Founded in 1948 in the post war period to reconstruct Japan, Chiyoda started its engineering business for domestic projects mainly in the petroleum refining, gas processing and petrochemical fields, and expanded into overseas projects in the 1960s. Since then, Chiyoda has been and is growing steadily under the corporate philosophy of enhancing its business by aiming for harmony between energy and the environment and contributing to the sustainable development of society.
Global situations are dramatically changing, especially those related to energy, including increasing demand in developing countries caused by economic growth, shale gas revolution and gas shift, as well as there being a call to develop renewable energies.
Under these challenges, Chiyoda set up last year a mid-term management plan (MT-Plan), 'Seize the moment, Open up new frontiers', and will pursue the growth strategies and operating foundation strategies under the MT-Plan. The company will make the most of its technology in such demanding projects as floating LNG, ocean energy, concentrating solar power (CSP) generation and the hydrogen supply chain.
Chiyoda will develop engineering functions to meet the needs of the social infrastructure required by rapid urbanisation, such as airports, railways, power generation, smart grids and a disaster-resistant environmental community. The function, which may involve capital investment, will provide all services required from master planning to successful completion and, thereafter, involvement in operation and maintenance.