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Showa Shell Seeks to Lead Solar Market Amid Japan Incentives

Showa Shell Sekiyu K.K., the Japanese refining unit of Royal Dutch Shell Plc, plans to become a global leader in solar-cell output as it diversifies to benefit from clean-energy subsidies.

Showa Shell will increase production efficiency and cost competitiveness to “top levels in the world,” it said today in its five-year management plan. The company also intends to lead the development of solar modules, which use photovoltaic cells.