The Global Ethylene Refrigerated Liquid Market was valued at USD 2.5 Billion in 2024 and is projected to reach USD 4.1 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2024–2032). This robust expansion is primarily fueled by rising polyethylene demand, expanding petrochemical infrastructure, and the critical advantages of cryogenic storage for efficient transportation and handling of this essential chemical feedstock.

As the global economy leans heavily on polymers and plastics, the need for reliable, high-purity ethylene supply chains is more crucial than ever. This blog profiles the Top 10 Companies in the Ethylene Refrigerated Liquid Industry—a group of integrated petrochemical giants and specialized producers who are shaping the future of this vital market.

---

🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Polymer Grade Ethylene, Chemical Grade Ethylene

Dow is a global leader in ethylene production, operating one of the world’s most extensive and integrated manufacturing networks. The company’s portfolio includes multiple world-scale ethylene crackers, particularly along the U.S. Gulf Coast, leveraging abundant shale gas economics. Their refrigerated liquid ethylene is a cornerstone for Dow’s downstream production of polyethylene, elastomers, and other high-value derivatives.

Innovation & Expansion Initiatives:

• Investing in net-zero emissions ethylene crackers by 2030

• Expanding Texas-based ethylene capacity by over 2 million metric tons annually

• Pioneering advanced recycling technologies to create circular ethylene feedstocks

Download FREE Sample Report: Global Ethylene Refrigerated Liquid Market – View in Detailed Research Report

---

9️⃣ 2. ExxonMobil Corporation

Headquarters: Spring, Texas, USA
Key Offering: Polymer Grade Ethylene, Specialty Ethylene Derivatives

ExxonMobil ranks among the largest global ethylene producers, with significant production assets in the Americas, Asia, and the Middle East. The company’s Baytown, Texas facility is one of the largest integrated petrochemical complexes worldwide. ExxonMobil is heavily focused on technology advancements to improve cracking efficiency and reduce the carbon footprint of its ethylene production.

Innovation & Expansion Initiatives:

• Multi-billion dollar ethane cracker project in Texas with 1.8 million tons/year capacity

• Developing proprietary advanced catalytic cracking technologies

• Carbon capture and storage integration at major ethylene facilities

---

8️⃣ 3. SABIC (Saudi Basic Industries Corporation)

Headquarters: Riyadh, Saudi Arabia
Key Offering: Polymer Grade Ethylene, Chemical Grade Ethylene

SABIC is a strategic global player with massive ethylene production capacity rooted in cost-advantaged feedstocks from the Middle East. The company operates an extensive global supply chain for refrigerated ethylene, serving markets across Asia, Europe, and the Americas. SABIC’s recent integration with Aramco further strengthens its feedstock security and market position.

Innovation & Expansion Initiatives:

• World-scale crude-oil-to-chemicals (COTC) project development

• Investment in thermochemical recycling technology for plastic waste-to-ethylene

• Global capacity expansions targeting Asian growth markets

---

7️⃣ 4. LyondellBasell Industries

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: Polyethylene Grade Ethylene, High-Purity Ethylene

LyondellBasell is one of the largest plastics, chemicals, and refining companies globally, with a significant stake in ethylene production. The company operates numerous ethylene production facilities across the U.S. and Europe, utilizing both naphtha and light feedstocks. Their technological expertise in proprietary ethylene processes gives them a competitive edge in production efficiency.

Innovation & Expansion Initiatives:

• Circular Economy Ambition: Produce 2 million metric tons of recycled & renewable-based polymers annually by 2030

• Advanced Polymer Modifiers technology for enhanced ethylene derivatives

• Strategic joint ventures in China and Middle East for capacity growth

Download FREE Sample Report: Global Ethylene Refrigerated Liquid Market – View in Detailed Research Report

---

6️⃣ 5. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: Ethylene Refrigerated Liquid, Ethylene Derivatives

Shell Chemicals is a major force in the global ethylene market, with substantial production assets in the U.S., Europe, and Asia. The company’s Pennsylvania-based ethylene cracker, using Marcellus shale gas, represents one of the largest recent investments in the sector. Shell is actively developing pathways to produce bio-ethylene and reduce the carbon intensity of its operations.

