The Global White Mineral Oil (Petroleum) Market was valued at USD 1.82 Billion in 2023 and is projected to reach USD 2.45 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period (2023–2030). This growth is fueled by rising demand in pharmaceuticals, cosmetics, and food processing sectors, coupled with stringent regulatory standards for purity and safety, and increasing adoption of sustainable refining processes to meet environmental compliance.

As industries worldwide prioritize high-purity, colorless, and odorless lubricants derived from petroleum, the focus sharpens on key producers who innovate in refining techniques, ensure compliance with global standards like USP and FDA, and push for eco-friendly practices. In this blog, we profile the Top 10 Companies in the White Mineral Oil (Petroleum) Industry—a blend of multinational oil corporations, specialty chemical firms, and regional leaders shaping the landscape of safe, versatile mineral oils for diverse applications.

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🔟 1. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: High-purity white mineral oils for pharmaceuticals, cosmetics, and industrial lubricants

ExxonMobil stands as a global powerhouse in the production of white mineral oils, leveraging its extensive refining network to supply ultra-pure grades that meet the highest international standards. The company’s petrochemical division caters to a wide array of sectors, including healthcare and personal care, where product safety and consistency are paramount. With investments in advanced hydrotreating processes, ExxonMobil ensures minimal impurities, making its offerings ideal for sensitive applications like drug formulations and baby oils.

Sustainability Initiatives:

• Enhanced refining to reduce environmental impact and energy use

• Partnerships with regulatory bodies to advance sustainable sourcing

• Commitment to carbon-neutral operations in key production facilities by 2050

Download FREE Sample Report: White Mineral Oil (Petroleum) Market – View in Detailed Research Report

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9️⃣ 2. Shell Global

Headquarters: London, United Kingdom
Key Offering: Food-grade and technical white mineral oils, pharmaceutical specialties

Shell operates one of the largest integrated energy networks, producing white mineral oils through state-of-the-art refineries that emphasize quality and reliability. Serving over 50 countries, the company supplies oils for plastics processing, agriculture, and cosmetics, with a strong emphasis on traceability from crude to final product. Its focus on innovation helps address the evolving needs of manufacturers seeking low-volatility and high-stability oils.

Sustainability Initiatives:

• Investments in low-emission refining technologies

• Collaborations with industry stakeholders to promote circular economy practices

• Targets for reducing Scope 1 and 2 emissions by 65% by 2030

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8️⃣ 3. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: USP-grade white mineral oils, industrial and cosmetic variants

Chevron’s downstream operations include specialized production of white mineral oils, benefiting from its vast crude oil resources and refining expertise. The company excels in delivering consistent viscosity grades for applications in pharmaceuticals and animal feed additives, supported by rigorous quality control measures. Through strategic expansions, Chevron meets the surging demand in emerging markets for safe, non-toxic petroleum derivatives.

Sustainability Initiatives:

• Development of bio-based alternatives to traditional mineral oils

• Partnerships for sustainable supply chain management

• Goal to achieve 100% renewable or low-carbon feedstocks in select products by 2030

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7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: Pharmaceutical and food-grade white mineral oils, specialty lubricants

TotalEnergies is a prominent European player, renowned for its high-purity white mineral oils produced via advanced distillation and purification methods. The firm supplies key industries like cosmetics and polystyrene manufacturing, ensuring compliance with EU REACH regulations. Its global distribution network facilitates efficient delivery, while ongoing R&D focuses on enhancing oil performance for high-temperature applications.

Sustainability Initiatives:

• Aim for 20% reduction in production emissions by 2025

• Inauguration of eco-efficient refining plants in strategic locations

• Integration of renewable energy in manufacturing processes

Download FREE Sample Report: White Mineral Oil (Petroleum) Market – View in Detailed Research Report

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6️⃣ 5. Calumet Specialty Products Partners

Headquarters: Indianapolis, Indiana, USA
Key Offering: Specialty white mineral oils for pharmaceuticals, cosmetics, and agriculture

Calumet specializes in niche petroleum products, with white mineral oils forming a core part of its portfolio. The company’s refineries produce oils with precise kinematic viscosities, catering to the phytosanitary and vaccine industries where purity is non-negotiable. By optimizing feedstock selection, Calumet maintains competitive pricing while upholding superior quality standards.

