Cosmo Oil Company: Difference between revisions
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{{Short description|Japanese petrochemical company}} |
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{{Infobox company |
{{Infobox company |
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|name = Cosmo |
| name = Cosmo Energy Holdings Co., Ltd. |
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|native_name = コスモ |
| native_name = コスモエナジーホールディングス株式会社 |
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|native_name_lang = ja |
| native_name_lang = ja |
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| romanized_name = Kosumo Enajī Hōrudingusu kabushiki gaisha |
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|logo_size = 260px |
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| logo_size = 260px |
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| image_size = 200px |
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([[United States dollar|US$]] 34.3 billion) (FY 2013) |
([[United States dollar|US$]] 34.3 billion) (FY 2013) |
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|net_income = {{increase}} JPY 4.34 billion (FY 2013) |
| net_income = {{increase}} JPY 4.34 billion (FY 2013) |
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(US$ 42.1 million) (FY 2013) |
(US$ 42.1 million) (FY 2013) |
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|num_employees = 1,837 (consolidated, as of March 31, 2014) |
| num_employees = 1,837 (consolidated, as of March 31, 2014) |
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| owner = Infinity Alliance Limited (20.76%) |
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|homepage = {{Official website|http://www.cosmo-oil.co.jp/eng/index.html}} |
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|footnotes = <ref>{{cite web |url=http://www.cosmo-oil.co.jp/eng/company/overview.html |title=Company Profile |publisher=Cosmo Oil |access-date=28 March 2015}}</ref> |
| homepage = {{Official website|http://www.cosmo-oil.co.jp/eng/index.html}} |
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| footnotes = <ref>{{cite web |url=http://www.cosmo-oil.co.jp/eng/company/overview.html |title=Company Profile |publisher=Cosmo Oil |access-date=28 March 2015}}</ref> |
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{{nihongo|'''Cosmo Oil Company, Limited'''|コスモ石油株式会社|Kosumo Sekiyu |
{{nihongo|'''Cosmo Oil Company, Limited'''|コスモ石油株式会社|Kosumo Sekiyu kabushiki gaisha}} is a Japanese [[petrochemical]] company. It is Japan's third-biggest refiner by sales after [[JXTG Holdings|JX Holdings]] and [[Idemitsu Kosan]].<ref name="RA">{{cite news |url=https://af.reuters.com/article/energyOilNews/idAFL4N0VF3ZY20150205 |archive-url=https://web.archive.org/web/20150402135303/http://af.reuters.com/article/energyOilNews/idAFL4N0VF3ZY20150205 |url-status=dead |archive-date=2 April 2015 |title=Japan's Cosmo Oil to set up holding firm in Oct |last1=Tsukimori |first1=Osamu |editor1-last=Sheldrick |editor1-first=Aaron |editor2-last=Nair |editor2-first=Sunil |work=Reuters Africa |date=5 February 2015 |publisher=[[Thomson Reuters]] |access-date=28 March 2015}}</ref> |
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==History== |
==History== |
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Cosmo traces its corporate roots to '''Maruzen Petroleum''' (丸善石油株式会社), a company established in 1931, although the oil business operated by Maruzen was originally established by Zenzo Matsumura in [[Kobe]] in 1907. |
Cosmo in Japan traces its corporate roots to '''Maruzen Petroleum''' (丸善石油株式会社), a company established in 1931, although the oil business operated by Maruzen was originally established by Zenzo Matsumura in [[Kobe]] in 1907. |
