Summary:
The Singapore company, which was established in 1999, is a company that produces and trades petroleum and petrochemical products. The company is skilled in the supply of feedstock and offtake products which include aromatics and intermediates, olefins, specialty chemicals, and blending components.
The company is looking for European partners to distribute their products via distribution service agreements
Description:
The Singapore company was founded in 1999 and headquartered in Singapore has a track record of supplying and marketing petrochemicals and petroleum products for over 20 years. The company manufactures a wide range of products that include petroleum products, aromatics and intermediates, olefins, and polymers.
The company produces many petroleum products which include naphtha, gasoline/blending components, kero/jet A-1, gasoil and fuel oil. Naphtha is a flammable liquid hydrocarbon mixture that is used to dilute heavy crude oil and it is also used as fuel. Gasoline is a clear petroleum-derived flammable liquid that is used as a fuel in most engines. Kero/Jet A-1 is an aviation fuel that is suitable for most jet aircraft. Gasoil, commonly known as diesel, is a liquid fuel used in diesel engines, where fuel ignition takes place, without any sparks as a result of compression of the inlet air mixture and the injection of fuel. Fuel oil is oil obtained from petroleum distillation and it is burned in a furnace or boiler to generate heat or power.
The company also produces aromatics and intermediates which include benzene, toluene, paraxylene, pygas, methanol, cyclohexane, purified terephthalic acid (PTA), heavy aromatics, high aromatics solvents, mixed xylene, mono ethylene glycol (MEG) and white spirit. Benzene is a natural constituent of crude oil. Benzene is used to make other chemicals and rubbers, lubricants, dyes, detergents, drugs, explosives, and pesticides. Toluene is used as a solvent for paints, paint thinners, adhesives, lacquers, and disinfectants. Paraxylene is used as a chemical feedstock. Methanol is non-drinkable alcohol that is used to manufacture other chemicals and it can be used as fuel.
The company also produces olefins such as propylene, crude C4, butadiene, butene-1, and isoprene monomer.
Propylene, also known as propene is a gas that can be made into plastics. Butadiene is a raw material for the production of tires, paper, and plastics.
The company manufactures polymers including polyvinyl chloride (PVC), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE). PVC resin is used to produce pipes for industrial purposes. Other uses include cables, lightweight plastics, clothing, and flooring. HDPE is a polymer that can be made into fibers, rope, suits, plastic wraps, and other plastic products. LLDPE is a polymer that is used to make plastic bags and wraps.
The company is looking for European partners to distribute the products in the European market via a distribution services agreement.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
The Singapore company is looking for European partners who are in the petroleum and chemical industry to distribute their products in Europe. Ideal partners should be one that is currently distributing petroleum and aromatics products in Europe.
The partnership is done via distribution service agreement.
Stage of Development:
Already on the market
External code:
BOSG20200421001
