Japan Petroleum Exploration Co., Ltd. - Notice Concerning establishment of 'KASHIWAZAKI Ideal & Realistic Energy, Inc.'
March 31, 2022 at 10:28 am EDT
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Kashiwazaki City, INPEX CORPORATION, PACIFIC POWER CO., LTD., Japan Petroleum Exploration Co., Ltd., HOKURIKU GAS CO., LTD, UEKI CORPORATION, Daishi Hokuetsu Bank, Ltd, BOURBON CORPORATION and Kashiwazaki Shinkin Bank today announced they have established 'KASHIWAZAKI Ideal & Realistic Energy, Inc.' (hereinafter 'the company') through a joint investment.
The company will commence its electricity sales business by September 2022 as a regional energy company in Kashiwazaki City in Niigata Prefecture, Japan. The company will aim to establish a sustainable energy business in the region through creating an environment where businesses and the public can utilize low-carbon energy, including renewable energy and next-generation energy. The company also seeks to become a core player in the regional environment and energy industry.
In the future, the company will develop a full-fledged low-carbon power supply business in the Kashiwazaki area. The company will also aim to supply stable, low carbon energy to the Greater Tokyo Area using storage batteries, etc. by connecting into submarine power lines and the Greater Tokyo Area/regional power grid. The company will also contribute to the realization of the energy policies and decarbonization policies promoted by the Japanese government.
Japan Petroleum Exploration Co., Ltd. is a company principally involved in crude oil and natural gas related business. The Company operates in four geological segments. The Japan segment involves in the exploration, development, production, purchase, sale, transportation of crude oil and natural gas, the production, purchase, sale, transportation of petroleum products, as well as contracting work of mining wells. The North America segment involves in exploration, development, production, purchase and sale of crude oil, natural gas, as well as bitumen which is super heavy oil collected from the oil sand layer in North America. The Europe segment involves in the exploration of crude oil and natural gas in Europe. The Middle East segment involves in the exploration, development and production of crude oil and natural gas in Middle East.
JAPAN PETROLEUM EXPLORATION CO., LTD. 
