World’s 10 Largest Petrochemicals Corporations
It is very seemingly that the CEO_s of most petrochemical companies can be pleased to see the again of 2009. This yr has been a real annus horribilis for a sector ravaged by an enormous drop in demand for its products attributable to the global economic slowdown that has happened over the petroleum refinerympanies in uae 87 previous 12 months.
Nevertheless, most of the big gamers are still making a revenue, just not as massive as the income they made over the previous two or three increase years. Different positive elements embody decrease oil costs which means lower feedstock costs and the drop in the price of uncooked supplies has meant that many corporations petroleum refinerympanies in uae 87 have been in a position to trim billions of dollars from major tasks.
So with the positives rather than the negatives in thoughts ArabianOilandGas.com brings you the top 10 world_s largest petrochemicals companies.
Compiling the record has proved to be difficult every now and then on account of many chemicals firms being so diversified as to creating it impossible to separate the petrochemicals side from the rest.
For that purpose a few main corporations throughout the sector have either failed to make the listing, apologies to Bayer and Mitsubishi Chemical, or who’ve been relegated down the list regardless of having larger 2008 revenues than others further up, DuPont.
The checklist is based on petroleum refinerympanies in uae 87 the 2008 revenues and due to this fact excludes any corporations owned outright by governments. Websites used to source information included all of the corporate web sites and annual stories.
Should you agree with the list or suppose we’ve left acomapny out, please go away a comment beneath.
Dow Chemical (USA)
ExxonMobil Chemical (USA)
LyondellBasell Industries (Netherlands)
Saudi Primary Industries Corporation (Saudi Arabia)
Formosa Plastics Company (Taiwan)
Sumitomo Chemical (Japan)
Chevron Phillips (USA)
(Germany – $62.30 billion)
Anybody who has ever owned a cassette recorder will likely be familiar with the name, but the company abandoned it_s client products within the 1990_s. The transfer has obviously paid dividends because the German company is now the world_s largest producer of chemicals.
Employing over 96,000 people worldwide, it has over 160 subsidiaries and joint ventures with customers in virtually 200 international locations. Not unhealthy going for a corporation founded in 1885 to supply dyes.
The corporate itself says that its petrochemicals division is the backbone of BASF_s value-including chain. Products such as ethylene, propylene, butadiene and benzene are produced in steam crackers from naphtha or natural gasoline at facility_s the corporate has constructed world wide.
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