Top Vacuum Gas Oil Companies

The global vacuum gas oil industry remains competitive with a mix of long-established oil and gas giants, innovative refining technology providers, and a rising wave of startups focused on cleaner and smarter refining processes. Major players such as ExxonMobil, Shell, BP, and Chevron continue to dominate the market with expansive refining capacities and integrated supply chains. However, there is growing momentum among smaller, agile startups leveraging AI, IoT, and sustainability-driven technologies to disrupt the traditional refining landscape. In February 2024, Chevron announced a collaboration with a startup named RefinoTech AI, a tech-driven firm specializing in real-time AI optimization for Vacuum Gas Oil cracking units. This partnership aims to deploy predictive maintenance and yield enhancement solutions across Chevron’s North American refineries. The move reflects a broader trend of legacy oil majors partnering with agile startups to optimize performance and remain compliant with environmental norms.

As the demand for cleaner and more efficient energy solutions rises, innovative startups are emerging within the market. These startups are focused on developing advanced refining processes, improving the efficiency of conversion technologies, and exploring sustainable alternatives for petroleum-based products. Additionally, they aim to enhance the economic and environmental impact of the refining processes by focusing on reducing carbon footprints, improving energy efficiency, and incorporating renewable resources.

• RefinoTech AI (Founded in 2018): To revolutionize refining efficiency through artificial intelligence and machine learning. RefinoTech AI focuses on real-time optimization of refining processes, including fluid catalytic cracking and Vacuum Gas Oil conversion. Its platform integrates sensor data, AI models, and refinery economics to enhance throughput, reduce emissions, and cut downtime.

• GreenCatalyze (Founded in 2020): To provide eco-friendly catalyst solutions for VGO and other heavy oil refining processes. GreenCatalyze develops high-efficiency, low-emission catalytic materials specifically designed for hydrocracking and VGO desulfurization. The company’s mission is to support a more sustainable refining industry by replacing traditional catalysts with greener alternatives that lower sulfur content and carbon footprint.

Top Player’s Company Profile

• Shell and Equinor

• APA Corporation

• ConocoPhillips

• ExxonMobil

• Chevron

• Diamondback Energy

• Occidental Petroleum

• EQT Corporation

• Chesapeake Energy

• Sunoco

• Oneok

• Devon Energy

• Chord Energy