In October 2011, Shell Chemicals signed a joint venture agreement with Qatar Petroleum (Qatar) and CNCP (China), to establish a petrochemical complex in China with a refining capacity of 400,000 barrels per day of oil. This project cost about $10,000 million. This project helped Shell Chemicals to increase their butadiene production capacity, and thereby capture a significant share in the North American market.
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In addition to this, in December 2014, TPC Group signed an agreement with UOP LLC, a Honeywell company, to address the expected supply shortage of butadiene. Under this agreement, UOP is to be an exclusive licensor of the TPC group’s proprietary OXO-D technology, to produce butadiene.
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In February 2013, TPC Group had announced its plan to venture into the next phase of engineering to produce on-demand butadiene and expand its butadiene production capacity in the U.S. to meet the rising market demand and customer needs. The new plant is expected to begin function by 2016. This will help the company to strengthen its presence in the North American butadiene market.
The major participants operating in the North American butadiene market are TPC Group (U.S.), ExxonMobil (U.S.), LyondellBasell (U.S.), Shell Chemicals (Netherlands), and BASF SE (Germany). TPC Group Inc. is one of the largest producers of butadiene and other major chemical products in North America. The company operates principally through two segments, namely C4 Processing and Performance Products. It conducts its butadiene business through its C4 Processing segment. The company holds the largest market share in the North American butadiene market, owing to factors such as expansion activities to increase the butadiene production capacity through agreements and new establishments.
