Nippon-Mitsubishi merger speeds overhaul of Japanese refining-marketing industry

The Negichi, Japan, refinery operated by Nippon Oil Co. Ltd. will be folded into the combined operations of Nippon Oil and Mitsubishi Oil Co. Ltd. when those two companies are merged this April. Photo courtesy of Nippon Oil. This resid fluid catalytic cracking unit is part of the Hokkaido refinery complex operated by Idemitsu Kosan Co. Ltd., which is struggling under a huge debt load and thus is seen as the most likely target for the next wave of consolidation occurring in Japan's refining-marketing sector. Photo courtesy of Idemitsu Kosan. [72,038 bytes] Japanese Oil Firms' Rationalization Plans [62,428 bytes] The restr...

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