TOKYO -- Japanese oil refiner Idemitsu Kosan will invest 190 billion yen ($1.36 billion) to establish infrastructure for sustainable aviation fuel and imported ammonia as it shifts toward becoming a reliable supplier of greener energy.
The petroleum group, anticipating falling demand for fuel, also intends to slash its oil refinery capacity. The commitments were outlined Wednesday in Idemitsu's three-year business plan taking effect in April.
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