Leading Naphtha producers in the World

Naphtha is a hydrocarbon mixture obtained from the industrial refining of crude oil on a commercial scale. The compound is flammable and highly volatile in nature. Naphtha is a colorless liquid substance that exhibits a characteristic odor. It mostly smells like gasoline and is widely used in the petrochemical industry. It is used as a raw ingredient in producing ethylene and varieties of olefins on a large scale. It acts as a base chemical in manufacturing a wide range of polymers and industrial chemical compounds.

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Naphtha is manufactured by various petrochemical companies, but there are some of the leading companies that are marked on the global chart. Here are some of the key players of the global naphtha market that are mentioned below.

Top 10 Naphtha producers in the world

Top Naphtha producers in the world are:

Chevron Corporation

Chevron Corporation stands as a global leader in the naphtha market. The company was first established in the year 1879, with its headquarters located in California, USA. The American multinational firm primarily deals with oil and gas production units on a commercial scale.

Reliance Industries Limited

Reliance Industries Limited is a multinational company associated with various industrial sectors on a large scale. The company handles multiple business domains that mainly include health care, chemicals, petrochemicals, natural gas, oil, and other resources on a global scale. Reliance Industries Limited was first incorporated in the year 1958, with its headquarters located in Mumbai, India. It is tagged as a key player in the global naphtha market.

Shell Chemicals

Shell Chemicals is a primary dealer of various energy production sources on a global scale. The company is associated with petrochemical, chemicals, and power generation sectors on a large scale. The company is mainly located in London, England, which was first established in the year 1907.

SABIC

SABIC is a multinational chemical organization. The company, with its base headquarters, is located in Riyadh, Saudi Arabia. SABIC is a prime player in the chemical as well as the petrochemical industry. The company majorly deals with the production of various essential industrial chemicals as well as crude oil products on a global scale. It is entitled as a leading producer of naphtha in the international trade market.

BP PLC

BP PLC is an energy production company that majorly deals with the production and distribution of various industrial energy resources on a large scale. The company is mainly based in London, UK. BP PLC is profiled as one of the leading dealers of naphtha in the global market. It is also one of the leading firms that supply various industrial sustainable energy sources that are used for power generation on a large scale.

Exxon Mobil Corporation

Exxon Mobil Corporation is an oil and gas production company that shows its major associations with the petroleum production sectors. The company was first established in the year 1866, with its headquarters located in Texas, USA. With a vast experience of over 100 years, the company mainly deals with the production of petrochemical and chemical products on a large scale. It is contributing to the global market by providing energy solutions on a large scale.

China Petrochemical Corporation

China Petrochemical Corporation was first established in the year 1998, with its major involvement in the petrochemical industry. The company has merged with the Sinopec group of companies that are termed as their legal representatives. It is mainly located in Beijing, China. The Chinese petrochemical firm is primarily entitled as one of the major producers of naphtha in the global market, along with other industrial petrochemical varieties on a large scale.

Indian Oil Corporation Ltd.

The Indian Oil Corporation is an Indian petroleum and gas production firm with its headquarters based in New Delhi. The company was first incorporated in the year 1959, with its prime involvement in the petrochemical sector on a commercial scale. India Oil Corporation Ltd is tagged as one of the major producers of naphtha in the global market, along with other crude oil varieties on a large scale.

Novatek

Novatek is a global oil and gas production company that is mainly located in Russia. The Russian firm was first established in the year 1994, with its headquarters based in Moscow. Novatek is entitled as a major producer of naphtha along with some of the other crucial hydrocarbons on a large scale. Additionally, the company is also stated as a key producer of natural gas in the global market.

Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation is a Japanese chemical and petrochemical production firm that is mainly located in Tokyo. The company is a renowned chemical firm that is majorly associated with the production of several essential industrial chemicals and petrochemical compounds on a large scale. The company was initially founded under the name of “Nippon-Tar Industries” in the year 1934, which was later established as Mitsubishi Petrochemical Industries in the year 1956. The company is tagged as one of the major producers of chemical fuels such as naphtha from crude oil on a global scale.

The global naphtha market is being driven by the increase in the demand rates of petroleum products by the energy production domains across the world. Naphtha is a flammable liquid that can be utilized for the production of various chemical and petrochemical products on a large scale. The global naphtha market is anticipated to exhibit considerable growth in price trends while expanding its market reach in the plastic and chemical manufacturing industries on a global scale. Hence, the market is expected to show a positive outlook in the near future.

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