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Cosmo Oil Company was formed on April 1, 1986, through the merger of Maruzen Petroleum and Daikyo Petroleum, a group of oil businesses based in [[Niigata Prefecture]] which merged in 1939. |
Cosmo Oil Company was formed on April 1, 1986, through the merger of Maruzen Petroleum and Daikyo Petroleum, a group of oil businesses based in [[Niigata Prefecture]], which merged in 1939. |
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A major fire occurred at the Cosmo refinery in Ichihara as a result of the [[2011 Tōhoku earthquake and tsunami#Earthquake|2011 Tōhoku earthquake]].<ref>{{cite news |url=https://www.telegraph.co.uk/news/worldnews/asia/japan/8375497/Japan-earthquake-causes-oil-refinery-inferno.html |title=Japan earthquake causes oil refinery inferno |work=[[The Daily Telegraph |
A major fire occurred at the Cosmo refinery in Ichihara, as a result of the [[2011 Tōhoku earthquake and tsunami#Earthquake|2011 Tōhoku earthquake]].<ref>{{cite news |url=https://www.telegraph.co.uk/news/worldnews/asia/japan/8375497/Japan-earthquake-causes-oil-refinery-inferno.html |archive-url=https://web.archive.org/web/20110313123422/http://www.telegraph.co.uk/news/worldnews/asia/japan/8375497/Japan-earthquake-causes-oil-refinery-inferno.html |url-status=dead |archive-date=March 13, 2011 |title=Japan earthquake causes oil refinery inferno |work=[[The Daily Telegraph]] |location=London |date=11 March 2011 |access-date=12 March 2011}}</ref><ref>{{cite web |url=http://www.trust.org/alertnet/multimedia/pictures/detail.dot?mediaInode=50cde84c-27ff-443c-8ffc-1183be4ce4c2 |title=Natural gas storage tanks burn at Cosmo oil refinery in Ichihara city |work=Reuters AlertNet |publisher=[[Thomson Reuters]] |date=11 March 2011 |access-date=12 March 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20110314063504/http://www.trust.org/alertnet/multimedia/pictures/detail.dot?mediaInode=50cde84c-27ff-443c-8ffc-1183be4ce4c2 |archivedate=14 March 2011 }}</ref><ref name="OGJ">{{cite news |url=http://www.ogj.com/index/article-display/0223973745/articles/oil-gas-journal/general-interest-2/20100/march-2011/after-8_9_quake__explosion.html |title=After 8.9 quake, explosion hits pchem complex in Japan |first=Eric |last=Watkins |work=[[Oil & Gas Journal]] |publisher=[[PennWell|PennWell Corporation]] |location=Los Angeles |date=11 March 2011 |access-date=28 March 2015}}</ref> It was extinguished after ten days, injuring six people and destroying storage tanks<ref>{{cite web |url=http://www.cosmo-oil.co.jp/eng/information/110321/index.html |title=LPG Tanks Fire Extinguished at Chiba Refinery (5th Update) |date=21 March 2011 |publisher=Cosmo Oil |access-date=28 March 2015}}</ref> The ultimate cause was traced to the collapse of supports for [[Liquefied petroleum gas|LPG]] Tank 364, which had been filled with water and undergoing hydrostatic testing at the time the earthquake struck. The collapse fractured LPG pipes, releasing gas that then ignited, in turn igniting LPG in several adjacent tanks.<ref>{{Cite web | url=https://ceh.cosmo-oil.co.jp/eng/press/110802/ | title=Overview of the Fire and Explosion at Chiba Refinery, the Cause of the Accident and the Action Plan to Prevent Recurrence | author=Cosmo Oil Co., Ltd. | date=2011-08-02 | access-date=2017-10-25}}</ref> |
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In February 2015, the company said it will reorganize itself under a holding company to boost profitability.<ref name="RA"/> Also in 2015, in March, Cosmo Oil formed an LPG joint-venture by merging its LPG business with three other company's LPG units. The new company, named '''Gyxis Corporation''' |
