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Eneos

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Eneos Corporation
Formerly
  • Nippon Oil Corporation (1888–2010)
  • JXTG Nippon Oil & Energy Corporation (2010–2020)
Company typeSubsidiary
IndustryOil and gasoline
FoundedMay 10, 1888;136 years ago(1888-05-10)
HeadquartersTokyo, Japan
Key people
Fumiaki Watari, CEO
Shinji Nishio, President
ProductsPetroleum
Petrochemical
Fuel
RevenueIncrease¥ 7,523.990 billionJPY(FY2008)
Increase¥ 148.306 billionJPY(FY2008)
Number of employees
13,290 (2007)
ParentENEOS Holdings
Websiteeneos.co.jp

Eneos Corporation(ENEOS kabushiki gaisha,ENEOSU kabushiki gaisha),formerlyJXTG Nippon Oil & Energy Corporation(JXTGエネルギー kabushiki gaisha,JXTG Enerugī Kabushiki-gaisha),orNOCorShin-Nisseki( tân ngày thạch ) is a Japanesepetroleumcompany. Its businesses include exploration, importation, and refining of crude oil; the manufacture and sale of petroleum products, including fuels and lubricants; and other energy-related activities. It is the largest oil company in Japan, and in recent years it has been expanding its operations in other countries.

Its products are sold under the ENEOS brand, which is also used for service stations. It also previously operated service stations under theEssoandMobilbrands under license fromExxonMobil.In 2019, as a result of JX Holdings' merger with TonenGeneral Group in 2017 to formJXTG Holdings,both brands were phased out in favour of ENEOS EneJet.[1]

History

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The company was established 1888 as the "Nippon Oil"(Nhật Bản dầu mỏ,Nihon Sekiyu),or "Nisseki" ( ngày thạch ) for short. In 1999, the company merged with and absorbed the former "Mitsubishi Oil"(Tam lăng dầu mỏ,Mitsubishi Sekiyu).The merged company was called "Nippon Mitsubishi Oil"(Ngày thạch tam lăng,Nisseki Mitsubishi)until 2002, when it was renamed back to Nippon Oil Corporation. In 2010, NOC merged withNippon Miningto formJX Holdings,and Nippon Oil was renamed JX Nippon Oil & Energy. In 2017, JX and TonenGeneral were merged into JXTG Holdings. The company's name was slightly modified to JXTG Nippon Oil & Energy. In 2020, JXTG Nippon Oil & Energy adopted its current name.

Worldwide operations

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An ENEOS service station in Japan
An ENEOS filling station near Mount Fuji in Japan
An Eneos EneJet petrol station.

The company has worldwide locations including JX Nippon Oil & Energy USA Inc. inSchaumburg, Illinois,Torrance, California,and Nippon Oil Lubricants (America),LLC,inChildersburg, Alabama.They have brought their premium brand motor oil ENEOS and SUSTINA into the United States recently. The product line includes the extremely difficult to formulate 0W-50viscosityoil. New line of premium full synthetic motor oil SUSTINA is now available in the United States.

NOC employs over 5,500 people, with additional employees from oversea divisions, and operates the following refineries throughout Japan:

Nippon Oil Exploration owns a 5% share ofSyncrude,a Canadianoil sandsmining company, through its fully owned subsidiary Mocal Energy.[2]

The company also has technical collaboration with Tide Water Oil Co., an Indian petroleum products manufacturer. Superior quality lubricants under the brand name ENEOS are manufactured and marketed in India by Tide Water Oil Co.[3]

2011 earthquake and tsunami

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On 11 March 2011, a 145,000-barrel-per-day refinery inSendaiwas set ablaze by theTōhoku earthquake.[4]Workers were evacuated,[5]but tsunami warnings hindered efforts to extinguish the fire until 14 March, when officials planned to do so.[4]

Environmental record

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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.[6]

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 usescoal oilas 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.[7]

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 is also one of the biggest CO2reduction projects in the world. The project utilizes associated gas produced along with crude oil for additional energy production.[8]

Sponsorship

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2013 Sakura Matsuri Festival (Washington, D.C.)

Nippon Oil is a current sponsor of theF.C. Tokyofootballclub.[9]

It has also sponsored several motor sports teams, such as Team Lexus LeMans ENEOS SC430 in the Japanese Super GT series in the GT500 class. In the late 1980s and early 1990sJSPC,it sponsored theTrust Racing TeamPorsche.[10]From 2005 to 2008, ENEOS sponsored theFormula Oneprogram ofHonda,withBritish American Racingin 2005,Honda Racing F1from 2006 to 2008, andSuper Agurifrom 2006 to 2007. Since 2014, the Eneos brand has been featured onKyle Larson's #42Chevrolet Camaroin theNASCAR Xfinity Seriesin select races. They also sponsorAkinori Ogatain theNASCAR Camping World Truck Serieswhen he drives the 63 forMB Motorsports.He drove the 63 truck in 2015 and 2016. ENEOS is currently a sponsor ofMonster Energy YamahaMotoGPteam as a fuel and lubricants supplier since 2012 season and also supplying fuel and lubricants forPata Yamaha with Brixx WorldSBKWorld Superbiketeam since 2016 season.

The company also currently sponsors the1000km of Palangaendurance race inLithuania.

References

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  1. ^"Gas station merger will end Esso and Mobil's long run in Japan".Nikkei Asian Review.Retrieved2018-12-04.
  2. ^"Activities in Canada".Nippon Oil Exploration. Archived fromthe originalon 2009-02-26.Retrieved2009-02-17.
  3. ^"Activities in India with Tide Water Oil Co".Archived fromthe originalon 2010-01-03.
  4. ^abFernandez, Clarence (14 March 2011)."Japan's shipping, energy sectors begin march back from quake".Reuters.Archivedfrom the original on 16 March 2011.Retrieved14 March2011.
  5. ^Tsukimori, Osamu; Negishi, Mayumi (11 March 2011)."JX refinery fire seen originated from shipping facility".Reuters.Archivedfrom the original on 15 March 2011.Retrieved14 March2011.
  6. ^"Nippon Oil Measures to Protect the EnvironmentArchived2008-04-19 at theWayback Machine"
  7. ^"Nippon Announces Fuel CellArchived2007-10-09 at theWayback Machine"
  8. ^"Nippon Oil Award"
  9. ^"FC Đông Kinh オフィシャルホームページｌF.C.TOKYO".fctokyo.co.jp(in Japanese).Retrieved2020-03-25.
  10. ^The YouTube account associated with this video has been terminated due to multiple third-party notifications of copyright infringement.youtube.Archived fromthe originalon July 7, 2015.
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