Founded in 1988 and headquartered at Beijing, China, CNPC is the world’s leading integrated international energy company. The company operates globally through nine business segments, namely exploration & production, natural gas & pipelines, refining & chemicals, marketing & trading, overseas oil & gas operations, international trade, oilfield services, engineering & construction, and petroleum equipment manufacturing. CNPC produces and sells different chemical products, which are widely used in the automobiles, buildings, electronics, pharmaceuticals, printing, household appliances, and shoes industries. The company conducts its n-butanol business through the refining & chemicals business segment. The company produces n-butanol to be used as a solvent and as a feedstock for syntheses of butyl acrylates, butyl acetates, and in the coatings industry.
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In 2011, CNPC and National Natural Science Foundation of China (NSFC) signed an agreement to jointly establish a “United Petrochemical Fund “. This enhanced the technological hold of the company in various chemicals, including oxo-alcohols.
Headquartered in Ludwigshafen, Germany, BASF SE is the largest chemical producer in the world. BASF originally stands for Badische Anilin-und Soda-Fabrik. The BASF Group comprises of subsidiaries and joint ventures in over 80 countries and operates through six integrated production sites and 390 other production sites across Europe, Asia-Pacific, Africa, America, and Africa. The company had employee strength of 112,000, with over 52,500 in Germany alone, in 2013. The company’s revenues in 2014 were recorded to be $1,879.6 million.
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BASF produces n-butanol, a large part of which is converted into derivatives (primarily esters) to use as solvents in the coatings industry. The company also utilizes a major part of n-butanol produced as additives in polishes & cleaners, gasoline for spark ignition engines and de-icing fluids, solubilizer in textiles industry, chromatography, and feedstock for the production of glycol ethers.
BASF is increasing its production capacities for n-butanol and has invested in an acrylic acid plant with a capacity of 160,000 tons per year and a butyl acrylate plant in Asia-Pacific.
Sinopec Corp. is one of the largest integrated energy and chemical companies in China. It is also China's second-largest crude oil producer. The company is China's largest producer and supplier of refined oil products (including gasoline, diesel and jet fuel, etc.) The company also deals in major petrochemical products (including synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, chemical fertilizers, and petrochemical intermediates).
In February 2013, Sinopec selected the LP Oxo Technology to produce butanol and isobutanol in a plant in Anqing City, with a capacity of 115,000 tons/year (n-butanol) and 23,000 tons/year (isobutanol). In May 2013, BASF and Sinopec considered the further expansion of their Nanjing joint venture BASF-YPC Limited, with the expansion of acid value chain with additional acrylic acid and butyl acrylate.
The major participants operating in the Asia-Pacific n-butanol market are BASF SE, Formosa Plastics Corporation, China National Petroleum Corporation (CNPC), Sinopec Ltd., and Yancon Cathay Coal Chemicals.