In February 2015, the company said it will reorganize itself under a holding company to boost profitability.<ref name="RA"/> Also in 2015, in March, Cosmo Oil formed an LPG joint-venture, by merging its LPG business with three other company's LPG units. The new company, named '''Gyxis Corporation''', started effective operations on April 1, 2015.<ref>{{cite web |url=http://worldmaritimenews.com/archives/154473/japanese-companies-pool-lpg-sectors/ |title=Japanese Companies Pool LPG Sectors |date=12 March 2015 |publisher=World Maritime News |access-date=28 March 2015}}</ref> Along Cosmo, the other three shareholding companies are [[Showa Shell Sekiyu]], TonenGeneral Sekiyu, and [[Sumitomo Corporation]], all with 25% of the ownership.<ref>{{cite news |url=http://www.ihsmaritime360.com/article/17053/four-japanese-companies-form-an-lpg-importer |title=Four Japanese companies form an LPG importer |author=Crystal Chan |date=12 March 2015 |work=IHS Maritime 360 |publisher=[[IHS Inc.]] |access-date=28 March 2015 |archive-url=https://web.archive.org/web/20150402210854/http://www.ihsmaritime360.com/article/17053/four-japanese-companies-form-an-lpg-importer |archive-date=2 April 2015 |url-status=dead }}</ref> |
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==Refineries== |
==Refineries== |
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Cosmo operates three refineries, all of which are located in Japan:<ref name="ICIS">{{cite news |url=http://www.icis.com/resources/news/2012/08/28/9590235/japan-s-cosmo-oil-to-permanently-shut-sakaide-refinery-in-july-13/ |title= |
Cosmo operates three refineries, all of which are located in Japan:<ref name="ICIS">{{cite news |url=http://www.icis.com/resources/news/2012/08/28/9590235/japan-s-cosmo-oil-to-permanently-shut-sakaide-refinery-in-july-13/ |title=Japan's Cosmo Oil to permanently shut Sakaide refinery in July '13 |date=28 August 2012 |work=[[Reed Business Information#Data Services|ICIS]] |publisher=[[Reed Business Information]] |access-date=28 March 2015}}</ref> |
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Japan's Cosmo Oil to permanently shut Sakaide refinery in July '13 |date=28 August 2012 |work=[[Reed Business Information#Data Services|ICIS]] |publisher=[[Reed Business Information]] |access-date=28 March 2015}}</ref> |
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*[[Ichihara, Chiba]] (former Maruzen refinery): {{convert|220000|oilbbl/d|m3/d}} |
*[[Ichihara, Chiba]] (former Maruzen refinery): {{convert|220000|oilbbl/d|m3/d}} |
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*[[Sakai|Sakai, Osaka]] (former Maruzen refinery): {{convert|100000|oilbbl/d|m3/d}} |
*[[Sakai|Sakai, Osaka]] (former Maruzen refinery): {{convert|100000|oilbbl/d|m3/d}} |
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In August 2012, the company announced that it will close its [[Sakaide, Kagawa|Sakaide plant]] |
In August 2012, the company announced that it will close its [[Sakaide, Kagawa|Sakaide plant]] in southwest Japan.<ref>{{cite news |url=https://www.reuters.com/article/cosmo-sakaide-idUST9E8IB02G20120828 |title=Japan's Cosmo to close Sakaide refinery in July 2013 |last1=Tsukimori |first1=Osamu |editor1-last=Watson |editor1-first=Michael |date=28 August 2012 |work=[[Reuters]] |publisher=[[Thomson Reuters]] |access-date=28 March 2015}}</ref> The refinery, which was closed and turned into an oil terminal in July 2013,<ref name="ICIS"/> was a former Asia Oil refinery with a capacity of {{convert|120000|oilbbl/d|m3/d}}. |
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==Gallery== |
==Gallery== |
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{{Gallery|width=200|lines=4 |
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| File:Cosmo Oil explosion 2 20110311CROP.jpg|Explosion and fire at Cosmo refinery in Ichihara, Chiba, following the [[2011 Tōhoku earthquake and tsunami#Earthquake|2011 Tōhoku earthquake]] |
