SOURCE: Industrial Info Resources
KOFU, JAPAN--(Marketwire - Apr 1, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The refining capacity reduction plan for all five major oil refiners in Japan is nearly set. The plan is expected to help in resolving the nation's oversupply of gasoline. Reasons for the reduction include the promotion of eco-friendly cars, such as hybrid vehicles (HV) and electrical vehicles (EV); the major energy shifts from gasoline to other energy resources; and the shrinking demand in Japan, which will continue for some time.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=234426&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.