
Location: Tokyo City, Tokyo, Japan
Founded: 1888
Key People:
Fumiaki Watari (CEO)
Shinji Nishio (President)
Employees: 13,290
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The company was established 1888 as the "Nippon Oil" (日本石油, Nihon Sekiyu), or "Nisseki" (日石) for short. In 1999, the company merged with and absorbed the former "Mitsubishi Oil" (三菱石油, Mitsubishi Sekiyu). The merged company was called "Nippon Mitsubishi Oil" (日石三菱, Nisseki Mitsubishi) until 2002, when it adopted its present name.
In 2005 Nippon Oil and Ebara-Ballard announced they were going to start field testing a 1 kW household proton-exchange membrane fuel cell system that uses coal oil as fuel. It was the world's first household test with the system. The system achieves a greater power-generation efficiency than normal heating. The system can operate in temperatures as low as -10 deg C.
In 2007 Nippon Oil was the recipient of the Nippon Keidanren Chairman's Prize in recognition of its achievements in a number of areas. They were the first in the Japanese petroleum industry to achieve a zero emission status at their refineries. They are also developing fuel cell systems as well as producing and selling sulfur-free fuel. The Rang Dong Oil Field is also one of the biggest CO2 reduction projects in the world. The project utilizes associated gas produced along with crude oil for additional energy production. In racing, they are quite known for the Eneos brand which has seen their famous orange and red paint schemes on many cars and also making their way to iRacing.