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January 28, 2004 |
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Cosmo Oil Co., Ltd. |
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Public Relations Office |
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Construction of an LNG Terminal at the Sakaide Refinery
Since February 2003, Cosmo Oil Co., Ltd. (Head Office: Minato-ku, Tokyo; Chairman and CEO: Keiichiro Okabe) has been studying the feasibility of the construction of an LNG (liquefied natural gas) terminal within the site of its Sakaide Refinery (Sakaide-shi, Kagawa Prefecture; Head: Yoshikatsu Suematsu) in cooperation with Shikoku Electric Power Co., Inc. (Head Office: Takamatsu-shi, Kagawa Prefecture; President: Atsushi Onishi).
Shikoku Electric Power Co., Inc., Shikoku Gas Co., Ltd. and Cosmo Oil Co., Ltd. have agreed to establish a joint company and to construct an LNG terminal within the site of the Sakaide Refinery.
Outline of the LNG terminal plan
(1)Facilities
| Construction site: |
Sakaide Refinery of Cosmo Oil Co., Ltd. |
| Terminal area: |
Approximately 70,000 m² [The existing three tanks for crude oil (130,000 kL x 3) will be removed.] |
| Main equipment: |
Above-ground LNG tank x 1 (180,000 kL), gasification equipment, equipment for shipment by tank truck |
| Unloading equipment: |
Berth No. 1 (Cosmo′s berth to unload crude oil with a capacity of 300,000 DWT) will be improved to receive LNG carriers. |
(2)Operation of the LNG terminal
| Operation entity: |
An LNG terminal company that will be jointly established by Shikoku Electric Power, Shikoku Gas, and Cosmo will operate the LNG terminal. The formal name of the company has not been determined yet. |
| Content of the operation: |
Construction of an LNG terminal, the unloading of LNG, storage, gasification, and expenditure |
(3)Schedule
| June 2004 (planned): |
Establishment of the LNG terminal company, the launch of environmental assessment |
| 2006: |
Launch of construction |
| 2010: |
Launch of operation |
As Cosmo Oil stated in its press release entitled ″Environmental measures and the optimization of refinement capacity″ in June 2003, it is aiming for no-emission of sulfur at its Sakaide Refinery by utilizing existing equipment and reducing the capacity of refinement by 30,000 BD, from 120,000 to 90,000 BD. By combining these measures with the plan to construct the LNG terminal organically, Cosmo Oil will strengthen its cost competitiveness and create a comprehensive energy platform.
In the field of electric power, Cosmo Oil has been developing IPP (independent power production) and heat and power sales in Yokkaichi City. At the same time, in the field of LNG, Cosmo Oil has been developing its business through LNG Chubu Co., Ltd.*1 and LNG Sakai Co., Ltd.*2
Cosmo Oil will develop its business steadily to meet the need of the next generations as a comprehensive energy company, including the operation of hydrogen stations and the demonstration of GTL (gas to liquid) technology.
*1 Joint company established with Chubu Electric Power Co., Inc. and other companies
*2 Joint company established with Kansai Electric Power Co., Inc. and other companies
Reference 1: Location
Reference 2: Outline of the Sakaide Refinery
| Location: |
1-1, Bannosumidori-cho, Sakaide-shi, Kagawa Prefecture |
| Plant area: |
798,700 m² (*1) |
Main refinery equipment:
| Atmospheric distillation unit |
120,000 bl/day (*2) |
| Fluid catalytic cracking unit |
19,000 bl/day |
| Catalytic reformer |
14,000 bl/day |
| Direct desulfurization unit |
30,000 bl/day (*2) |
Storage equipment:
| Crude oil tanks |
11 tanks 1,070,000 kL (*3) |
| Product/semifinished product tanks |
67 tanks 980,060 kL |
| LPG tanks |
13 tanks 50,400 kL |
Port facilities:
| Berth for unloading crude oil |
1 300,000 DWT (*4) |
| Berths for shipment |
1 75,000 DWT
3 5,000 DWT
1 3,300 DWT
1 3,000 DWT |
*1: An area of approximately 70,000 m2 will be converted for the site of the LNG terminal.
*2: The capacity of refinement will be reduced by 30,000 barrels, and the direct desulfurization unit will be converted to an indirect desulfurization unit from this spring.
*3: Three tanks (390,000 kL: 130,000 kL x 3) will be removed in order to secure the site for the LNG terminal.
*4: Improvement will be carried out so that VLCCs (very large crude carriers) and LNG carriers can be docked.
