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Idemitsu Apollo Corporation history
Idemitsu Apollo Corporation company history timeline
1973: Hokkaido Refinery is completed.
1975: Aichi Refinery is completed.
In 1976, Idemitsu Japan Sea Oil Development Co.
In 1979 the Idemitsu Geothermal Development Co.
1979 Idemitsu begins supplying lubricant products in the United States.
In 1980, imports of coal from Australia began and the Coal Cartridge System (CCS) was developed to supply coal for small users.
Kimoto, Seiji, Story of Idemitsu Sazou, Tokyo: Nikkan Shobo, 1982.
Ltd. started oil and gas drilling in the offshore field of Niigata Prefecture, beginning commercial production in 1984.
After 1985, as a result of the “reverse oil shock,” the price of oil declined rapidly, and some of Idemitsu’s alternative energy resources development projects lost their economic effectiveness.
The Chiba Bulk Terminal was built in 1986.
Passed in 1986, this was the Special Petroleum Law.
1986: Company begins to acquire coal mining interests in Australia.
Okabe, Akira, History of Industries in the Showa Era (Volume III), Tokyo: Nippon Hyoron Sha, 1986.
In 1987 Idemitsu began to develop an oil field in southeast Turkey with the Finnish company Neste Oy.
In 1989 Idemitsu acquired 10 percent ownership of two concessions of the Snorre oil field in the Norwegian sector of the North Sea.
The History of Nippon Sekiyu, Tokyo: Nippon Sekiyu K.K., 1990.
Takakura Shuji, A Biography of Idemitsu Sazou, Tokyo: President Publishing Co., 1990.
In 1991, the company opened its first stations in Portugal.
As the result of trial bowling—test drilling to estimate the total amount of deposits available—the uranium deposits at Cigar Lake were estimated at 192,500 tons, and mining operations were to begin in 1991.
Committed to providing innovative solutions to United States companies Idemitsu Lubricants America Corporation (ILA) was founded in 1991 as Apollo America Corporation, a 100% subsidiary of Idemitsu Kosan.
The company had already introduced a gasoline brand that reduced benzene content to less than 1 percent in 1993--three years before Japan even passed regulations restricting Benzene.
In the spring of 1998, the company also introduced a low energy-consumption engine oil, ZEPRO Mile-Stage SJ.
In 1999, Nippon Oil Co. and Mitsubishi Oil Co., Japan’s second and sixth largest oil companies, agreed to merge.
Relief from that debt might ultimately take the form of a public offering, according to the May 25, 2000 Asia Times Online.
In March 2002, the company acquired the rights to develop offshore oil fields in Norway’s North Sea.
While no further news of an IPO surfaced, Idemitsu continued to pursue expansion opportunities. It planned to begin production in 2003.
In 2006 Apollo America changed its name to Idemitsu Lubricants America to unify the Idemitsu name around the world.
July 2016 Idemitsu Research & Development Center opens in Wixom, Michigan; features state-of-the-art equipment that allows for cutting-edge product development.
August 2016 Idemitsu 0W-20 becomes first engine oil to receive dexos-1™ GM approval.
August 2017 Idemitsu and ZEPRO fully synthetic motor oils begin distribution on Amazon.com in North America.
May 2020 Idemitsu 0W-16 Synthetic Oil launches in the United States Entire line of Idemitsu Synthetic Oils meet latest SP/GF-6 standards.
"Idemitsu Kosan Co., Ltd. ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/idemitsu-kosan-co-ltd
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