Sustainability Initiatives:

• Implementation of water recycling in refining operations

• Certification for sustainable production under ISO 14001

• Focus on reducing waste through process improvements

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5️⃣ 6. Sonneborn (now part of Patel Integrated)

Headquarters: Mahwah, New Jersey, USA
Key Offering: Premium white mineral oils for personal care, pharmaceuticals, and polymers

Sonneborn has long been a leader in specialty hydrocarbons, offering a broad range of white mineral oils tailored for demanding applications in cosmetics and medical devices. Its production facilities emphasize hydrogenation to achieve exceptional clarity and stability, serving major brands worldwide. The company’s dedication to innovation drives ongoing enhancements in product formulations.

Sustainability Initiatives:

• Transition to lower-carbon intensity in oil production

• Support for biodegradable alternatives in product lines

• Target of net-zero greenhouse gas emissions by 2040

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4️⃣ 7. Panama Petrochem Ltd.

Headquarters: Mumbai, India
Key Offering: Industrial and technical white mineral oils for polystyrene and textiles

Panama Petrochem is a key Asian producer, focusing on cost-effective white mineral oils for the plastics and rubber industries. With state-of-the-art plants in India, the company exports to over 40 countries, ensuring oils meet global purity benchmarks. Its growth is propelled by the booming demand in emerging economies for reliable extenders and process oils.

Sustainability Initiatives:

• Adoption of green chemistry in refining processes

• Community programs for environmental conservation

• Efforts to minimize VOC emissions in production

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3️⃣ 8. Savita Oil Technologies Ltd.

Headquarters: Mumbai, India
Key Offering: High-viscosity white mineral oils for agriculture, cosmetics, and specialty uses

Savita Oil Technologies excels in delivering customized white mineral oils, particularly for the phytosanitary sector where inert carriers are essential. Operating in India and expanding internationally, the firm prioritizes R&D to develop oils with enhanced thermal stability. Its agile manufacturing allows quick response to market fluctuations and customer specifications.

Sustainability Initiatives:

• Investment in solar-powered facilities

• Promotion of recyclable packaging for products

• Collaboration on sustainable agriculture practices

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2️⃣ 9. Suncor Energy Inc.

Headquarters: Calgary, Alberta, Canada
Key Offering: Refined white mineral oils for industrial and consumer applications

Suncor Energy, primarily known for its upstream operations, has a robust downstream segment producing white mineral oils for lubricants and additives. Drawing from Canadian bitumen resources, the company achieves high yields of pure oils suitable for pharmaceuticals and food contact. Its integrated approach ensures supply chain resilience amid global volatility.

Sustainability Initiatives:

• Reclamation of mining lands for biodiversity

• Reduction in freshwater usage in refining

• Alignment with UN Sustainable Development Goals

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1️⃣ 10. FUCHS Group

Headquarters: Mannheim, Germany
Key Offering: Specialty white mineral oils for automotive, pharmaceuticals, and metalworking

FUCHS leads in lubricants innovation, offering white mineral oils as base stocks for high-performance formulations. With a presence in 150 countries, the company provides oils for diverse applications, from vaccine adjuvants to cosmetic emollients. Its emphasis on quality assurance through advanced analytics sets it apart in a competitive field.

Sustainability Initiatives:

• Comprehensive energy efficiency programs across plants

• Development of low-SAPS (sulfated ash, phosphorus, sulfur) technologies

• Global targets for 30% reduction in CO2 emissions by 2030

Read Full Report: White Mineral Oil (Petroleum) Market – View in Detailed Research Report

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🌍 Outlook: The Future of White Mineral Oil (Petroleum) Is Purer and More Sustainable

The white mineral oil market is evolving rapidly, with traditional petroleum-based products maintaining dominance while the sector pours resources into greener refining, bio-hybrids, and purity enhancements to align with global sustainability mandates.

📈 Key Trends Shaping the Market:

• Expansion of production capacities in Asia to meet regional demand surges

• Stricter purity standards driving investments in advanced filtration technologies

• Growing emphasis on bio-based and recycled content in formulations

• Strategic alliances between producers and end-users for customized solutions

Read Full Report: White Mineral Oil (Petroleum) Market – View in Detailed Research Report

The companies highlighted here are not only refining essential petroleum derivatives—they’re leading the sustainable evolution of an industry vital to everyday innovation.