Chemical Industry Companies that Use IBC Tanks
If you consider whether it’s a good idea to use IBC tanks for your chemical industry company, you might be wondering what other big players in the industry are doing. After all, it’s important to learn all you can about IBC Tanks in the Chemical Industry before making a big investment.
To help you out with your research, we have compiled lots of information on this topic below. In addition to giving off a list of the most noteworthy companies that use IBC tanks, we will also discuss some of the reasons why this is the case.
Why Chemical Industry Companies Use IBC Tanks
One of the top reasons that chemical industry companies use IBC tanks is their inherent ability to store potentially hazardous chemicals safely. Not to mention, there are various forms of legislation in place internationally that oblige companies to use high-quality storage devices like these.
At the need of the day, though, the level of security, customization, and adaptability for the future are the top reasons any company that needs to mass-store materials should consider IBC containers.
BASF is a German company that stretches its influence across 80 different countries. With customers in just about any country of the world, a net income of over 8.4 billion in 2019, they are the world’s largest chemical industry company.
Even though this company is as massive as they are, they tend to fall a little under the radar, with a founding date going back to the mid 19th century. The fact that they also heavily make use of IBC containers is very telling of how useful these products are.
The Dow Chemical Company
The DOW Chemical Company has long been one of the most sought-after publically trading companies housed in the USA. Long known as one of the most successful chemical industry companies globally, they have customers in over 160 countries worldwide.
To store materials during the process of production, IBC tanks are used by the DOW Chemical company. Considering the huge amount of influence that DOW has on the global chemical industry, it is no surprise that global authorities are beginning to more and more see the benefits of the mass adoption of IBC containers.
Saudi Basic Industries Corporation (SABIC)
Housed in Saudi Arabia and dating back to 1976, SABIC is widely remarked for its incredible growth ability. With such a short history, they soon built their way up to becoming the second-largest publically traded company in the Middle East. This alone says a lot about their level of influence in the chemical industry market.
Like other top players in this industry, SABIC sees the value of using IBC containers. For this reason, they are utilized by SABIC in various parts of their production processes. With further improvements inbound IBC containers, we imagine that this trend will only continue inside the SABIC headquarters.
China National Petroleum Corporation
Widely known for its incredible amounts of revenue and extreme talent in the chemical industry’s energy sector, China National Petroleum Corporation also has its eyes set on the future. For example, they recently completed a hydrogen station that will power the 2022 Winter Olympics in Beijing.
A company with such an incredible background and wide level of appeal across borders should be taken seriously by those seeking to emulate some of their strategies for success potentially. Notably, they also make full use of IBC tanks for their production.
Mitsubishi Chemical Holdings
Formed in 2005 as a result of a merger between two companies, Mitsubishi Chemical Holdings is a public company based in Japan. With an emphasis on sustainability and having practices that do not hold the environment in the long term, this company will likely align well in a future circular economy.
Being one of Japan’s most important corporations, this company’s practices have a lot of influence in both the country of Japan and abroad. For this reason, we find it not surprising at all that they make full use of IBC containers wherever possible throughout their production processes.
LyondellBasell is another noteworthy company in the chemical industry that uses IBC tanks to store materials and chemicals. With offices both in the USA and in the UK, this chemical industry company has a large influence worldwide. There should be no surprise, then, that they are also one of the top chemical industry companies in the world.
INEOS is another giant in the chemical industry. With locations in over 29 countries that encompass over 26 different businesses and 194 locations, few areas in the world do not fall under the reach of INEOS.
Many people who want to model a company’s success like this should also consider the type of practices that go into their production. IBC containers are one of the most important parts of their production and storage.
With its headquarters in Mumbai, India, Reliance Industries is also the largest publically traded company in India. It is also one of the most commonly listed companies in the Fortune Global 500. Ranking at 96th in 2020, we expect this growth to continue.
This is because the chemical industry will likely continue to increase in demand in the Indian market. Their quality and use of sustainable technology such as IBC tanks will attract the attention of customers abroad. Reliance Industries still has lots of room for further expansion on the global scene.
Toray Industries stands out as unique among other chemical industry companies for focusing on biochemistry, polymer chemistry, and organic synthetic chemistry. They are also one of Japan’s largest companies, with a history dating back all the way to 1926.
This corporation is also now the world’s largest producer of carbon fiber. In Japan, they are also widely trusted for producing high levels of synthetic fiber. Throughout their processes, they utilize and trust IBC containers for storing bulk amounts of materials.
Nutrien has built up quite a name for themselves since only being started in 2018. In just this short span of being open, they have built up assets valued at over 47 billion and an estimated annual revenue in 2020 of $459 million.
One of the reasons that Nutrien was perhaps able to catch up to other global giants in the chemical industry is that they made full use of IBC containers. As we know, IBC containers are great for both safety and efficiency. We imagine that using IBC containers only helped to serve their cause during their period of growth.
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