Synthetic Fuels Companies (2022-2023) Along With Major Strategic Developments
Synthetic Fuels Competitive Analysis
Companies in the synthetic fuels industry are working on expanding their product lines with gasoline, diesel, and jet fuel. The market is also experiencing collaborations among the major companies, as well as among the players and end users, to develop synthetic fuels. Further, many companies are setting up new plants or expanding the capacity of the existing plants for manufacturing synthetic fuels.
Top 5 Synthetic Fuels Producing Companies
- Shell plc
- Sasol Limited
- CHN Energy Investment Group Co.
- Chevron Corporation
- Exxon Mobil Corporation
Synthetic Fuels Producers
- Shell plc
- Sasol Limited
- Exxon Mobil Corporation
- Chevron Corporation
- CHN Energy Investment Group Co.
- PetroChina Company Limited
- Robert Bosch GmbH
- Red Rock Biofuels
- Phillips 66 Company
- Reliance Industries Ltd.
- Indian Oil Corporation Ltd.
- L'Air Liquide S.A.
- TotaEnergies SE
- Petro S.A.
- Qatar Energy
- TOPSOE
- SG Preston Company
- Neste
- Dakota Gasification Company
- Linda Engineering
- Inner Mongolia Yital Coal Co. Ltd.
Synthetic Fuels Companies News
- In October 2023, Exxon Mobil Corporation and Pioneer Natural Resources announced an agreement for ExxonMobil to acquire Pioneer. The acquisition is an all-stock transaction valued at USD 59.5 billion, or $253 per share, which will boost ExxonMobil’s oil production.
- In October 2023, China Energy announced that it had invested RMB 127.7 billion in clean and renewable energy from January to September, which was a year-on-year Increase of 51.7%.
- In August 2022, Shell Overseas Investment B.V., which is wholly owned by Shell plc, completely acquired Sprng Energy Group of Companies and Solenergi Power Private Limited from Actis Solenergi Limited (Actis).
- In February 2022, Chevron Corporation and Renewable Energy Group (REG) Inc. announced an agreement for Chevron to acquire all the outstanding shares of REG in an all-cash transaction. The acquisition combines REG’s growing renewable fuel production and feedstock capabilities with Chevron’s large manufacturing, distribution, and commercial marketing footprint. The transaction is expected to accelerate the progress toward Chevron’s goal to augment its renewable fuel production capacity.
- In 2021, Siemens Energy, Porsche, and a consortium of other companies came together to build an integrated plant, which began producing approximately 130,000 liters of synthetic fuels in 2022.
- In May 2020, Shell plc started manufacturing synthetic kerosene for aviation from hydrogen and recycled carbon.
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