Idemitsu Kosan Co (JP:5019) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Idemitsu Kosan Co. is advancing its Sustainable Aviation Fuel (SAF) project, moving from the feasibility study phase to front-end engineering and design at its Tokuyama Complex, with plans to start producing 250,000 kiloliters of SAF annually by FY2028. The company targets a domestic supply of 500,000 kiloliters per year by 2030, contributing to Japan’s goal of replacing 10% of its airline fuel with SAF. The SAF will be produced using various oils and fats, including waste cooking oil and materials like pongamia, to significantly reduce greenhouse gas emissions.
For further insights into JP:5019 stock, check out TipRanks’ Stock Analysis page.