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Issue Vol. 9. 3 Issue 3. The economic winds shifted for chemical producers in 2. The collapse in the price of oil during the second half of the year was good news for European and Asian chemical companies, which enjoyed a reprieve from high raw material costs. But it was bad news for the Middle Eastern and U. S. firms that saw their usual advantage from using gas as a feedstock erode after their oil based competitors cut chemical prices. The decline in oil prices shows up as a trend in this edition of C ENs Global Top 5. Torrent Bigasoft Mkv Converter. Combined sales for the Global Top 5. Thats consistent with declining selling prices for chemicals, although nothing like the 4. Profits, on the other hand, rose. The 4. 4 companies in the ranking that publicly report profits combined for 8. Profit margins increased to 9. Although the overall changes were modest, this years Global Top 5. ShowCover.aspx?isbn=0136068545' alt='Chemical Engineering Gate Books Pdf' title='Chemical Engineering Gate Books Pdf' />By and large, petrochemical companies, which are closer to the oil barrel, lost ground to downstream specialty chemical makers. Five firmsAlpek, Eni, Potash. Corp, Styrolution, and Totaldropped from the list altogether. Alpek, Eni, and Styrolution make petrochemicals and polymers. Total does too, but it is gone because it no longer reports its petrochemical results. Potash. Corp suffered from a decline in potash prices. Newcomers to the survey this year are Hanwha Chemical, Siam Cement, BP, Ecolab, and Johnson Matthey. BP joined because it is now breaking out its chemical sales in a timely fashion. Siam Cement and Hanwha are benefiting from rising economic fortunes in Asia. Ecolab and Johnson Matthey are both specialty materials suppliers that are seeing strong growth. UFbG8FgjU/WfyfYiWN7RI/AAAAAAAAA9M/dkRI4HnMrKkeBwrMygvhCqKKErKT42fiACLcBGAs/w1200-h630-p-k-no-nu/GATE-Chemical-Engineering-Syllabus-Download-min.png' alt='Chemical Engineering Gate Books Pdf' title='Chemical Engineering Gate Books Pdf' />Regular readers of the Global Top 5. For the first time, C EN is providing short profiles of each of the top chemical companies. The numbers in the survey dont lie, but they also dont tell the whole story. I Pray For You Country Song Download'>I Pray For You Country Song Download. The new profiles complement the data by adding quick strategy reviews of the worlds top chemical makers. BASF2. 01. 4 Chemical Sales 7. Enlarge. BIRTHDAY BASH. Martin Brudermller, BASFs vice chairman, and Kurt Bock, the companys chairman, presided over the German chemical companys anniversary festivities. Credit BASFFor the ninth year in a row, BASF is the largest chemical company in the world. This year also happens to be the companys 1. April it threw itself a party. Attendees were treated to a musical composition, Symphony No. Water Dances, written by British composer Michael Nyman for the occasion and performed by Londons Royal Philharmonic Orchestra. The work was inspired by 1,5. BASF offices and plants. German Chancellor Angela Merkel was on hand, and in addition to praising the company, she did remind the audience about BASFs role in supplying chemical weapons during World War I and gas used in the Holocaust. BASFs strategic initiatives were modest during its birthday year. The company inked a deal last October to sell its textile chemicals business to Archroma, the former Clariant textile chemicals business now owned by SK Capital. In May, it agreed to sell its fine chemicals unit to Siegfried, continuing a trend by major chemical firms to beat a retreat out of custom synthesis. Dow Chemical. 20. Chemical Sales 5. Andrew N. Liveris, CEO of Dow Chemical, spent much of the past year on the defensive. His company was beset by activist investor Daniel S. Loeb, whose hedge fund Third Point owns 1. Dow. Loeb maintained that Dows strategy of integrating petrochemicals with downstream specialty chemicals was counterproductive and that the company, the largest U. S. chemical firm, should be earning 2. This marked a stark difference of opinion with Liveris, who once told reporters that a company focused solely on commodity chemicals has no control of its destiny except the whims of the markets. But before resorting to a contentious proxy fight, Liveris and Loeb made peace, and Dow allowed two Third Point directors on its board. Dow has since agreed to sell its chlorine and derivatives business to U. S. chlor alkali specialist Olin. Sinopec. 20. 14 Chemical Sales 5. Being the largest supplier of petrochemicals in the country that for a decade now has been the linchpin of global industrial growth has done wonders for Sinopecs chemical revenues. Chinas Sinopec is the worlds third largest chemical company. A decade ago it was merely the ninth largest with 1. However, Sinopecs strong position hasnt guaranteed high profits. Owing to a lack of competitive raw materials, China is one of the most expensive places in the world to make petrochemicals, which shows in Sinopecs operating loss for 2. SABIC2. 01. 4 Chemical Sales 4. Mohamed H. Al Mady, who led Saudi Basic Industries Corp. February to accept a post in Saudi Arabias defense industry. Al Mady presided over dynamic growth as SABIC used cheap Saudi ethane to fuel high profits and capital expansions. Knowing its feedstock advantage couldnt last forever, SABIC has rolled many of those profits into international acquisitions such as its 2. General Electric Plastics. Recently, the company has been focusing on technology. It is considering an oil to chemicals complex for the kingdom. It is forming a polyethylene joint venture with South Koreas SK Innovation, and it even has a nanotube venture, Black Diamond Structures, with U. S. based Molecular Rebar. Enlarge. JOB SITE. Some 4,0. Exxon. Mobils Baytown, Texas, site erecting an ethylene cracker. Credit Exxon. Mobil. Exxon. Mobil. 20. Chemical Sales 3. Unlike major oil companies such as Shell and BP, Exxon. Mobil never made major divestitures in petrochemicals. We see the value of the chemical businesses, former ExxonMobil Chemical president Stephen D. Pryor told C EN shortly after retiring on Jan. The prospective value of chemicals has only grown over time, and you will see chemicals an ever larger part of the company. Indeed, Exxon. Mobil recently doubled petrochemical capacity at its refining and petrochemical complex in Singapore. It is also building an ethylene cracker in Texas and working on a massive elastomers joint venture in Saudi Arabia with Saudi Basic Industries. Formosa Plastics. Chemical Sales 3. After a string of seven serious industrial accidents in 2. Formosa Plastics made a strategic imperative of upgrading its flagship complex in Mailiao, Taiwan. The company spent 4. Meanwhile, Formosa is also exploiting shale gas riches in the U. S. At its Point Comfort, Texas, complex, the company is building an ethylene cracker, a propane dehydrogenation unit, and polyethylene and polypropylene plants. Lyondell. Basell Industries. Chemical Sales 3. Fonepaw Iphone Data Recovery Registration Key'>Fonepaw Iphone Data Recovery Registration Key. Bhavesh V. Bob Patel, Lyondell. Basells new CEO, has some big shoes to fill. His predecessor, James L. Gallogly, led the company out of bankruptcy and made it one of the most respected names in petrochemicals by the time he retired early this year. Conservatism seems to be the companys mantra. While more than a dozen firms are building multi billion dollar U. S. ethylene crackers to take advantage of cheap shale gas, Lyondell is focusing on incremental expansions of existing plants as a way to boost output more quickly and cheaply. Enlarge. CLOSING ARGUMENT. Peltz addresses Du. Ponts annual meeting in Wilmington, Del., in May. Credit Du. Pont. Du. Pont. 20. 14 Chemical Sales 2. To activist investor Nelson Peltz and his firm Trian Partners, Du. Pont CEO Ellen J. Kullman and her management team cant do anything right. The 2. 7 stakeholder in Du.