Monday 28th May, 2018
Idemitsu is reviewing a number of opportunities to utilise our Australian assets including land and infrastructure for renewable energy projects.
A renewable energy project at Muswellbrook incorporating a pumped hydro energy storage facility is one of those opportunities.
The area at Muswellbrook that would be required for any project is a mining void that is already available and is no longer being mined.
Idemitsu has not entered into any agreement with a party regarding the proposed project at this time.
Coal will continue to be an important part of Idemitsu’s business in Australia alongside our existing fuel and agricultural businesses.