The Global Bionaphtha (Bio-based Naphtha) Market was valued at USD 1.58 Billion in 2023 and is projected to reach USD 3.72 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period (2024–2030). This robust growth is fueled by stringent environmental regulations, increasing demand for bio-based plastics and chemicals, and the global push for a circular economy by replacing fossil-based naphtha with renewable alternatives.

Bionaphtha, a key bio-intermediate derived from sustainable feedstocks like vegetable oils, waste fats, and biomass, is rapidly becoming a cornerstone for producing green plastics and advanced biofuels. As industries decarbonize, the focus shifts to the leading producers and innovators in the bionaphtha space. In this blog, we profile the Top 10 Companies in the Bionaphtha Industry—a dynamic group of bio-refiners, energy majors, and chemical specialists pioneering the transition to a bio-based economy.

Download FREE Sample Report:
Global Bionaphtha (Bio-based Naphtha) Market – View in Detailed Research Report

---

🔟 1. UPM Biofuels

Headquarters: Helsinki, Finland
Key Offering: UPM BioVerno Naphtha

UPM Biofuels is a global forerunner in wood-based biofuels, producing its proprietary UPM BioVerno naphtha from sustainable forest biomass. This drop-in renewable feedstock is used for producing bio-plastics and biochemicals, offering a significant reduction in carbon footprint compared to fossil naphtha.

Sustainability Initiatives:

• World’s first commercial-scale wood-based biorefinery in Lappeenranta, Finland
• UPM BioVerno naphtha achieves over 80% GHG emission savings
• Committed to replacing fossil raw materials in the value chain

---

9️⃣ 2. Neste Corporation

Headquarters: Espoo, Finland
Key Offering: Neste RE™, a renewable feedstock for polymers and chemicals

Neste is the world’s leading producer of renewable diesel and sustainable aviation fuel, with bionaphtha (marketed as Neste RE) being a significant co-product. Its bionaphtha serves as a premium renewable raw material for the plastics and chemicals industry, enabling the production of everything from packaging to textiles with a lower carbon footprint.

Sustainability Initiatives:

• Targeting global leadership in renewable and circular solutions
• Expanding production capacity with a focus on waste and residue oils
• Strategic partnerships with major chemical companies like LyondellBasell and Covestro

---

8️⃣ 3. ENI S.p.A.

Headquarters: Rome, Italy
Key Offering: Bio-naphtha from Ecofining™ technology

Italian energy major ENI is a significant player in bio-refining, converting its traditional refineries into bio-refineries. Using its proprietary Ecofining™ technology, ENI produces high-quality bionaphtha from biological feedstocks, which is primarily used to create bio-plastics and biodegradable products.

Sustainability Initiatives:

• Converted conventional refineries in Venice and Gela into bio-refineries
• Aiming for over 5 million tons/year of bio-refining capacity by 2050
• Focus on advanced biofuels and bio-products from waste materials

---

7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: Bio-naphtha for bio-plastics and solvents

TotalEnergies is actively developing its bio-refining capabilities, producing bionaphtha as part of its broader strategy to supply the chemical industry with renewable feedstocks. The company’s bionaphtha is a key ingredient for producing sustainable polymers and other bio-based chemicals.

Sustainability Initiatives:

• Investing in bio-refining projects at its European sites
• Part of the BioTJet project to produce sustainable aviation fuel and bionaphtha from forestry residues
• Committed to net-zero emissions by 2050

Download FREE Sample Report:
Global Bionaphtha (Bio-based Naphtha) Market – View in Detailed Research Report

---

6️⃣ 5. Preem AB

Headquarters: Stockholm, Sweden
Key Offering: Renewable naphtha from the Synfuel project

Preem, Sweden’s largest fuel company, is advancing its ambitions in renewable fuels through projects like Preem Evolution, which will produce renewable naphtha alongside other biofuels. This positions Preem as a key supplier of bio-based feedstocks for the Nordic chemical industry.

