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Top 10 Best
Petrochemical
Companies in The
World
by The Daily Records 4 months ago

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Petrochemicals are one of the most important chemicals

today. They are derived either from natural gas or
petroleum. These petrochemicals weren’t really useful
before world war, but the war required cheaper and better
products, therefore, petrochemicals came into existence
and with them the petrochemical industry emerged.

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In current times these companies are an integral part of a

country’s economy. Petrochemicals don’t really reach
directly to consumers; they are an essential ingredient in
the transformation of other products which are required
for our livelihood. The products include kitchen
appliances, textile, furniture, medicines, pacemakers,
shoes, computers, explosives, fertilisers, herbicides,
perfume, safety glass, dyes, detergents, shampoo and
much more.

Table of Page Contents [hide]

Checkout the Top 10 Best and Largest Petrochemical

Companies in The World in 2017-2018
10. Bayer
9. Ineos
8. DuPont
7. LyondellBasell
6. Formosa Plastics
5. ExxonMobil
4. SABIC
3. Sinopec
2. Dow Chemical
1. BASF


Checkout the Top 10 Best and
Largest Petrochemical
Companies in The World in 2017-
2018
10. Bayer

Bayer is a multinational company which specialises in

pharmaceuticals and life sciences. Its dominant areas of
business are human and veterinary pharmaceuticals,
agricultural chemicals, biotechnology products,
healthcare products and high-value polymers. Some of its
biggest contributions include Aspirin, Heroin,
Phenobarbital, Prontosil, Ciprofloxacin, and Yaz. It was a
part of IG Farben from 1925 to 1952 though it became a
singular company afterward. The German company
played a vital role in the Wirtschaftswunder during the
Cold War. Bayer was founded more than 150 years ago
on 1st August 1863 by Friedrich Bayer. Its CEO is Werner
Baumann and headquarters is in Leverkusen, Germany.

9. Ineos

Ineos is a British chemical company. The multinational
company is among the biggest companies in the
chemical industry. And it is also in top ten manufacturing
companies for chemicals in terms of sales revenue. It is
formed by a union of around 20 business units which are
stand-alone and they have their own board. Ines was
founded by Jim Ratcliffe in 1998. Its headquarters are in
London, UK though it also has a registered office at
Lyndhurst, Hampshire, United Kingdom. It has more than
29,500 million USD chemical sales.

8. DuPont

E. I. du Pont de Nemours and Company is the name of

the company though it normally called as DuPont. It is a
multinational conglomerate and is credited for the
creation of many polymers. Some of the biggest names
are Vespel, Teflon, Mylar, neoprene, nylon, Zemdrain, M5 
fiber, Tyvek, Lycra, Corfam, Sorona, and Kevlar. The
American company has also developed refrigerants such
as Freon and later focused on more environmentally
friendly products. It has even developed synthetic
pigments and paints like ChromaFlair. It is the 4th biggest
chemical company in terms of market capitalisation and
ranks 8th for revenue. They merged with The Dow
Chemical Company to form DowDuPont Inc. DuPont was
founded in 1802 by Eleuthere Irenee du Pont. Its
headquarters is in Wilmington, Delaware, United States.

7. LyondellBasell

LyondellBasell is a multinational conglomerate in the

chemical business. The company has roots in America
and Europe, it was incorporated in the Netherland.
Lyondell Chemical Company was acquired by Basell
Polyolefins resulting in the creation of LyondellBasell. It
was on the brink of bankruptcy in January 2009 but
managed to rise from it in April of 2010. It was founded in
2007 and its headquarters is in Houston, Texas though it
manages its global operations from London, United
Kingdom. Bhavesh V. “Bob” Patel is the CEO of the
company.

6. Formosa Plastics

Formosa Plastics Corporation is a company which
focuses on the plastics industry. The Taiwanese
company was previously called Formosa. It essentially
focuses on the creation of PVC (polyvinyl chloride) resins
and other products which are plastic. The Formosa
Plastics Group was created around the company and it
still is the main operation of the Group. The company was
founded in 1954 and its headquarters is in Kaohsiung
City, Taiwan. Its sales in chemicals are more than
$37,000 million.

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5. ExxonMobil

ExxonMobil is a multinational gas and oil corporation.

The American company is the biggest direct scion of
John D. Rockefeller’s Standard Oil Company. It is the 7th
biggest company in terms of revenue and it is 9th in
Forbes Global 2000 list. It is also the biggest Big Oil
Company in the world with its gigantic production of
3.921 million barrels of oil equivalent. The merger of
Standard Oil Company of New Jersey (Exxon) and
Standard Oil Company of New York (Mobil) as they were
formerly called resulted in the creation of ExxonMobil. It

was founded on 30th November in 1999. Its headquarters
is in Irving, Texas, the US and its CEO and chairman are
Darren Woods.

4. SABIC

SABIC is an acronym for Saudi Basic Industries

Corporation which specializes in the chemical industry. It
produces various chemicals, industrial polymers,
intermediates, metals, and fertilizers. The multinational
company is the biggest public company in Saudi Arabia.
The Saudi Government holds a big 70% shares in the
company. It is even the biggest company in the Middle
East. In 2013 it was ranked 4th in world’s largest
chemical producers and is still the 2nd biggest ethylene
glycol producer in the world. It is also the 3rd largest
manufacturer of polyethylene, 4th largest polyolefins
manufacturer and even ranks 4th in polypropylene
manufacturing. It has 4th rank in Global 500 list of
biggest chemical company in the world. SABIC was
founded in 1941 and its headquarters is in Riyadh, Saudi
Arabia.

3. Sinopec


Sinopec or China Petroleum 7 Chemical Corporation is an
oil and gas company. It produces, refines, explores,
markets and sells petrochemicals, chemical fertilizers,
chemical fibers and various other products of a chemical.
It also stores and pipelines transportation of crude oil
and natural gas; exports, imports business of crude oil,
refined oil products, natural gas, petrochemicals and also
other chemical products. Its parent company is Sinopec
Group which is a state-owned chemical and petroleum
Energy Company. Sinopec was founded more than 15
years ago in 2000 in Beijing, China. Its headquarters is in
Chaoyang District, Beijing, China.

2. Dow Chemical

Dow Chemical is a multinationa corporation which


specialises in chemical industry. It ranks 2nd in chemical
production and it is also the 2nd largest chemical
manufacturer by revenue. It produces plastics,
agricultural products and chemicals. The American
company has existence in 160 countries and has 7
primary operating segments which work on wide array of
products. It is renowned for being a ‘chemical company
for chemical companies’ since it sells most of its
products to other chemical companies. It merged with
DuPont to form DowDuPont. The chemical company was
founded in 1897 by Herbert Henry Dow. Its headquarters
is in Midland, Michigan, US and Andrew N. Liveris serves
as its Chairman, President and also the CEO.

1. BASF

BASF has ruled the chemical business for nearly a

decade (9 years running). It is unquestionably the biggest
chemical manufacturer in the world. It has joint ventures
and subsidiaries in more than 80 countries and it has
many production sites all over the world in Europe, Asia,
the Americas, Australia, and Africa. The German
company has more than 120,000 employees. Its sales in
chemicals are more than $78,500 million. The company
was founded on 6th April 1865 1867. Its headquarters is
in Ludwigshafen, Germany.

These companies are the biggest petrochemical


companies in the world. Even though many don’t even
know their names they are still one of the biggest
contributors in a wide array of day to day products. Their
impact on society and the economy of the nation is
staggering.

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