The Global Deasphalted Oils and Asphaltenes Market was valued at USD 6.8 Billion in 2023 and is projected to reach USD 9.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2024-2030). This growth stems from rising demand for high-quality refinery feedstocks, expanding lubricant base oil production, and increasing infrastructure investments driving asphalt consumption.

As refiners seek to maximize product yields from heavier crude slates while meeting stricter environmental regulations, solvent deasphalting technology has become an essential processing step. This analysis profiles the Top 10 Companies in the Deasphalted Oils and Asphaltenes Market—integrated energy majors and specialized processors shaping the industry’s technological evolution.

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🔟 1. TotalEnergies SE

Headquarters: Paris, France
Key Offerings: Deasphalted Oils (DAO), Solvent Deasphalting (SDA) Technology, Road Asphalt Modifiers

TotalEnergies operates multiple large-scale SDA units across its European and North American refineries, processing over 500,000 barrels/day of residue. The company’s proprietary separation technology achieves 85-90% DAO recovery rates while minimizing energy consumption.

Technological Advancements:

• Patented low-solvent consumption deasphalting process
• Integrated DAO upgrading with lube oil and hydrocracker units
• Innovative asphalt-rubber formulations for durable pavements

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9️⃣ 2. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offerings: ROSE™ Technology, Premium DAO Feedstocks, Asphalt Additives

ExxonMobil licenses its proprietary ROSE™ (Residuum Oil Supercritical Extraction) technology to refineries worldwide, with 32 units currently operating. Their Baytown refinery processes 120,000 bpd of vacuum residue into FCC feed and lube base stocks.

Technological Advancements:

• 90-93% DAO yield from heavy Venezuelan and Canadian crudes
• Integrated SDA-delayed coking configurations

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8️⃣ 3. Shell Global Solutions

Headquarters: The Hague, Netherlands
Key Offerings: Shell SDA Process, Bitumen Products, Marine Fuel Components

Shell’s Pernis refinery hosts one of Europe’s largest SDA facilities, processing 100,000 bpd of residue. The company supplies specialty bitumen products to over 70 countries and develops marine fuel formulations compliant with IMO 2020 regulations.

Technological Advancements:

• High-efficiency supercritical solvent recovery
• Bitumen modification technologies for extreme climates

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7️⃣ 4. Saudi Aramco

Headquarters: Dhahran, Saudi Arabia
Key Offerings: Arabian Heavy DAO, Asphaltene Dispersants, Bunker Fuels

Saudi Aramco’s Jazan Refinery features the world’s largest SDA unit at 400,000 bpd capacity. The company has developed specialized processes for handling high-sulfur residues from Arabian crudes.

Technological Advancements:

• Optimized DAO production from extra-heavy crude blends
• Asphaltene management systems for flow assurance

Download FREE Sample Report: Global Deasphalted Oils and Asphaltenes Market – View in Detailed Research Report

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6️⃣ 5. PetroChina Company Limited

Headquarters: Beijing, China
Key Offerings: DAO for Petrochemicals, Road Asphalts, Fuel Oil Components

PetroChina operates SDA plants at multiple refineries including Dalian and Urumqi, with combined capacity exceeding 300,000 bpd. The company has developed proprietary technologies for processing China’s domestic heavy crudes.

Technological Advancements:

• Catalytic deasphalting processes
• Modified asphalts for high-traffic roadways

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5️⃣ 6. Reliance Industries Limited

Headquarters: Mumbai, India
Key Offerings: Jamnagar DAO, Carbon Black Feedstock, Specialty Asphalts

Reliance’s Jamnagar complex processes 1.2 million bpd of crude through integrated SDA units, producing feedstocks for its world-scale petrochemical operations. The company converts asphaltenes into value-added carbon products.

Technological Advancements:

• 98% solvent recovery efficiency
• Vertical integration from crude to specialty products

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4️⃣ 7. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offerings: Isocracking Feedstocks, RoadStar™ Pavement Solutions

Chevron operates SDA units at major refineries including Pascagoula and Richmond, supplying premium DAO to its proprietary Isocracking process for maximum distillate production.

Technological Advancements:

• Hydroprocessing integration for high-quality base oils
• Polymer-modified asphalts with enhanced durability

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3️⃣ 8. Indian Oil Corporation Limited

Headquarters: New Delhi, India
Key Offerings: INDMAX FCC Feed, Specialty Bitumen Products

IOCL’s SDA units at Gujarat and Panipat refineries supply feedstock to its INDMAX FCC units, achieving 75% conversion to light olefins. The company has pioneered asphalt formulations for tropical climates.

Technological Advancements:

• Wax-tolerant deasphalting technology
• Rubberized asphalt for noise reduction

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2️⃣ 9. SK Innovation Co., Ltd.

Headquarters: Seoul, South Korea
Key Offerings: High-Purity DAO, Performance-Grade Asphalts

SK Innovation’s Ulsan and Incheon refineries process Asian and Middle Eastern crudes into premium DAO streams for petrochemical crackers and lube base oils.

Technological Advancements:

• Low-sulfur DAO production systems
• Smart pavement materials with embedded sensors

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1️⃣ 10. Petróleos de Venezuela, S.A.

Headquarters: Caracas, Venezuela
Key Offerings: Orinoco DAO, Oxidized Asphalts, Roofing Products

PDVSA has developed specialized SDA technologies for processing 8-10°API Orinoco extra-heavy crude into valuable feedstocks and specialty asphalt products.

Technological Advancements:

• Heavy crude upgrading expertise
• Patented asphalt modification processes

Get Full Report Here: Global Deasphalted Oils and Asphaltenes Market – View in Detailed Research Report

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🌍 Market Outlook: Evolving Technologies in Residue Upgrading

The deasphalting industry is undergoing significant transformation as refiners seek more efficient methods to convert bottom-of-the-barrel fractions into higher-value products while meeting environmental regulations.

📈 Key Industry Trends:

• Integration of SDA with hydrocracking and catalytic processes
• Development of non-solvent based separation technologies
• Growing demand for heavy oil upgrading in Asia-Pacific
• Circular economy approaches for asphaltene utilization

Get Full Report Here: Global Deasphalted Oils and Asphaltenes Market – View in Detailed Research Report

These industry leaders are not only processing residues—they’re pioneering the technologies that will define the future of heavy hydrocarbon upgrading in an increasingly carbon-conscious world.