On September 13, 2021, Chemical Weekly released its latest “Billion Dollar Club of Global Chemical Company” ranking. The ranking is based on each company’s 2020 chemical sales, and the threshold for this year’s Billion Dollar Club ranking is $2.8 billion, with BASF, Sinopec, and Dow Chemical occupying the top three spots. German chemical giant BASF continues to hold the top spot, having topped the list 10 times in the past 13 years.

The top ten chemical companies are not much different from 2020, among which three Chinese companies entered the top ten of the list, namely Sinopec, Formosa Plastics Group, and China National Chemical Corporation, with Formosa Plastics Group and China National Chemical Corporation ranking No. 4 and No. 7 respectively, both up one position from the 2020 ranking.

In terms of country distribution, chemical companies from the U.S., Japan, China, and Germany predominate, with 28, 16, 13, and 9 companies from the four countries on the list, respectively.

 Among the 13 Chinese finalists, Hengli Petrochemicals and Rongsheng Petrochemicals rose significantly in ranking, with Hengli Petrochemicals rising from 27th to 14th last year and Rongsheng Petrochemicals rising from 51st to 24th last year.