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| File:ISUZU GIGA, Cosmo gas, LPG tank trucks.jpg|A Cosmo [[Liquefied petroleum gas|LPG]] truck |
| File:ISUZU GIGA, Cosmo gas, LPG tank trucks.jpg|A Cosmo [[Liquefied petroleum gas|LPG]] truck |
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| File:Yōrō River and Port of Chiba 01.jpg|An aerial view north-west of the [[Port of Chiba]] (Cosmo Chiba refinery seen left of the river mouth)}} |
| File:Yōrō River and Port of Chiba 01.jpg|An aerial view north-west of the [[Port of Chiba]] (Cosmo Chiba refinery seen left of the river mouth)}} |
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==External links== |
==External links== |
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{{Portal bar|Japan|Chemistry|Energy|Companies}} |
{{Portal bar|Japan|Chemistry|Energy|Companies}} |
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{{ |
{{Commons category}} |
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*{{ |
*{{Official website}} {{in lang|en}} |
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{{2011 Tōhoku earthquake and tsunami}} |
{{2011 Tōhoku earthquake and tsunami}} |
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{{Authority control}} |
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[[Category:Oil companies of Japan]] |
[[Category:Oil companies of Japan]] |
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[[Category:Oil companies based in Tokyo]] |
[[Category:Oil companies based in Tokyo]] |
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[[Category:Companies listed on the Tokyo Stock Exchange]] |
[[Category:Companies listed on the Tokyo Stock Exchange]] |
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[[Category:Retail companies established in 1986]] |
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[[Category:Energy companies established in 1986]] |
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[[Category:Non-renewable resource companies established in 1986]] |
[[Category:Non-renewable resource companies established in 1986]] |
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[[Category: |
[[Category:Japanese companies established in 1986]] |
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[[Category:Automotive fuel retailers]] |
[[Category:Automotive fuel retailers]] |
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[[Category:Japanese brands]] |
[[Category:Japanese brands]] |
Latest revision as of 18:55, 18 May 2024
Native name | コスモエナジーホールディングス株式会社 |
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Romanized name | Kosumo Enajī Hōrudingusu kabushiki gaisha |
Company type | Public KK |
TYO: 5021 | |
Industry | Oil and gas |
Founded | merger of Maruzen Petroleum and Daikyo Petroleum (April 1, 1986 ) |
Headquarters | Shibaura, Minato, Tokyo, Japan |
Key people | Yaichi Kimura (Chairman) Keizo Morikawa (President and CEO) |
Products | |
Services | Filling stations |
Revenue | JPY 3,537 billion (FY 2013) (US$ 34.3 billion) (FY 2013) |
JPY 4.34 billion (FY 2013) (US$ 42.1 million) (FY 2013) | |
Owner | Infinity Alliance Limited (20.76%) |
Number of employees | 1,837 (consolidated, as of March 31, 2014) |
Website | Official website |
Footnotes / references [1] |
Cosmo Oil Company, Limited (コスモ石油株式会社, Kosumo Sekiyu kabushiki gaisha) is a Japanese petrochemical company. It is Japan's third-biggest refiner by sales after JX Holdings and Idemitsu Kosan.[2]
History
[edit]Cosmo in Japan traces its corporate roots to Maruzen Petroleum (丸善石油株式会社), a company established in 1931, although the oil business operated by Maruzen was originally established by Zenzo Matsumura in Kobe in 1907.
Cosmo Oil Company was formed on April 1, 1986, through the merger of Maruzen Petroleum and Daikyo Petroleum, a group of oil businesses based in Niigata Prefecture, which merged in 1939.
