The petrochemical industry is concerned with the production and trade of petrochemicals. A major part is constituted by the plastics (polymer) industry. It directly interfaces with the petroleum industry, especially the downstream sector.
The petrochemical industry is concerned with the production and trade of petrochemicals. A major part is constituted by the plastics (polymer) industry. It directly interfaces with the petroleum industry, especially the downstream sector.
The top ten global petrochemical companies based on the 2008 revenues – excludes state-owned companies: [1]
| Company | Country | 2008 revenues $ (billion) |
|---|---|---|
| BASF | Germany | 62.30 |
| Dow Chemical | US | 57.51 |
| ExxonMobil Chemical | US | 55 |
| LyondellBasell Industries | Netherlands | 51 |
| INEOS | UK | 47 |
| SABIC | Saudi Arabia | 37.66 |
| Formosa Plastics Corporation | Taiwan | 31.5 |
| Sumitomo Chemical | Japan | 16.65 |
| DuPont | US | 31.83 |
| Chevron Phillips | US | 13 |
Petrochemicals are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane.
An oil refinery or petroleum refinery is an industrial process plant where petroleum is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemical feedstock like ethylene and propylene can also be produced directly by cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day.
Asaluyeh is a city in the Central District of Asaluyeh County, Bushehr province, Iran, and serves as capital of the county. Alternate spellings include: Assalouyeh, Asalouyeh, Asaloyeh, Asalooyeh, Asaluye, Assaluyeh, and Asalu. UNCTAD codes: IR YEH, IR PGU, and IR ASA.
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), is a subsidiary of Indian Oil Corporation Limited which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India. It is headquartered in Chennai, India. It was formed as a joint venture in 1965 between the Government of India (GOI), Amoco and National Iranian Oil Company (NIOC), having a shareholding in the ratio 74%: 13%: 13% respectively. From the grassroots stage CPCL Refinery was set up with an installed capacity of 2.5 million tonnes per year in a record time of 27 months at a cost of ₹430 million (US$5.4 million) without any time or cost overrun.
Kochi Refinery Limited (KRL) is a crude oil refinery in the city of Kochi in Kerala, India. It is the largest public sector refinery in India with a production capacity of 15.5 million tonnes per year. Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, it was acquired by Bharat Petroleum Corporation Limited in the year 2006. The refinery is situated at Ambalamugal, around 12 km (7.5 mi) east of the city centre.
Soni Olufemi Olubunmi Oyekan was a Nigerian-American chemical engineer, inventor, entrepreneur, author, mentor and educator. Oyekan was the President and CEO of Prafis Energy Solutions, an oil refining and energy consulting company. During his career, he has been involved in both research and development and management at a number of major oil companies. He held patents and has made other contributions in the areas of chemical engineering, oil refining, and catalytic systems, including the publication of Catalytic Naphtha Reforming Process (2018).
Pengerang is a municipality in Kota Tinggi District, in the Malaysian state of Johor. It was established in 2017. It is home to the Pengerang Integrated Petroleum Complex (PIPC), a major hub for the oil and gas industry in the state.
The National Petrochemical Company (NPC), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran. It is responsible for the development and operation of the country's petrochemical sector. Founded in 1964, NPC began its activities by operating a small fertilizer plant in Shiraz. Today, NPC is the second largest producer and exporter of petrochemicals in the Middle East. Over these years, it has not only expanded the range and volume of its products, but it has also taken steps in areas such as R&D to achieve more self-sufficiency.
The Ministry of Petroleum (MOP) (Persian: وزارت نفت, romanized: Vezârat-e Naft) manages the oil industry, the producer of oil and petrochemical products. MoP is in charge of all issues pertaining to exploration, extraction, exploitation, distribution and exportation of crude oil and oil products. In addition, according to the "Imports and Exports Regulation Act", issuing import licenses for such products is also among the functions of the Ministry of Petroleum. The ministry has been placed under sanctions by the United States Department of State as of 2020.
GAIL (India) Limited is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It has the following business segments: natural gas, liquified natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemicals, city gas distribution, renewable energy including solar & wind, exploration and production, GAILTEL and electricity generation. GAIL was given the Maharatna status on the 1 February 2013 by the Indian Government, a status which 11 other Public Sector Undertakings (PSUs) have.
K-Dow Petrochemicals was a planned $17.4 billion joint venture between The Dow Chemical Company and Petrochemical Industries Company (PIC) of the State of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC). A joint venture between the two companies was signed in July 2008. However, critics to the deal from members of the Kuwaiti parliament lead to its collapse in December 2008. Dow sued PIC, and was awarded over $2 bn damages by a non-governmental court in 2012.
Koehler Instrument, or Koehler, is a US based company that provides petroleum, petrochemical testing equipment, and technical support services to testing laboratories worldwide. The company’s corporate headquarters is in Holtsville, NY and manufacturing headquarters is located in Bohemia, NY.
Türkmennebit, also known by the translation of the name as Turkmenoil or Turkmenneft, is the national oil company of Turkmenistan. It was established by a presidential decree reorganising parts of the former Ministry of Oil and Gas in July 1996, and has its headquarters in Ashgabat. The chairman of the company is Guychgeldi Baygeldiyev. The main oil fields operated by Türkmennebit are Goturdepe, Barsa-gelmez, Nebitdag, Körpeje, Gamyşlyja, Çeleken and Kemer, mainly in Balkan Province near the Caspian Sea.
In the late 1970s, President Anwar Sadat initiated neoliberal policies in Egypt. Following Sadat's assassination in 1981, President Hosni Mubarak came to power and continued the economic liberalization of Egypt.
The Petrochemical Heritage Award was established in 1997, "to recognize individuals who made outstanding contributions to the petrochemical community." The award is intended to inspire achievement and to promote public understanding. The award winner is chosen annually by the Founders Club and the Science History Institute. The award is traditionally presented at the International Petrochemical Conference hosted by the American Fuel and Petrochemical Manufacturers (AFPM), formerly known as NPRA, the National Petrochemical & Refiners Association.
Fares Nikhadovich Kilzie is a Russian entrepreneur and Chairman of CREON Capital, Chairman the Board of Directors of Creon Energy.
IRPC Public Company Limited or simply IRPC is a Thai Public SET-listed Petroleum and Petrochemical company. It is a subsidiary of PTT Group, formerly Thai Petrochemical Industry Public Company Limited or "TPI", which was founded in 1978 by the Leophairatana family.
International Labmate is a British multi-media publisher and events organiser, founded in 1974 by the chemist Michael Pattison. It publishes business-to-business trade journals in print and online, focusing on the laboratory, life science, environmental and petrochemical industries. It is based in St Albans. Marcus Pattison has been Managing Director since 2023.
American Fuel and Petrochemical Manufacturers (AFPM) is an American trade association, founded in 1902 as the National Petroleum Association. It became the National Petroleum Refiners Association in 1961, the National Petrochemical & Refiners Association in 1998 and became the AFPM in 2012. AFPM is a trade association representing American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, and petrochemicals. AFPM represents companies including Chevron Corporation, ExxonMobil, Koch Industries, Marathon Petroleum and Valero Energy.
Pengerang Integrated Petroleum Complex (PIPC) is a megaproject development in Pengerang, Kota Tinggi District, Johor, Malaysia. It spans over an area of 80 km2 and will house oil refineries, naphtha crackers, petrochemical plants, liquefied natural gas (LNG) terminals and a regasification plant upon completion.
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