Energy · input

Bitumen / Asphalt Binder

Petroleum-derived binder refined from extra-heavy crude oil (Venezuelan Orinoco, Canadian Alberta); constitutes 4-6% of asphalt mix by weight but is the quality and supply-constrained component

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Source countries

4

Companies

1

Goods affected

0

Claims on record

What depends on it

Goods that need this input

1 essential American goods rely on bitumen / asphalt binder somewhere upstream in their supply chain.

Where it comes from

Source countries

Share of global supply, by country.

Who makes it

Supplier companies

4 companies produce bitumen / asphalt binder.

Shell Bitumen (Shell International Trading and Shipping)

HQ NL15% share

Shell Bitumen (operated through Shell International Trading and Shipping Company / STASCO; Shell plc; The Hague Netherlands; NYSE: SHEL) is the world's largest global bitumen supplier by volume — producing, blending, and trading bitumen from Shell's global refinery network (Shell Pernis Rotterdam — Europe's largest refinery; Shell Gulf Coast US; Shell Singapore). Shell Bitumen operates dedicated bitumen vessels, terminal infrastructure, and a technical service network for asphalt mix design. Shell's Cariphalte, Bitushield, and Styrelf modified bitumen product lines are used in airport runways, high-traffic motorways, and bridge deck waterproofing. Shell does not provide separate revenue disclosure for bitumen — it is part of the Oil Products / Marketing & Trading segment — but Shell estimates it supplies 25-30 million tonnes/year of bitumen globally across owned and traded volumes.

ExxonMobil Chemical(XOM)

HQ US10% share

ExxonMobil Chemical Company (Spring, Texas; NYSE: XOM; chemical segment ~$12B revenue) produces Vistalon EPDM at its Baton Rouge, Louisiana and Baytown, Texas complexes — two of the world's largest integrated petrochemical sites. Vistalon EPDM holds an estimated 12-15% global market share. ExxonMobil's ethylene and propylene feedstock integration at its Gulf Coast facilities provides a cost structure advantage for EPDM production. Vistalon is used in automotive seals, roofing membranes, wire insulation, and plumbing and water system gaskets. ExxonMobil also produces Butyl rubber (Butyl IIR) and other specialty elastomers from the same Gulf Coast facilities — the same sites producing vehicle fuel also produce the rubber seals used in plumbing systems.

Nynas AB

HQ SE8% share

World's only independent specialist bitumen refiner; produces naphthenic specialty oils and bitumen; historically dependent on Venezuelan extra-heavy crude; sanctioned 2019-2020 due to PdVSA ownership stake, disrupting European bitumen supply

TotalEnergies SE(TTE)

HQ FR8% share

French integrated energy and petrochemical company (NYSE: TTE, HQ Paris). TotalEnergies produces n-hexane at the Gonfreville (Normandy, France) and Antwerp (Belgium) refinery complexes. TotalEnergies' Petrochemicals division supplies European hexane markets for oilseed extraction (French/EU canola oil, sunflower oil crushing) and pharmaceutical solvent use. The Gonfreville refinery (Norman Refining, ~246,000 bpd) is one of France's largest. TotalEnergies' hexane is food-grade certified for EU markets where canola (rapeseed) and sunflower oil crushing uses hexane extraction extensively.