Showa Shell to invest on oil, solar

Showa Shell Sekiyu K.K., the Japanese unit of Royal Dutch Shell P.L.C., announced its capital investment plans amounting to ¥320 billion (US$3.38 billion) during 2010 to 2014. Showa Shell the capital investment will include maintenance and upgrading of existing refineries, upgrading secondary units and enhancing retail sales networks. Showa Shell also said it will develop solar panels that will use copper and indium instead of silicon. Indium’s current primary application is to form transparent electrodes from indium tin oxide in liquid crystal displays and touchscreens. (May 26, 2009)