Posts for Ticker ‘SWSKF’

Japanese Refiner Going Green? (SWSKF, RDS-A, BP, FSLR)

solar-panel-picJapan’s fifth-largest oil refiner, Showa Shell Sekiyu (Pink Sheets:SWSKF), is partially owned by Royal Dutch Shell (NYSE:RDS-A) and Saudi Aramco, the Saudi Arabian national oil company, which hold 35% and 15% respectively. According to Reuters, the company plans to split an investment of $3.38 billion over the next five years equally between new oil projects and increasing the company’s solar capacity from 80 megawatts to 1,000 megawatts. The goal is to get the solar business to generate half the company’s profit by 2014.
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Posted on: May 26, 2009 – 9:32 am in ADR, Alternative Energy, Green Biz, Oil & Gas, , , ,