Exxon Mobil, SINOPEC Corporation, Chevron Phillips Chemical Company, are Dominating the Market for Global Commodity Plastics Market in 2017

Exxon Mobil

The company was founded in 1999, headquarter in Texas, U.S.A. Exxon Mobil is engaged in processing and manufacturing chemical products. The segments in which company operates are downstream, upstream and chemicals. The products which company provides under commodity plastic market are Exceed, Exceed XP, Enable, Exxon Mobil LLDPE, Exxon Mobil NTX, Exxon Mobil LDPE, Nexxstar, Exxon Mobil HDPE, and Pexon.

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• In September 2018, The company proposed to build a chemical complex in China which would increase their products demand in the country and can help in gaining better market share.

SINOPEC Corporation

Founded in 2001 and headquartered in Chaoyangmen, China. The company along with its subsidiaries produces plastics and resins, petroleum products and intermediate petrochemical products among others. The business segments in which company operates include exploration & oil production, chemicals, oil refining, research and development among others.

Plastics and plastic products, manufactured by the company found application into food & beverages and agricultural packaging. Various grades of plastics such as LDPE and polypropylene etc., are used in the extrusion sheet, waterproofing of materials, in low temperature frozen packaging and in low temperature cling films.

• In 2018, In August, the company announced to restart its polypropylene (PP) unit in Guangdong China. The polypropylene plant has a capacity of 200,000 MT peryear. This restart of the polypropylene unit will help to enhance overall production of polypropylene.

Chevron Phillips Chemical Company

Founded in 2000 and headquartered in Texas, U.S.A. The company is a global manufacturer of plastics and petrochemicals. It operates through two business segments which include olefins and polyolefins (O&P) and Specialties, Aromatics and Styrenics (SA&S). The commodity plastics fall under olefins and polyolefins (O&P) business segment. Product portfolio of the company include performance pipe, various grades of polyethylene including HDPE, LDPE, LLDPE, MDPE, LDLPE and others.

• In March 2018, the company started the operation of a new ethane cracker, at its Cedar Bayou facility in Baytown, Texas. The facility has a production capacity of around 1.5 billion metric tons/3.3 billion lbs. per year. The new plant will also produce polyethylene resins.