The Global Bio-ethylene Market was valued at USD 762.3 Million in 2025 and is projected to reach USD 2.1 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period (2024–2030). This robust growth is fueled by stringent environmental regulations, rising consumer demand for sustainable products, and significant investments in bio-based chemical production technologies.

As the chemical industry undergoes a profound transformation toward decarbonization and circular economy principles, bio-ethylene is emerging as a critical drop-in solution to replace its fossil-fuel-derived counterpart. In this blog, we profile the Top 10 Companies in the Bio-ethylene Industry—a diverse group of chemical giants, bio-refiners, and technology innovators leading the charge toward a sustainable future for plastics, packaging, and beyond.

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🔟 1. Braskem S.A.

Headquarters: São Paulo, Brazil
Key Offering: I’m green™ Bio-based Polyethylene (Bio-PE)

Braskem is the world’s leading producer of biopolymers and a pioneer in bio-ethylene. Its flagship I’m green™ Bio-PE is derived from sugarcane ethanol and is a chemically identical, drop-in replacement for conventional polyethylene. The company operates the world’s first industrial-scale green ethylene plant, cementing its position as a market leader.

Sustainability Initiatives:

• Achieved a production capacity of 200,000 tons/year of bio-ethylene

• Committed to expanding its portfolio of renewable chemicals and reducing carbon emissions

• Partnerships with global brands for sustainable packaging solutions

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9️⃣ 2. The Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Bio-derived ethylene and polyethylene grades

Dow is a global materials science leader with a strong commitment to sustainability. The company is integrating bio-based and renewable feedstocks into its extensive ethylene and polyethylene production chains, offering brands a pathway to reduce the carbon footprint of their products.

Sustainability Initiatives:

• Investing in partnerships to secure supplies of bio-naphtha and bio-ethanol

• Aiming to produce and market 3 million metric tons of circular and renewable solutions annually by 2030

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8️⃣ 3. LyondellBasell Industries Holdings B.V.

Headquarters: Rotterdam, Netherlands
Key Offering: CirculenRenew portfolio, bio-attributed polymers

LyondellBasell, one of the largest plastics, chemicals, and refining companies globally, is advancing its circular and renewable portfolio. Through its CirculenRenew brand, the company offers polymers made from bio-based feedstocks, utilizing a mass balance approach to introduce bio-ethylene into its value chain.

Sustainability Initiatives:

• Strategic goal to produce and market 2 million tons of recycled and renewable-based polymers annually by 2030

• Collaboration with Neste to use renewable feedstocks

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Global Bio-ethylene Market – View in Detailed Research Report

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7️⃣ 4. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: Trucircle™ portfolio including certified renewable polymers

SABIC is a global leader in diversified chemicals, actively developing its bio-based offerings. Its Trucircle™ portfolio includes polymers derived from second-generation bio-based feedstocks that do not compete with the food chain, demonstrating a commitment to advanced sustainability.

Sustainability Initiatives:

• Focus on chemical recycling and bio-based feedstocks to close the loop on plastics

• Aiming for 1 million metric tons of Trucircle™ solutions annual capacity by 2030

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6️⃣ 5. Neste Corporation

Headquarters: Espoo, Finland
Key Offering: Renewable hydrocarbons (Neste RE™) for chemicals production

While renowned for renewable diesel, Neste is a pivotal supplier of renewable feedstock to the chemicals industry. Its Neste RE™ products, made from 100% renewable raw materials, serve as a direct replacement for fossil resources in steam crackers to produce bio-ethylene and other bio-chemicals.

Sustainability Initiatives:

• Targeting to expand its renewable feedstock capacity to 6.8 million tons by 2030, with a significant portion allocated for polymers and chemicals

• Partnerships with key chemical companies like LyondellBasell and Covestro

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5️⃣ 6. TotalEnergies

Headquarters: Paris, France
Key Offering: Bio-attributed polymers, Circular polymers

TotalEnergies is integrating bio-based and circular feedstocks into its refining and petrochemical operations. The company is producing bio-attributed polymers, including polyethylene, by feeding bio-based intermediates like bio-naphtha into its steam crackers, thereby generating bio-ethylene.

