What we do
Vitol is a major and growing supplier of bulk raw materials from Asia and the Middle East to European and US chemicals consumers.
We deal directly with petrochemical producers and consumers, receiving shipments into our worldwide logistics facilities and using our reach and market knowledge as a global energy trader to identify and act upon arbitrage opportunities.
Our business is focused on two main products:
- Benzene – used among other things in the production of styrene, phenol and cyclohexane
- Paraxylene – a main feedstock for the manufacture of polyester
Where we do it
Vitol’s Chemicals team operates on a global basis across Europe, the Middle East, Asia, the Far East and the US. We have strategically situated storage in Rotterdam, Houston and Korea.
How we do it
We have an in depth understanding of world energy markets and can react to changes in the chemicals marketplace quickly and decisively. This knowledge and speed of response, combined with our ability to move physical product, means we are able to tolerate price fluctuations and better manage risk.