Annual Report 2013
33/182

Hyundai Cosmo Petrochemical Co., Ltd. para-xylene (PX) production unit Signing of the new Hail Field concession agreement EcoPower Co., Ltd. Hasaki Wind FarmSecure Stable Income from Investments Made during Fourth Consolidated Medium-term Management PlanProgram 4Petrochemical Business:Keep the refi nery competitive by shifting more towardpetrochemical productionCosmo Oil Co., Ltd.(Yokkaichi Refi nery)Started operations of the MX production unit. Positive impact on ordinary income forFY2017 is estimated atHyundai Cosmo 9 billion yenPetrochemical Co., Ltd.Commercial production of PX at the new production unit started inJanuary 2013, earlier than the original plan.Program 5Oil Exploration and Production Business:Diversify project portfolio by making effective use of theCompany’s good relations with oil producing countriesAbu Dhabi OilCo., Ltd.December 2012 saw the concession agreement renewed for the existingoil fi elds and another concession agreement become effective for the newHail Field development. Aim at starting commercial production at the HailField before the end of 2016.Positive impact on ordinary income forFY2017 is estimated at17 billion yenProgram 6Renewable Energy Businesses:Growth in the wind power generation businessEcoPower Co., Ltd.The enhanced maintenance capability led to EcoPower achieving andmaintaining profi tability. A tailwind from the Japanese government’s FITintroduction allowed the subsidiary to speed up new site development.Positive impact on ordinary income forFY2017 is estimated at2 billion yen

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