Shift toward high-value-added petrochemical products, centered on HCP
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2017. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「The company concluded that transferring all shares of HCP to HDO would be optimal for both companies.」
The transition to higher-value-added petrochemical products centered on HCP advanced to a stage of withdrawing from the previous ownership and operating structure through the transfer of all HCP shares and the withdrawal from the paraxylene manufacturing business. - FY2025-H1ReframedAnnual report
「As these conditions worsened HCP's earnings environment, with no improvement expected in the near term, the company held repeated discussions with HDO to improve HCP's earnings structure. It concluded that transferring all shares of HCP held by Cosmo Oil Co., Ltd. to HDO would be optimal for both companies.」
The initiative to add value to petrochemicals centered on HCP shifted away from the previous joint-ownership structure through the transfer of all HCP shares to HDO. At the same time, the company stated that it would continue to operate its refineries flexibly, including incorporating sales of petrochemical feedstocks and gasoline production. - FY2022Partial Facility Start-Up and Change in Commercialisation TimingAnnual report
「The propylene splitter jointly constructed by Maruzen Petrochemical Co., Ltd. and Cosmo Oil Co., Ltd. to add value to basic chemicals began operating in May 2022. In addition, the hydrogenated petroleum resin production facility at Chiba Arcon Manufacturing Co., Ltd., a joint venture between ARAKAWA CHEMICAL INDUSTRIES,LTD. and the group, is scheduled to begin operating in fiscal 2022.」
The propylene splitter progressed to a start of operations in May 2022, while the hydrogenated petroleum resin production facility was stated to be scheduled to begin operating in fiscal 2022, resetting the timing from the previous commercialisation schedule. - FY2021AdvancedAnnual report
「Construction of the hydrogenated petroleum resin facility operated by ARAKAWA CHEMICAL INDUSTRIES,LTD. and the group was completed in December 2020, and commercialisation is planned for fiscal 2021. The propylene splitter being jointly constructed with Maruzen Petrochemical Co., Ltd. to add value to basic chemicals is also scheduled to begin operation in fiscal 2021.」
Construction of the hydrogenated petroleum resin facility was completed in December 2020, with commercialisation planned for fiscal 2021. The propylene splitter also progressed to a planned start of operations in fiscal 2021. - FY2020AdvancedAnnual report
「Production capacity is expected to be 20,000 tonnes per year, making it one of the largest production facilities in Japan.」
A groundbreaking ceremony was held for the hydrogenated petroleum resin facility, with completion targeted for the end of 2020, and the plan advanced toward an expected annual production capacity of 20,000 tonnes. Specific investments, including a propylene splitter, were also announced. - FY2018AdvancedAnnual report
「The company aims to capture and deepen synergies between petroleum refining and petrochemicals, including the use of previously unused fractions, strengthen the competitiveness of basic products, and expand new businesses in functional products that are less affected by market conditions.」
The means of integrating refining and chemicals operations have been made more specific: using previously unused fractions, strengthening the competitiveness of basic products, and expanding new businesses in functional products. - FY2017AdvancedAnnual report
「In the petrochemicals business, the company is working to develop a specific joint business in hydrogenated petroleum resins with Maruzen Petrochemical Co., Ltd. and ARAKAWA CHEMICAL INDUSTRIES,LTD. It is also considering the promotion of integration between petroleum refining and petrochemicals in the Chiba area with the support of external consultants, and will further strengthen competitiveness by creating synergies within the group.」
Specific initiatives to add value and create synergies were added, including developing the hydrogenated petroleum resins joint business and considering refining and chemicals integration in the Chiba area with the support of external consultants. - FY2016First statedAnnual report
「With HCP at the core, the company aims to expand earnings by converting fuel oil and gas fractions into higher-value-added petrochemical products, while continuing to promote energy conservation and rationalisation.」
Against the backdrop of Asian demand, mixed xylene and paraxylene operations are positioned as the core of the move toward higher value added.