How is Idemitsu Kosan Co., Ltd.? Reviews and website information of Idemitsu Kosan Co., Ltd.

Idemitsu Kosan is a well-known oil and energy company in Japan and even in the world. It was founded in 1911 and is headquartered in Tokyo, Japan. As the second largest oil company in Japan, second only to JX Holdings, Idemitsu Kosan plays a pivotal role in the energy field. In the 2013 Fortune Global 500 ranking, Idemitsu Kosan ranked 215th, fully demonstrating its influence in the global energy market.

Company History and Development

The origin of Idemitsu Kosan Co., Ltd. can be traced back to 1911, when the founder Idemitsu Sado founded Idemitsu Shokai in Fukuoka Prefecture, Japan, mainly engaged in the sale of petroleum products. After years of development, Idemitsu Shokai gradually expanded its business to include oil exploration, refining, sales and other fields. In 1940, the company was officially renamed Idemitsu Kosan Co., Ltd., marking its transformation from a local enterprise to a national enterprise.

After World War II, Japan's economy recovered rapidly, and Idemitsu Kosan seized the opportunity to actively expand its business scope. In the 1950s, the company began to enter overseas markets and established oil mining and refining facilities in Southeast Asia, the Middle East and other places. In the 1970s, with the outbreak of the global oil crisis, Idemitsu Kosan further strengthened its layout in the oil field to ensure the company's competitiveness in the global energy market.

After entering the 21st century, Idemitsu Kosan continued to promote its globalization strategy and established cooperative relations with many international energy companies. In 2010, the company acquired a large American oil company, further increasing its market share in North America. In addition, Idemitsu Kosan also actively invested in the field of renewable energy and was committed to achieving sustainable development of energy.

Business areas

Idemitsu Kosan Co., Ltd.'s business covers the exploration, production, refining, and sales of oil and natural gas, as well as the production and sales of chemical products. The company's main business areas include:

• Oil and gas exploration and production : Idemitsu Kosan owns a number of oil and gas fields around the world, mainly in Southeast Asia, the Middle East and North America. The company uses advanced technology and equipment to ensure efficient oil and gas production.
• Refining and Sales : Idemitsu Kosan owns several large-scale refineries in Japan, with an annual refining capacity of more than 10 million tons. The company's petroleum products include gasoline, diesel, and aviation fuel, which are widely used in the automotive, aviation, and shipbuilding industries. In addition, Idemitsu Kosan also provides consumers with high-quality fuel services through its nationwide network of gas stations.
• Production and sales of chemical products : Idemitsu Kosan is not only an important player in the oil and gas field, but also has extensive business in the field of chemical products. The chemical products produced by the company include polyethylene, polypropylene, styrene, etc., which are widely used in plastics, rubber, textiles and other industries.
• Renewable energy : In recent years, Idemitsu Kosan has actively invested in renewable energy, including solar energy, wind energy, biomass energy, etc. The company is committed to reducing its dependence on traditional fossil energy and promoting the transformation of the energy structure by building solar power stations, wind farms and other projects.

Technological innovation and R&D

As a global leading energy company, Idemitsu Kosan attaches great importance to technological innovation and R&D. The company invests a large amount of money in technology R&D every year to ensure its technological leadership in oil and gas exploration, mining, refining and other fields. Idemitsu Kosan has R&D centers all over the world with thousands of scientific researchers dedicated to developing efficient and environmentally friendly energy technologies.

In the field of oil exploration and production, Idemitsu Kosan uses advanced 3D seismic exploration technology to accurately detect underground oil and gas resources. In addition, the company has developed efficient drilling technology, which has greatly improved the extraction efficiency of oil and gas fields. In the field of oil refining, Idemitsu Kosan uses advanced catalytic cracking technology to convert heavy crude oil into high-value-added light petroleum products such as gasoline and diesel.

In the field of renewable energy, Idemitsu Kosan actively develops new energy equipment such as solar cells and wind turbines. The solar cells developed by the company have the advantages of high conversion efficiency and long life, and have been widely used in the construction of solar power stations. In addition, Idemitsu Kosan has also developed efficient wind turbines that can make full use of wind energy resources, making important contributions to the development of renewable energy.

Corporate Social Responsibility

Idemitsu Kosan Co., Ltd. has always adhered to the corporate philosophy of "creating value for society" and actively fulfilled its corporate social responsibility. The company is committed to contributing to environmental protection, social welfare and employee welfare in various ways.

In terms of environmental protection, Idemitsu Kosan has established a strict environmental management system to ensure that its production and business activities have the lowest impact on the environment. The company uses advanced environmental protection technologies to reduce the emission of waste gas, wastewater and solid waste. In addition, Idemitsu Kosan also actively participates in ecological restoration projects such as afforestation and wetland protection, making positive contributions to improving environmental quality.

In terms of social welfare, Idemitsu Kosan gives back to the society in many ways. The company has established the "Idemitsu Kosan Charity Foundation" to fund public welfare projects in the fields of education, medical care, culture, etc. In addition, Idemitsu Kosan actively participates in disaster relief and provides material and financial support to disaster-stricken areas. In terms of employee welfare, Idemitsu Kosan provides employees with a good working environment and welfare benefits to ensure their career development and quality of life.

Future Outlook

Looking ahead, Idemitsu Kosan will continue to advance its globalization strategy and further expand its share in the global energy market. The company will continue to increase its investment in renewable energy and strive to achieve sustainable energy development. In addition, Idemitsu Kosan will further strengthen technological innovation and R&D to ensure its technological leadership in the oil and gas field.

In terms of environmental protection, Idemitsu Kosan will continue to implement its environmental protection philosophy and reduce the impact of production and business activities on the environment. The company plans to increase the proportion of its renewable energy business to more than 20% in the next few years to make a greater contribution to addressing global climate change.

In terms of social responsibility, Idemitsu Kosan will continue to fulfill its corporate social responsibility and actively participate in social welfare undertakings. In the next few years, the company plans to fund more public welfare projects in the fields of education, medical care, culture, etc. through its charitable foundation to make greater contributions to the harmonious development of society.

Conclusion

As a world-leading oil and energy company, Idemitsu Kosan Co., Ltd.