JX Nippon Oil and Energy Corporation has become the sixth Gold Partner, or a top domestic sponsor, for the for the 2020 Summer Olympic and Paralympic Games, the Japan Olympic Committee announced on Wednesday.
The contract term began Wednesday and will last until December 31, 2020. The company will also support the Japanese national delegation on other stages around the globe prior to the Tokyo Games, such as during next year’s Rio de Janeiro Summer Olympics, the 2018 Winter Olympics, in Pyeongchang, South Korea, and a pair of Youth Olympics.
The Gold Partners are the highest-ranking domestic sponsors for the 2020 Games, and don’t just provide back them up financially but also contribute to the cause in their own fields of business.
JX, the largest oil company in Japan and originally established in 1888, will be in charge of supplying oil, gas and electric services for the 2020 Games.
Asahi Breweries, Ltd., Canon Inc., NEC Corporation, Nippon Telegraph and Telephone Corporation (NTT), and Fujitsu, Ltd. had already been designated as Gold Partners.
“We are extremely honored to have become a Gold Partner for the 2020 Tokyo Olympics and Paralympics,” JX chairman Yasushi Kimura said at a Tokyo news conference on Wednesday. “Our company supplied the gas and kerosene for the Olympic Flame in the 1964 Tokyo Olympics. Now we are again involved in the Olympics and Paralympics. We feel our ties with the Olympics and Paralympics and we have high expectations for ourselves.”
For the Tokyo Games, JX will be expected to provide hydrogen energy as well. As fuel cell vehicles have come into the market recently, JX has actively been working on installing hydrogen stations at Eneos gas stations across the country. According to Kimura, JX currently has them at 10 locations.
Kimura said he wasn’t sure if the company would benefit from being a partner of the Olympics and Paralympics right away, but intended to be involved for a long time as a company with social responsibility.
“(JX) will carry important roles to create a future society and we are pleased about it, too,” said former Japanese prime minister Yoshiro Mori, the president of the Tokyo Organizing Committee of the Olympics and Paralympics.
Latest Stories
-
JoyNews poll: Akufo-Addo, his government’s ‘killer’ taxes and nepotism blamed for NPP’s 2024 defeat
20 minutes -
Barca scores 5 again in Copa del Rey win over Betis
2 hours -
Harry Kane scores again as Bayern thrash Hoffenheim
2 hours -
Arsenal win North-London derby to close gap at the top
2 hours -
Djokovic breaks Federer record in Melbourne win
2 hours -
Foreign Affairs Ministry lists categories of recalled diplomatic and service passports
2 hours -
NAELP refutes defamatory claims, highlights achievements
3 hours -
2024 Election: Voter apathy caused NPP’s defeat – Justin Kodua
4 hours -
Ghanaian teacher shortlisted for GEM’s $1m global prize
4 hours -
Young entrepreneurs encouraged to capitalise on 5-year tax exemption Incentives
4 hours -
Lord Morrgan fulfils promise; gifts fan Wale new motorbike
4 hours -
CHAN 2024 Draw: Two-time Champions Morocco in Group A with hosts Kenya
4 hours -
Disregarding ORAL’s mandate doesn’t help the nation – Kpebu
5 hours -
NDC gov’t cannot fulfil its promises under the current IMF programme – Godfred Bokpin
5 hours -
13 newly recruited staff posted to Creative Arts Agency
5 hours