Nippon Oil
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- Not to be confused with Eunos.
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| Type | Public KK (TYO: 5001) |
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| Founded | 1888 |
| Headquarters |  Tokyo, Japan |
| Key people | Fumiaki Watari, Chairman Shinji Nishio, President |
| Industry | Oil and Gasoline |
| Products | Oil Petroleum Petrochemical Fuel |
| Revenue | ▲ ¥ 7,523.990 billion JPY (FY 2007) |
| Net income | ▲ ¥ 148.306 billion JPY (FY 2007) |
| Employees | 13,290 (2007) |
| Website | www.eneos.co.jp |
The Nippon Oil Corporation (新日本石油株式会社 Shin Nihon Sekiyu Kabushiki-gaisha, TYO: 5001), or NOC or Shin-Nisseki (新日石) is a Japanese petroleum company. Its businesses include the exploration, importation, and refining of crude oil; the manufacture and sale of petroleum products, including fuels and lubricants; and other energy-related activities.
Its products are sold under the brand name ENEOS, which is also the name used for its service stations. It is the largest oil company in Japan, and in recent years it has been expanding its operations in other countries.
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[edit] History
The company was established 1888 as the "Nippon Oil" (日本石油 Nihon Sekiyu), "Nisseki" (日石) for short. In 1999, the company merged with and absorbed the former "Mitsubishi Oil" (三菱石油 Mitsubishi Sekiyu). The merged company was called "Nippon Mitsubishi Oil" (日石三菱 Nisseki Mitsubishi) until 2002, when it adopted its present name.
[edit] Worldwide operations
The company has world wide locations including NOC U.S.A., Ltd. in Itasca, Illinois, and Nippon Oil Lubricants (America), LLC, in Childersburg, Alabama. ENEOS has brought their premium brand motor oil into the United States recently. The product line includes the extremely difficult to formulate 0W-50 viscosity oil.
NOC employs over 4,222 people with additional employees from oversea divisions, and operates the following refineries throughout Japan:
- Muroran Refinery (Nippon Petroleum Refining Co., Ltd.)
- Sendai Refinery (NPRC)
- Yokohama Refinery (NPRC)
- Negishi Refinery (NPRC)
- Mizushima Refinery (NPRC)
- Osaka Refinery (NPRC)
- Marifu Refinery (NPRC)
Nippon Oil Exploration also owns a 5% share of Syncrude, a Canadian oil sands mining company, through its fully owned subsidiary Mocal Energy.[1]
[edit] Environmental Record
While developing the Rang Don Oil Field and Helang Gas Field NOEX, part of the Nippon Oil Corporation, conducted environmental impact assessments. These assessments helped them implement management plans based on the results of the assessments, specifically, how to reduce the impact of the fields on surrounding sea areas.[2]
In 2005 Nippon Oil and Ebara-Ballard announced they were going to start field testing a 1 kW household proton-exchange membrane fuel cell system that uses coal oil as fuel. It was the world's first household test with the system. The system achieves a greater power-generation efficiency than normal heating. The system can operate in temperatures as low as -10 deg C. [3]
In 2007 Nippon Oil was the recipient of the Nippon Keidanren Chairman’s Prize in recognition of its achievements in a number of areas. They were the first in the Japanese petroleum industry to achieve a zero emission status at their refineries. They are also developing fuel cell systems as well as producing and selling sulfur-free fuel. The Rang Dong Oil Field in also one of the biggest CO2 reduction projects in the world. The project utilizes associated gas produced along with crude oil for additional energy production. [4]
[edit] Sponsorship
Nippon Oil was formerly a sponsor of the Honda Racing F1 Team and is a current sponsor of the F.C. Tokyo football club. It also sponsors other motor sports teams, such as D1 Grand Prix competitors Team Orange and Ken Nomura's Blitz Skyline. In the late 1980s and early 1990s JSPC, it sponsored the Trust Racing Team Porsche.[5]
[edit] References
- ^ "Activities in Canada". Nippon Oil Exploration. http://www.noex.co.jp/english/activity/others/canada/index.html. Retrieved 2009-02-17.
- ^ "Nippon Oil Measures to Protect the Environment"
- ^ "Nippon Announces Fuel Cell"
- ^ "Nippon Oil Award"
- ^ http://www.youtube.com/watch?v=vXS6TXIuc7w&feature=related
[edit] External links
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