CLOSING OF SERIES A FINANCING TO FUND EXPANSION

Retrieved on: 
Monday, April 24, 2023
Ranchers-Cattlemen Action Legal Fund v. Sonny Perdue, Partnership, Marathon, Waste management, Marathon Capital, ENEOS, Partner (business rank), Carbon, USD, Idemitsu Kosan, Government, Transport, Renewable energy, Azimuth

CONCORD, Calif., April 24, 2023 /PRNewswire/ -- H Cycle , LLC, is pleased to announce the closing of Series A funding led by Azimuth Capital Management's new Azimuth V Energy Evolution Fund and ENEOS Innovation Partners LLC.

Key Points: 
  • CONCORD, Calif., April 24, 2023 /PRNewswire/ -- H Cycle , LLC, is pleased to announce the closing of Series A funding led by Azimuth Capital Management's new Azimuth V Energy Evolution Fund and ENEOS Innovation Partners LLC.
  • In developing its green hydrogen projects, H Cycle is not only serving overarching climate decarbonization goals, but also meeting growing regional calls for better waste management.
  • H Cycle is meeting demand for low-carbon fuels by re-purposing organic waste materials destined for landfills.
  • We look forward to working with H Cycle and its partners to pursue these market development opportunities."

Idemitsu Lubricants America Names Michael Park Vice President

Retrieved on: 
Wednesday, April 5, 2023
Original equipment manufacturer, ILA, Growth, Lubricant, Lead, OEM, Senior, Stock, Management, Idemitsu Kosan

SOUTHFIELD, Mich., April 5, 2023 /PRNewswire/ -- Idemitsu Lubricants America (ILA) has announced the promotion of Michael (Mike) Park from Senior Director to Vice President of AMO/OES Divisions & Distributor Accounts.

Key Points: 
  • SOUTHFIELD, Mich., April 5, 2023 /PRNewswire/ -- Idemitsu Lubricants America (ILA) has announced the promotion of Michael (Mike) Park from Senior Director to Vice President of AMO/OES Divisions & Distributor Accounts.
  • After joining the Idemitsu team in 2011, Park became the architect of the organization's national bulk oil program.
  • "With such phenomenal results and growth, despite a challenging post-Covid period for the industry at large, Mike is the natural choice to lead and steer Idemitsu Lubricants America into the future," says Kazumi Kikuchi, ILA President.
  • For more information on Idemitsu Lubricants America, go to www.IdemitsuLubricants.com .

HIF Global and Idemitsu Kosan announce carbon neutral eFuels strategic cooperation

Retrieved on: 
Wednesday, April 5, 2023
Carbon, Hydrogen, Oxygen, Ship, Climate change, Water, Coal, Renewable energy, Idemitsu Kosan

TOKYO and SYDNEY and HOUSTON, April 5, 2023 /PRNewswire/ -- HIF Global, the world's leading eFuels company, and energy company Idemitsu Kosan today announced a strategic cooperation agreement to accelerate the production of carbon neutral eFuels.

Key Points: 
  • TOKYO and SYDNEY and HOUSTON, April 5, 2023 /PRNewswire/ -- HIF Global, the world's leading eFuels company, and energy company Idemitsu Kosan today announced a strategic cooperation agreement to accelerate the production of carbon neutral eFuels.
  • The HIF-Idemitsu strategic cooperation will focus on purchase of eFuels by Idemitsu from HIF eFuels facilities worldwide, co-investments in HIF eFuels facilities and new facilities in Japan, and supply of recycled carbon dioxide from Japan for use in the eFuels production process.
  • Cesar Norton, HIF Global CEO, said, "eFuels are available now to decarbonize existing cars, ships, and airplanes without any modifications to their engines.
  • Hiroshi Tanaka, Idemitsu Kosan, General Manager, Carbon Neutral Transformation Department, said, "Idemitsu is exploring ways to ensure a stable energy supply in a carbon-neutral society in 2050.