Japan’s second-biggest oil refiner, Idemitsu Kosan Co Ltd, said on Monday it will turn the Yamaguchi refinery into a hub of carbon-free energy such as solar power and hydrogen by the 2030s.
The news that was reported by Reuters agency has no details on how the refinery which is based in western Japan will be handled.
The Yamaguchi refinery has a crude oil processing capacity of 120,000 barrels-per-day. The company wants to make it a green energy hub, including resource recycling and technology development.
However, Reuters reported that it will continue to be a receiving, shipping and stockpiling terminal for petroleum products even after terminating refining operations.
Idemitsu said in 2022, that it would end refining operations at the Yamaguchi plant, owned by its subsidiary Seibu Oil, by March 2024 to cut its refining capacity.
