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1
Idemitsu’s challenge in
global energy market
January 28, 2016
Takashi Matsushita
Managing Director
Idemitsu Kosan Co.,Ltd.
2
The environment surrounding the
Japanese oil industry
The action of Japanese oil industry
Idemitsu’s domestic and international
activity
Closing remark
Contents
3
Trend of global petroleum demand 6
Heavy Fuel Oil
Gas Oil
Kerosene
Unit : million BBL/Day
Source : EIA, METI data
0
20
40
60
80
100
120
0
5
10
15
20
25
30
35
40
45
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88
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World
Japan
Asia-Pacific
Forecast
Annual average growth
Asia-Pacific World
1988-2015 2015-2030
Japan -0.3% -3.4%
World 1.3% 1.0%
Asia-Pacific 3.5% 2.0%
50%
60%
70%
80%
90%
100%
110%
0
5
10
15
20
25
198
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4
Trend of Japanese Petroleum Demand 6
Heavy Fuel Oil
Gas Oil
Kerosene
Unit:10million KL Forecast
Source : Related Ministries(METI, etc), IEE
Naphtha
Jet
Gasoline
2030：117million
Population
2008：127million
Car’s Fuel Efficiency
(for Gasoline)
1996：12.1Km／L
2013：22.5Km／L
Refining Capacity
2014：3.9million/day
1998：5.4million/day
Retail Site
2014：33,510place
1994：60,421place
5
The environment surrounding the
Japanese oil industry
The action of Japanese oil industry
Idemitsu’s domestic and international
activity
Closing remark
Contents
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
1975 1980 1985 1990 1995 2000 2005 2010 2014 2016e
6
70% 66% 62%
76% 80% 78%
87% 85% 82% 88%
60%
80%
100%
（KBPSD）
FY
Date Source: IEE Japan, Report “Mizuho Industry Focus Vol176”
5,940
3,917
Capacity
▲34%
Refinery (CDU)Utilization
Rationalization of refining capacity in Japan
CDU Capacity Crude Oil runs
7
Nippon Mitsubishi Oil Nippon Oil
Japan Energy
Tonen General Sekiyu
Exxon Mobil
Exxon Mobil Group
Tonen General Group
Idemitsu Kosan
JX Nippon Oil
& Energy
Tonen General
Group
Kygnus Sekiyu
Taiyo Oil
In Apr 1999
In Dec 1992
In Jul 2000
In Jun 2002
Capital transfer in Feb 2014
In Apr 2010
In Oct 2008
Reorganization of oil company in Japan
Showa Shell Sekiyu Showa Shell Sekiyu
In Jan 1985
Cosmo Oil
In Apr 1986
Cosmo Oil
Idemitsu Kosan
Showa Oil
Shell Sekiyu
Nippon Oil
Mitsubishi Oil
Kyushu Oil
Nippon Mining
Kyodo Oil
Tonen
General Sekiyu
Esso Sekiyu
Mobil Sekiyu
Mitsui Oil
Kygnus Sekiyu
Taiyo Oil
Daikyo Oil
Maruzen Oil
Cosmo Oil
18 companies
in 1984
7 companies
in 2015
Further
reorganization
announced
8
The environment surrounding the
Japanese oil industry
The action of Japanese oil industry
Idemitsu’s domestic and international
activity
Closing remark
Contents
9
Strengthen domestic production platform
Aichi refinery
Hokkaido refinery
Chiba refinery and petrochemical plant
Tokuyama complex
High conversion refinery Integrated complex
Rationalization of refineries/petrochemical plant
Olefin center
Add the value to products
Secure safe and stable operation
Fully utilize resources
Enhance energy saving
Promote an effective staff training
3 refineries and 2 petrochemical plants
Reduce surplus capacity and maximize utilization
10
Fully utilize resources by integrated operation
To plant Utility Electricity, Steam
To refinery
By-Prod, Utility Gasoline base Hydrogen, Fuel gas
Aroma Solvent Olefin Resin
Shift to • Naphtha • LPG
From fuel to chemical;
Integration of Chiba refinery and plant
LNG
Crude oil Effluent oil
Sea water Partner -Chita LNG
To power plant
Idemitsu
Enhance energy saving by integration with partner
Discharge
Photo: Chita LNG & Idemitsu Aichi
Chita LNG
Idemitsu
Utilize waste cold sea water of partner’ s plant
Vaporizer
CDU
Sea water
Connect the pipeline
12
Effective staff training in training plant
Training plant
Idemitsu training plant
Trainee from overseas
⇒ Middle East : 800 people / Asia : 900 people
Control room Site Instructor’s DCS
(Dynamic simulator)
Set various condition
Modified from diesel HDS to training plant.
Realize various operating condition by
Dynamic simulator.
Input
(6,300 Idemitsu’s operators have had a training.)
Communication
13
＝Sales office : 17
＝Oil terminal : 18
Strengthen the sales network
・Retail site : around 4,000
Optimization of logistics
・Private coaster : 52
・Tank lorry : around 1,400
Emergency logistics system
Idemitsu’s supply network cover all over the country.
Securing stable supply including times of natural disaster.
Strengthen the stability of domestic supply network
14
Idemitsu’s Renewable Energy Business
＝Solar Power
＝Wind Power
Solar Power
Biomass Power
Wind Power
Geothermal Power
＝Biomass Power
＝Geothermal Power
15
Idemitsu’s international activities
Idemitsu is expanding the business in the growing market.
Expanding functional materials businesses
16
OLED materials Excellent color reproduction capability and
high-speed response to moving images.
Agri-Bio Environmentally friendly microbial products
to prevent crop disease.
16
Idemitsu’s unique products through the development of new technologies
Lubricants High-performance, environmentally friendly
products.
XAREC SPS(Syndiotactic Polystrene)
XAREC boasts remarkable heat and chemical resistance, as
well as superior dimensional stability, making it the preferred
SPS in many fields.
17
The environment surrounding the
Japanese oil industry
The action of Japanese oil industry
Idemitsu’s domestic and international
activity
Closing remark
Contents
18
Closing Remark : Our Vision
Stabilizing and strengthening our business
foundation in Japan
Expanding global petroleum business
and supporting Japan’s energy security
Promoting global growth strategies in the
functional material businesses
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