TOKYO -- Idemitsu Kosan, Japan's second-largest oil wholesaler, has decided to shut down its refinery in Yamaguchi Prefecture by the end of March 2024, as the rise of more fuel-efficient vehicles cuts demand for gasoline, Nikkei has learned.
Energy
Japan's Idemitsu to slash oil refining capacity as cars go electric
Plan to shut down Yamaguchi refinery to be announced today, Nikkei learns
