By Megumi Yamanaka
June 24 (Bloomberg) — Showa Shell Sekiyu KK, a Japanese refiner and solar-equipment maker, rose to the highest in nine months after saying it will build solar plants in Saudi Arabia to expand its alternative energy business.
The shares rose as much as 9.6 percent to 1,077 yen, the highest since Sept. 29, and traded at 1,063 yen at 10:48 a.m. in Tokyo trading. It was the sixth-biggest gainer on the benchmark Topix index.
Showa Shell will build small-scale solar power plants in areas not connected to the electricity grid as part of a solar venture with Saudi Arabian Oil Co. targeting expansion in the Middle East and Southeast Asia, spokesman Kenichi Morishita said by phone from Tokyo. The Japanese refiner plans to spend as much as 160 billion yen ($1.7 billion) over five years to expand its solar business as domestic demand for oil products wanes.
The Saudi project is the first step in its solar expansion, and investors are bidding up the shares on todays news, Hidetoshi Shioda, a senior analyst at Mizuho Securities Co., said by phone from Tokyo. Showa Shells shares havent reflected the impact of its solar expansion as the business hasnt yielded a profit yet.
Showa Shells President Jun Arai targets profit of 50 billion yen from the solar business by the end of 2014 from the current break-even returns, he said in May. He aims to boost output from 80 megawatts now to 1 gigawatt a year in the same period.
Saudi Aramco, as the state-owned oil company is known, is Showa Shells second-biggest shareholder, with a 15 percent stake. Royal Dutch Shell Plc owns 33 percent, according to data compiled by Bloomberg.
To contact the reporters on this story: Megumi Yamanaka in Tokyo at[email protected].
Last Updated: June 23, 2009 22:10 EDT
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
It is often the case that Joint Ventures like Showa Shell are far more innovative than 100% Shell owned and managed operations. Whilst Shell globally is largely turning its back on Renewables how interesting that a company in which Shell has a minority share is pressing ahead.