Tuesday, April 17, 2018 7:23:20 PM
The global bitumen industry is characterized by integration through raw material supply to the manufacturing stages. Companies including Valero Energy Corporation, NuStar Energy, Suncor Energy, Athabasca Oil Corporation, Imperial Oil Limited, Syncrude are engaged in producing crude bitumen from oil sands. Companies including Sinopec, Indian Oil Corporation, Nippon Oil Corporation, ExxonMobil, Shell Bitumen, Petróleos Mexicanos (PEMEX) Nynas AB, Marathon Oil Corporation captively consume crude bitumen, refine it and then use it in various applications.
Companies including Imperial Oil Limited, Valero Energy Corporation, Petróleos Mexicanos (PEMEX) and Shell are integrated across three stages of the value chain. Kraton Performance Polymers has developed a Highly Modified Asphalt Technology (HiMA) to cater to the ever increasing demand from the paving and roofing sectors. This technology offers a broad range of modification options including styrene-isoprene-styrene, styrene-butadiene-styrene for high performance and superior quality.
Kraton Performance Polymer and British Petroleum are engaged in various grades of cost effective waterproofing applications that provide with high water resistance and ability to withstand extreme temperatures. Cenovus Energy Inc. and Suncor Energy Inc. are some of the companies which have cut down their capital expenditures owing to the declining oil prices. The Canadian bitumen has a huge demand in the U.S. due to the presence of a vast number of processing units and refineries.
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