20 General  Industries  Projects Petroleum  Projects Ultra-deep desulfurization (gas oil) plant for Taiyo Oil Co., Ltd. In overseas markets,  demand for environmental protection measures and heavy oil cracking technology is expected to increase in Asia, so we will focus on utilizing our technological expertise in these fields while continuing technological research and development. In the domestic market,  we completed a series of projects related to ultra-deep desulfurization of kerosene for petroleum refineries. In environmental protection project, we have turned over the Osaka Refinery of Nippon Petroleum Refining Co., Ltd, the first commercial CASOX process unit, which was developed jointly with Hokuriku Electric Power Company. In the petroleum industry, sulfur-free gasoline and reduction of heavy oil will become more important as environmental regulations become stricter. We will focus on providing business solutions from the planning phase, based on our superior technological expertise in hydrodesul- furization. In Japan, industrial companies have achieved significant energy savings on their own. However, there is still considerable room for conservation of energy in large industrial complexes. We plan to secure EPC contracts in this field by proposing and conducting feasibility studies, taking into account of the heat balance of the total area, which also contributes to a reduction of greenhouse gas emissions. Recovery from the IT recession was not strong enough to cause a rebound in high-quality film/electronic materials, where we are actively seeking business opportunities, and the drop in prices of finished products discouraged plant and equipment investment. However, companies with strong earnings are expected to increase their investments in mod- ernizing and expanding existing facilities as they move to boost efficiency. Taking advantage of our superiority in high-quality film/electronic materials, we will focus on both new and expansion projects in this field.