A major fire occurred at the Cosmo refinery in Ichihara, as a result of the 2011 Tōhoku earthquake.[3][4][5] It was extinguished after ten days, injuring six people and destroying storage tanks[6] The ultimate cause was traced to the collapse of supports for LPG Tank 364, which had been filled with water and undergoing hydrostatic testing at the time the earthquake struck. The collapse fractured LPG pipes, releasing gas that then ignited, in turn igniting LPG in several adjacent tanks.[7]
In February 2015, the company said it will reorganize itself under a holding company to boost profitability.[2] Also in 2015, in March, Cosmo Oil formed an LPG joint-venture, by merging its LPG business with three other company's LPG units. The new company, named Gyxis Corporation, started effective operations on April 1, 2015.[8] Along Cosmo, the other three shareholding companies are Showa Shell Sekiyu, TonenGeneral Sekiyu, and Sumitomo Corporation, all with 25% of the ownership.[9]
Refineries
[edit]Cosmo operates three refineries, all of which are located in Japan:[10]
- Ichihara, Chiba (former Maruzen refinery): 220,000 barrels per day (35,000 m3/d)
- Yokkaichi, Mie (former Daikyo refinery): 175,000 barrels per day (27,800 m3/d)
- Sakai, Osaka (former Maruzen refinery): 100,000 barrels per day (16,000 m3/d)
In August 2012, the company announced that it will close its Sakaide plant in southwest Japan.[11] The refinery, which was closed and turned into an oil terminal in July 2013,[10] was a former Asia Oil refinery with a capacity of 120,000 barrels per day (19,000 m3/d).
Gallery
[edit]-
A Cosmo service station in Taitō
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A Cosmo LPG truck
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An aerial view north-west of the Port of Chiba (Cosmo Chiba refinery seen left of the river mouth)
See also
[edit]- Cosmo Oil Yokkaichi F.C., former football club, originally owned by the Daikyo refinery.
References
[edit]- ^ "Company Profile". Cosmo Oil. Retrieved 28 March 2015.
- ^ a b Tsukimori, Osamu (5 February 2015). Sheldrick, Aaron; Nair, Sunil (eds.). "Japan's Cosmo Oil to set up holding firm in Oct". Reuters Africa. Thomson Reuters. Archived from the original on 2 April 2015. Retrieved 28 March 2015.
- ^ "Japan earthquake causes oil refinery inferno". The Daily Telegraph. London. 11 March 2011. Archived from the original on March 13, 2011. Retrieved 12 March 2011.
- ^ "Natural gas storage tanks burn at Cosmo oil refinery in Ichihara city". Reuters AlertNet. Thomson Reuters. 11 March 2011. Archived from the original on 14 March 2011. Retrieved 12 March 2011.
- ^ Watkins, Eric (11 March 2011). "After 8.9 quake, explosion hits pchem complex in Japan". Oil & Gas Journal. Los Angeles: PennWell Corporation. Retrieved 28 March 2015.
- ^ "LPG Tanks Fire Extinguished at Chiba Refinery (5th Update)". Cosmo Oil. 21 March 2011. Retrieved 28 March 2015.
- ^ Cosmo Oil Co., Ltd. (2011-08-02). "Overview of the Fire and Explosion at Chiba Refinery, the Cause of the Accident and the Action Plan to Prevent Recurrence". Retrieved 2017-10-25.
- ^ "Japanese Companies Pool LPG Sectors". World Maritime News. 12 March 2015. Retrieved 28 March 2015.
- ^ Crystal Chan (12 March 2015). "Four Japanese companies form an LPG importer". IHS Maritime 360. IHS Inc. Archived from the original on 2 April 2015. Retrieved 28 March 2015.
- ^ a b "Japan's Cosmo Oil to permanently shut Sakaide refinery in July '13". ICIS. Reed Business Information. 28 August 2012. Retrieved 28 March 2015.
- ^ Tsukimori, Osamu (28 August 2012). Watson, Michael (ed.). "Japan's Cosmo to close Sakaide refinery in July 2013". Reuters. Thomson Reuters. Retrieved 28 March 2015.
External links
[edit]- Official website (in English)
- Oil companies of Japan
- Petrochemical companies
- Chemical companies based in Tokyo
- Oil companies based in Tokyo
- Companies listed on the Tokyo Stock Exchange
- Retail companies established in 1986
- Energy companies established in 1986
- Non-renewable resource companies established in 1986
- Japanese companies established in 1986
- Automotive fuel retailers
- Japanese brands
- Midori-kai