News

Idemitsu Australia is pleased to announce its strategic investment in Graphinex Pty Ltd, through its wholly owned subsidiary, Idemitsu Graphite Pty Ltd. The investment marks Idemitsu’s commitment to advancing sustainable technologies and supporting the growth of the battery industry. Graphinex, a privately held graphite battery anode company, holds a portfolio of exploration tenements near Croydon,…

Idemitsu Australia, Sumitomo Electric Industries and Vecco Group have signed an agreement to develop an end-to-end vanadium flow battery supply chain. Each company provides a unique aspect of the supply chain and with 40+ years of operational experience Idemitsu’s focus will be battery supply to customers, project management and development of battery projects. Idemitsu Australia’s…

Idemitsu Australia, a subsidiary of Idemitsu Kosan Co.,Ltd., has increased its strategic investment in leading West Australia-based lithium exploration company Delta Lithium (ASX: DLI), formerly known as Red Dirt Metals. Increasing its shareholding from 2.76 percent to 15 percent from an initial $5 million investment in January 2023, Idemitsu’s strategic partnership with Delta Lithium continues…

Idemitsu increases investment in Vecco Group – to develop Debella Critical Minerals Project and Australia’s first vanadium battery electrolyte manufacturing plant Idemitsu Australia Pty Ltd, through subsidiary Idemitsu Debella Pty Ltd, has invested AUD$8.26 million in Vecco Group’s latest capital raise, to develop the Debella Critical Minerals Project near Julia Creek in Queensland, Australia.  Idemitsu…

Idemitsu Kosan announces the sale of its stake in the Ensham coal mine to Sungela Pty Ltd, a consortium of Thungela Resources Limited (75%), Mayfair Corporations Group Pty Ltd (12.5%) and Audley Energy Limited (12.5%). Sungela will continue the operation of the Ensham mine and is committed to the longer term overall site rehabilitation obligations….

Idemitsu Australia, a subsidiary of Idemitsu Kosan Co.,Ltd., continues to diversify its global portfolio of energy assets with a strategic investment in leading West Australia-based lithium exploration company Red Dirt Metals (ASX: RDT), in its recent capital raising round. The investment in Red Dirt Metals is in line with Idemitsu’s global strategy to diversify the…

Idemitsu Australia (IA), as part of a consortium with the Queensland Government owned energy company CS Energy, and led by Energy Estate, will begin a joint study on the feasibility of generating and exporting green ammonia from the Port of Abbot Point near Bowen known as HyNQ: North Queensland Clean Energy Project. The HyNQ: North…

Idemitsu Australia Pty Ltd, through newly formed subsidiary Idemitsu Debella Pty Ltd, has become a major investor in Vecco Group, a private company developing the Debella Critical Minerals Project near Julia Creek, in the world class north west Queensland minerals province.       Supporting the renewable energy and electrification revolution, the Debella Project will establish a…

Idemitsu Australia (IA), through its newly formed subsidiary Idemitsu Lindfield Pty Ltd, has become a cornerstone investor in ASX listed Critical Minerals Group Limited (CMG), a vanadium and copper-gold focused company including the Lindfield Project located near Julia Creek in the North West Mineral Province of Queensland. Today CMG has made its debut on the…

Through its JV with AGL, Muswellbrook Pumped Hydro Pty Ltd, Idemitsu Australia has signed a $9.45 million Funding Agreement with the NSW Government’s Energy Corporation of NSW (EnergyCo), to progress the proposed Muswellbrook Pumped Hydro Energy Storage (PHES) project at their old Muswellbrook Coal mine site. The pumped hydro project, to be delivered by Idemitsu…