Cosmo Oil Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Yaichi Kimura, Capital: 62.4 billion yen) recently announced a plan to invest in a set of heavy oil cracking units for sophisticated oil refineries. Now, aiming at higher profitability, we have agreed with Taiyo Oil Co., Ltd. (Headquaters: Chiyoda-ku, Tokyo, President: Yutaka Oka, Capital: 400 million yen), which has also announced a plan to establish sophisticated refinery facilities, on the mutual use of our respective new facilities.
Details
1.Term of contract
From December 5, 2006 to March 31, 2014 (with a provision allowing automatic extension)
2.Description
Considerations for implementing the mutual use of our respective new facilities
- Seek higher added value by utilizing Cosmo Oil's new facilities for processing heavy oil fractions that are produced from a residue fluid catalytic cracking unit (RFCC), which is to be established by Taiyo Oil.
- Seek higher added value by utilizing Taiyo Oil's new facilities for processing light oil and naphtha fractions that are produced from a heavy oil cracking unit (coker) and a resolved gas oil distillate hydrodesulfurization unit, both of which are to be established by Cosmo Oil.
New facilities to be established by both companies
| Cosmo Oil Co., Ltd. Sakai Oil Refinery |
Taiyo Oil Co., Ltd. Shikoku Establishment |
|
|---|---|---|
| (1) | Heavy oil cracking unit (coker) Throughput: 25,000 barrels/day |
Residue fluid catalytic cracking unit (RFCC) Throughput: 25,000 barrels/day |
| (2) | Resolved gas oil distillate hydrodesulfurization unit Throughput: 25,000 barrels/day |
Gasoline desulfurization unit Throughput: 12,500 barrels/day |
| (3) | Naphtha hydrodesulfurization unit Throughput: 17,000 barrels/day |