Sustainability Initiatives:

• Target to produce 30% circular polymers by 2030

• Investments in bio-refining and plastic waste recycling technologies

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4️⃣ 7. Enerkem

Headquarters: Montréal, Québec, Canada
Key Offering: Bio-methanol from non-recyclable waste as a chemical building block

Enerkem is a technology innovator specializing in converting non-recyclable municipal solid waste into biofuels and chemicals. Its unique gasification process produces bio-methanol, which can be further converted into bio-ethylene through established methanol-to-olefins (MTO) pathways, offering a waste-to-chemicals solution.

Sustainability Initiatives:

• Commercial-scale facility in Edmonton, Canada, diverting waste from landfills

• Pioneering a circular economy model for the chemicals and fuels sectors

Download FREE Sample Report:
Global Bio-ethylene Market – View in Detailed Research Report

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3️⃣ 8. Shell Global

Headquarters: London, United Kingdom
Key Offering: Bio-ethylene via bio-naphtha cracking

Shell is leveraging its massive global chemical infrastructure to introduce bio-based pathways. By sourcing sustainable bio-naphtha derived from waste and residual oils, Shell co-processes these feedstocks in its steam crackers to produce bio-ethylene with a significantly lower carbon footprint.

Sustainability Initiatives:

• Ambition to produce 1 million tonnes per year of sustainable aviation fuel (SAF) and bio-fuel by 2025, with related bio-feedstock streams supporting chemicals

• Developing large-scale carbon capture and storage (CCS) to decarbonize energy and chemical production

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2️⃣ 9. Axens

Headquarters: Rueil-Malmaison, France
Key Offering: Atol® technology for bio-ethanol-to-ethylene dehydration

Axens is a leading technology provider, not a producer, but its role is critical. The company licenses its proprietary Atol® technology, which efficiently dehydrates bio-ethanol into polymer-grade bio-ethylene. This technology enables the establishment of decentralized bio-ethylene plants near ethanol production sites.

Sustainability Initiatives:

• Enabling the global deployment of bio-ethylene production units with its efficient, low-carbon technology

• Focus on second-generation ethanol-to-ethylene processes to avoid food-vs-fuel concerns

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1️⃣ 10. Cargill

Headquarters: Minnetonka, Minnesota, USA
Key Offering: Industrial bio-products and renewable feedstocks

Cargill, a global agricultural conglomerate, is a major producer of bio-based feedstocks, including ethanol and other renewable chemicals. Its extensive agricultural supply chain and focus on innovation position it as a key enabler and potential future producer in the bio-ethylene value chain.

Sustainability Initiatives:

• Committed to reducing supply chain greenhouse gas emissions

• Investing in novel bio-industrial products and partnerships to transform agricultural outputs into sustainable chemicals

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Global Bio-ethylene Market – View in Detailed Research Report

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🌍 Outlook: The Future of Bio-ethylene Is Scalable and Circular

The bio-ethylene market is transitioning from niche demonstrations to mainstream commercialization. The primary challenge remains scalability and cost-competitiveness with conventional ethylene; however, the mounting regulatory pressure and corporate sustainability commitments are creating an unprecedented market pull.

📈 Key Trends Shaping the Market:

• Accelerated investment in second-generation feedstocks (lignocellulosic biomass, waste oils) to mitigate food-versus-fuel concerns

• Widespread adoption of mass balance attribution methodologies to integrate bio-feedstocks into existing chemical complexes

• Strong regulatory push, particularly in the European Union with policies like the Green Deal and Plastic Tax

• Growing demand from brand owners in the packaging, automotive, and consumer goods sectors for sustainable material solutions

Get Full Report Here:
Global Bio-ethylene Market – View in Detailed Research Report

The companies profiled above are not only building the supply for bio-ethylene—they are fundamentally re-engineering the foundation of the modern chemical industry for a circular and low-carbon future.