Innovation & Expansion Initiatives:

• Pioneering carbon capture utilization and storage (CCUS) for ethylene production

• Exploring biomass and waste-to-ethylene pathways

• Digitalization of ethylene supply chains for enhanced efficiency

---

5️⃣ 6. INEOS Group

Headquarters: London, United Kingdom
Key Offering: Polymer Grade Ethylene, Chemical Intermediates

INEOS is a leading global chemical company with significant ethylene production capacity across Europe and the U.S. The company operates state-of-the-art cracker facilities and has been aggressive in acquiring and upgrading ethylene assets. INEOS’s diverse feedstock flexibility allows it to adapt to changing market conditions and maintain competitive positioning.

Innovation & Expansion Initiatives:

• Major investment in new propane dehydrogenation (PDH) plant in Belgium

• Acquisition and revitalization of BP’s petrochemical assets

• Development of innovative ethylene production technologies through INOVYN joint venture

---

4️⃣ 7. Chevron Phillips Chemical Company

Headquarters: The Woodlands, Texas, USA
Key Offering: High-Purity Ethylene, Polymer Feedstock

Chevron Phillips Chemical, a joint venture between Chevron Corporation and Phillips 66, is a leading producer of ethylene and polyethylene. The company operates world-scale facilities in the U.S., Saudi Arabia, and Qatar, with a strong focus on technology innovation and operational excellence. Their proprietary methane-to-ethylene technology represents a potential game-changer for the industry.

Innovation & Expansion Initiatives:

• Developing novel catalytic processes for direct methane-to-ethylene conversion

• Expanding U.S. Gulf Coast ethylene capacity through joint venture projects

• Implementing advanced process control systems for optimized ethylene production

---

3️⃣ 8. Formosa Plastics Corporation

Headquarters: Taipei, Taiwan
Key Offering: Ethylene Refrigerated Liquid, PVC Feedstock

Formosa Plastics is a major Asian producer with significant ethylene capacity in Taiwan, the U.S., and China. The company operates fully integrated petrochemical complexes that convert ethylene into a wide range of plastic products. Formosa’s strategic location advantages in Asia position it well to serve the rapidly growing regional demand for ethylene derivatives.

Innovation & Expansion Initiatives:

• Multi-billion dollar investment in new Louisiana ethylene complex

• Expansion of Point Comfort, Texas ethylene facility

• Development of specialized ethylene grades for high-value applications

---

2️⃣ 9. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Chemical Grade Ethylene, Specialty Ethylene Products

BASF operates one of Europe’s most integrated chemical production sites in Ludwigshafen, with substantial ethylene production capacity. While primarily focused on chemical-grade ethylene for its extensive downstream portfolio, BASF is investing heavily in circular economy initiatives and sustainable production methods. The company’s Verbund concept maximizes efficiency across its ethylene value chain.

Innovation & Expansion Initiatives:

• Pioneering electrically heated steam crackers for CO2-free ethylene production

• Chemical recycling project to produce ethylene from plastic waste

• Partnerships for bio-based ethylene production from renewable resources

---

1️⃣ 10. Reliance Industries Limited

Headquarters: Mumbai, India
Key Offering: Polymer Grade Ethylene, Refrigerated Ethylene Logistics

Reliance Industries operates one of the world’s largest refining and petrochemical complexes in Jamnagar, India, with significant ethylene production capacity. The company has pioneered the use of refinery off-gases as feedstock for ethylene production, creating substantial cost advantages. Reliance is rapidly expanding its petrochemical footprint to meet growing Asian demand.

Innovation & Expansion Initiatives:

• Multi-billion dollar investment in new ethylene capacity using proprietary feedstock technology

• Development of India’s first carbon fiber unit using ethylene-based precursors

• Strategic partnerships for ethylene derivative exports to global markets

Get Full Report Here: Global Ethylene Refrigerated Liquid Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Ethylene Refrigerated Liquid is Smarter and More Sustainable

The ethylene refrigerated liquid market is undergoing a significant transformation. While traditional production methods dominate current capacity, the industry is investing substantially in low-carbon technologies, digital optimization, and circular economy principles to meet evolving environmental and economic demands.

📈 Key Trends Shaping the Market:

• Accelerated adoption of electric cracking furnaces and carbon capture systems

• Growing investment in chemical recycling technologies for plastic waste-to-ethylene conversion

• Digitalization of ethylene supply chains through IoT and predictive analytics

• Strategic partnerships between ethylene producers and technology innovators for sustainable production

Get Full Report Here: Global Ethylene Refrigerated Liquid Market – View in Detailed Research Report

The companies listed above are not only supplying essential petrochemical feedstocks—they’re driving the technological transformation of one of the world’s most critical chemical value chains.