Royal Dutch Shell Plc, a leading supplier of petrochemicals is active in the area of oil & gas, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. The company accounts for the largest market share in the global cyclohexane market, owing to factors such as increasing corporate agreements, continuous technological advancements, and new product developments.
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In January 2014, Royal Dutch Shell acquired the Spanish oil & gas company named as Repsol. This helped in enriching the company’s liquefied natural gas (LNG) portfolio outside the North American region. The acquisition is also expected to substantially increase the shipping capacity available to Shell's LNG marketing business, as the company will also assume $1.6bn of balance sheet liabilities relating to current leases for LNG ship charters, as part of this agreement.
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ExxonMobil Corp. is another global chemical company that is primarily engaged in manufacturing and distribution of chemical products, oil & gas, and energy supply. In June 2012, Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil constructed a world-scale specialty elastomers facility. This facility will be integrated with the existing Jubail complex.
The major participants operating in the global cyclohexane market include Sinopec Shanghai Petrochemical Co. Ltd. (China), ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc (Netherlands), The Dow Chemical Co. (U.S.), JX Holdings Inc. (Japan), China National Petroleum Corporation (China), Total SA (France), Saudi Basic Industries Corporation (Saudi Arabia), BP PLC (U.K.), and BASF SE (Germany).
