Committed to a Sustainable Future
Idemitsu Australia has been operating in Australia for more than 45 years, as a subsidiary of Japanese company Idemitsu Kosan Co., Ltd.
We are proud to invest in sustainable energy development and are currently exploring the diverse natural resources of sunlight, water, wind, waves, geothermal heat and biofuels to assess renewable energy development. The company has set ambitious climate targets which include reducing carbon emissions by 7.3 million tons (46%) from 2013 to 2030 on a pathway to reaching carbon neutrality by 2050.
In Australia, our core values of actively seeking growth opportunities, operating with integrity, and a commitment to challenging ourselves, supports us on our journey to be a reliable business partner for a bright future, and observing comprehensive environmental, social and governance (ESG) priorities.
As the world transitions towards renewable energy sources and net zero targets, we have invested in strategic partnerships with Delta Lithium, Vecco Group and Critical Minerals Group. These investments support our alignment with the global strategy of diversification, innovation, and decarbonisation of energy assets to support the transition to a carbon neutral society by 2050.
Idemitsu Australia is committed to ESG principles to enhance our corporate value sustainably. We are dedicated to achieving carbon neutrality while ensuring a stable energy and materials supply.
We focus on innovation, environmental risk mitigation, and contributing to a circular economy. In the social sphere, we prioritise human rights, promote diversity and inclusion, and work with our partners to achieve a sustainable supply chain and community development.
Our governance efforts aim to improve effectiveness through enhanced Board of Directors deliberations, adhere to global employment and operation standards on various fronts, and maintain fair and transparent management practices with a focus on risk management.
Decarbonisation
Idemitsu Australia recognises the important role we must play in helping the world achieve its decarbonisation ambitions.
As we reduce our own carbon emissions, we will continue to build low-carbon businesses, and provide products and solutions to assist our customers’ decarbonisation journeys.
Our decarbonisation priorities will focus on progressive mine rehabilitation, generating biodiversity offsets, investing in critical mineral opportunities and developing renewable energy generation projects.
Renewables
Idemitsu Australia is exploring options to develop renewable power projects to benefit regional communities socially and economically, with a focus on hybrid renewable energy technologies surrounding green hydrogen, solar, pumped hydro, and developments towards the progression of biomass.
Critical Minerals
Idemitsu Australia’s strategic investments in lithium and vanadium business partnerships support their global energy transition to an electrification and decarbonisation phase. With the growing demand for critical minerals we continue to pursue opportunities in energy-related critical minerals and rare earths including lithium, vanadium, copper, nickel and graphite.
Mining
Proud of the social and economic benefits Boggabri Coal Mine has created for regional communities, the mine produces up to 7 million tonnes of coal per annum, with a mine life to 2033, and supports a workforce of around 800 employees, most of who live locally with their families.
Fuel
Idemitsu acquired Freedom Fuels in 2012, a business with a shared history in fuel and a mission to explore biofuels. Freedom Fuels is now one of the leading independent fuel importers and wholesalers in Southeast Queensland. They provide employment for over 600 staff members throughout Queensland and New South Wales while providing reliable, competitive, high quality fuel supply to its expanding wholesale and loyal customer bases.