Sustainability Initiatives:

• Investing in the Preem Evolution project for large-scale renewable fuel production
• Aiming to produce 1 million cubic meters of renewable fuel by 2027
• Focus on carbon capture and utilization to further reduce emissions

---

5️⃣ 6. Phillips 66

Headquarters: Houston, Texas, USA
Key Offering: Renewable naphtha from the Rodeo Renewed refinery

Phillips 66 is transforming its San Francisco Refinery in Rodeo, California, into one of the world’s largest renewable fuels facilities. The Rodeo Renewed project will produce renewable naphtha, diesel, and jet fuel, supplying the growing market for bio-based chemical feedstocks.

Sustainability Initiatives:

• Converting the Rodeo refinery to process used cooking oil, fats, and greases
• Targeting production of over 800 million gallons per year of renewable fuels
• Strategic focus on renewable feedstocks for the circular economy

---

4️⃣ 7. Diamond Green Diesel (Joint Venture: Valero & Darling Ingredients)

Headquarters: Norco, Louisiana, USA
Key Offering: Renewable naphtha as a co-product of renewable diesel

Diamond Green Diesel, a joint venture between Valero Energy and Darling Ingredients, is North America’s largest producer of renewable diesel. The facility also produces renewable naphtha, which is used as a feedstock for biodegradable plastics and other sustainable chemical applications.

Sustainability Initiatives:

• Uses recycled animal fats, used cooking oil, and inedible corn oil as feedstocks
• Significant expansion projects to increase production capacity
• Contributes to a circular economy by repurposing waste streams

---

3️⃣ 8. REPSOL

Headquarters: Madrid, Spain
Key Offering: Bio-naphtha from advanced biofuels plants

Repsol is a major integrated energy company with a strong commitment to decarbonization. It produces bionaphtha at its advanced biofuels plants, which serves as a crucial raw material for producing circular plastics and chemicals with a reduced carbon footprint.

Sustainability Initiatives:

• Building one of the world’s largest advanced biofuels plants in Cartagena, Spain
• Aiming for net-zero emissions by 2050
• Developing circular economy projects that integrate bionaphtha production

---

2️⃣ 9. Shell plc

Headquarters: London, United Kingdom
Key Offering: Bio-naphtha via hydrotreated vegetable oil (HVO) pathways

Shell is actively expanding its biofuel portfolio, with bionaphtha being a key product from its HVO units. This bionaphtha is used to create a wide range of bio-based products, supporting the chemical industry’s transition to more sustainable operations.

Sustainability Initiatives:

• Investing in large-scale biofuel production facilities, such as the Rotterdam biofuels plant
• Targeting to produce around 2 million tonnes of sustainable aviation fuel (SAF) per year by 2025
• Developing integrated energy and chemical parks with a focus on circularity

---

1️⃣ 10. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bio-based intermediates for chemicals and materials

ADM, a global leader in agriculture and nutrition, produces a range of bio-based intermediates, including potential streams analogous to bionaphtha, from its extensive biorefining operations. The company leverages its agricultural processing expertise to supply renewable raw materials to the chemical industry.

Sustainability Initiatives:

• Partnering with companies like LG Chem to produce sustainable polymers
• Investing in carbon capture and sequestration to decarbonize its operations
• Focusing on sustainable sourcing and reducing the carbon intensity of its products

Get Full Report Here:
Global Bionaphtha (Bio-based Naphtha) Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Bionaphtha is Circular and Integrated

The bionaphtha market is at the forefront of the bio-economy transition. As a versatile drop-in feedstock, it is critical for decarbonizing the plastics and chemicals sectors. Market growth is increasingly tied to technological innovation, feedstock sustainability, and supportive policy frameworks.

📈 Key Trends Shaping the Market:

• Rapid expansion of HVO (Hydrotreated Vegetable Oil) production capacity, directly increasing bionaphtha supply
• Increasing demand from the bioplastics sector, particularly for bio-PET and bio-polyolefins
• Stricter regulations and mandates for bio-content in plastics and chemicals, especially in Europe
• Advancements in feedstock flexibility, enabling the use of waste and residue oils over virgin vegetable oils

Get Full Report Here:
Global Bionaphtha (Bio-based Naphtha) Market – View in Detailed Research Report

The companies listed above are not only supplying a crucial renewable feedstock—they are actively building the foundation for a circular and sustainable chemical industry.