Top 9 Propane Manufacturers In The World
The demand for propane is driving forward owing to various factors, such as the need for a cleaner and more efficient source of energy, mainly in residential and commercial industries. In addition, the expansion of the petrochemicals industry, along with the rise in demand for feedstock propane to carry out many chemical processes, is also boosting the market growth.
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The demand for the product is also rising due to its adoption for use in the transportation industry in developed countries. The key factors that also contribute to the expansion of the industry include disruptions in the supply chain, revisions in rules and policies, as well as crude oil and natural gas pricing and availability. The market will likely develop further with the rise in propane demand as a fuel replacement as well as the fuel's rising popularity in appliances.
Top 9 Propane Manufacturing Companies in the World
The Top Propane Manufacturing Companies in the World are:
British Petroleum
| Company Website | https://www.bp.com/ |
| Headquartered in | London |
| Founded in | 1909-1924 |
British Petroleum, or B.P., located in London, UK, was established in 1908. It has operations in more than 70 nations across the globe that concentrate on exploring oil and gas, its production, and refining.
PetroChina Company Limited
| Company Website | http://www.petrochina.com.cn/ |
| Headquartered in | Beijing |
| Founded in | 1999 |
This company was established in 1999 with headquarters in Beijing, China. It is among the biggest oil and gas companies worldwide, with operations in more than 60 countries.
AmeriGas
| Company Website | https://www.amerigas.com/ |
| Headquartered in | Pennsylvania |
| Founded in | 1959 |
Found in 1959, AmeriGas of Pennsylvania, USA, is among the biggest distributor of propane in the U.S., with functions in the entire nation.
Chevron Corporation
| Company Website | https://www.chevron.com/ |
| Headquartered in | California, USA |
| Founded in | 1879 |
The company, set up in 1879, is located in San Ramon, California, USA, with operations in more than 180 countries and engages in exploring, producing, and refining oil and gas.
Valero Energy Corporation
| Company Website | https://www.valero.com/ |
| Headquartered in | San Antonio, Texas, USA |
| Founded in | 1980 |
The Corporation, established in 1980, is set up in San Antonio, Texas, USA. They have functions in 15 refineries across the U.K. and North America and have a footprint in other nations via marketing and logistics operations.
Shell Oil Company
| Company Website | https://www.shell.com/ |
| Headquartered in | London |
| Founded in | 1907 |
Shell Oil, Royal Dutch Shell's subsidiary, launched in 1907 with headquarters in the Hague, Netherlands, has functions in more than 70 countries across the world, with a focus on exploring, producing, and refining oil and gas.
Sinopec
| Company Website | http://ssc.sinopec.com/ |
| Headquartered in | Beijing |
| Founded in | 2000 |
Sinopec, or China Petroleum & Chemical Corporation, established in 2000, has headquarters in Beijing, China and is among the biggest integrated energy and chemical giants in China, with a foothold in more than thirty nations.
Exxon Mobil
| Company Website | https://corporate.exxonmobil.com/ |
| Headquartered in | Texas, USA |
| Founded in | 1999 |
Established in 1999, the company was formed a coalition between Exxon and Mobil, both established at the end of the 1800s. It has headquarters in Irving, Texas, USA, and has operations in more than 50 countries.
Evonik
| Company Website | https://corporate.evonik.com |
| Headquartered in | Essen, Germany |
| Founded in | 2007 |
Evonik, located in Essen, Germany, established in 2007, was created as a coalition of Degussa and RAG. It has operations in more than a hundred nations and concentrates on speciality chemicals, such as the ones employed in the oil and gas industry.
In the approaching period, the propane industry's growth will be determined based on a few factors that will have an impact on the industry directly or indirectly.
- The growing prices of electricity paired with risks of grid failure will be one reason people switch to propane.
- It is the best alternative fuel when it comes to switching to clean energy conversion.
- Autogas cannot be commercialized till the industry uses its fuel and sets up a dependable service network making refueling available.
- The members of the industry giving their time to time and energy are the pillars of the sector. The industry has to be consolidated from its fragmented state.
- PERC was first formed to achieve growth and safety and totally depends on engagement in the industry and commercializing latest technology and products.
In this blog, the main focus has been given to the top manufacturers producing propane. The key company details and their profiles have been explained in detail, along with the future analysis of the industry and the main factors and trends impacting it. Hopefully, the readers can gain insight into the sector and make important decisions based on that.
About Author:
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Prakhar Panchbhaiya Senior Content Writer at Procurement Resource Prakhar Panchbhaiya is an accomplished content writer and market research analyst. With over 4 years of experience in content creation and market analysis encompassing many industries, including pharmaceuticals, nutraceuticals, biochemistry, healthcare, ed-tech, and Food & Agriculture, he has been creating quality content for multiple sectors. He is a Biochemistry major with sturdy backing in a PG diploma in digital marketing, helping in the exhaustive content creation based on extensive research and competitive marketing. |
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