The Global Bio-Based Ethylene Market was valued at USD 465.3 Million in 2024 and is projected to reach USD 608.0 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period (2024–2032). This growth is propelled by increasing demand for sustainable packaging, stringent government regulations promoting bio-based products, and ambitious corporate sustainability goals aimed at reducing carbon footprints across industries.

As the chemical industry pivots towards a more sustainable and circular economy, bio-based ethylene emerges as a pivotal building block for green polymers and chemicals. In this blog, we profile the Top 10 Companies in the Bio-Based Ethylene Industry—a strategic mix of petrochemical giants and specialized bio-refiners pioneering the future of renewable chemicals.

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🔟 1. Braskem

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

Braskem is the global leader in bio-based ethylene production, operating the world’s first commercial-scale plant producing ethylene from sugarcane ethanol. Its I’m green™ trademark is recognized worldwide for its sustainable credentials, serving major brands in packaging, automotive, and consumer goods.

Sustainability Initiatives:

• World’s largest producer of biopolymers with 200,000 tons/year capacity

• Committed to expanding bio-based portfolio and achieving carbon neutrality by 2050

• Strategic partnerships for developing new bio-based feedstocks and technologies

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Bio-Based Ethylene Market – View in Detailed Research Report

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9️⃣ 2. LyondellBasell

Headquarters: Rotterdam, Netherlands
Key Offering: CirculenRenew polymers, Bio-based ethylene derivatives

LyondellBasell, one of the world’s largest plastics, chemicals, and refining companies, is actively integrating bio-based and recycled content into its product lines. Its CirculenRenew portfolio includes polymers made from bio-based feedstocks, catering to the growing demand for sustainable materials.

Sustainability Initiatives:

• Investing in advanced recycling and bio-based technologies

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

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8️⃣ 3. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: TRUCIRCLE™ solutions, Certified Renewable Polymers

SABIC is a global leader in diversified chemicals, with a strong focus on its TRUCIRCLE portfolio of circular solutions. The company offers bio-based alternatives to conventional polymers, leveraging its large-scale production capabilities and global distribution network.

Sustainability Initiatives:

• Pioneering chemical recycling and bio-based feedstock adoption

• Committed to carbon neutrality by 2050 with significant interim targets

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7️⃣ 4. The Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Bio-based Polyethylene, Renewable & Circular Polymers

Dow is a major player in the materials science sector, developing bio-based ethylene derivatives for a wide range of applications. The company focuses on creating sustainable solutions that maintain performance while reducing environmental impact.

Sustainability Initiatives:

• Targeting to transform waste and alternative feedstocks into 3 million metric tons of circular and renewable solutions annually by 2030

• Collaborations with value chain partners to scale bio-based offerings

Download FREE Sample Report:
Bio-Based Ethylene Market – View in Detailed Research Report

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Certified Bio-based Products, Biomass Balance Approach

BASF employs its innovative biomass balance approach to offer bio-based chemicals that are certified to have a reduced carbon footprint. The company integrates bio-based feedstocks at the beginning of its production Verbund, enabling the mass balance attribution of renewable content to specific products.

Sustainability Initiatives:

• Aiming for carbon-neutral growth until 2030

• Expanding portfolio of biomass balanced products across various applications

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5️⃣ 6. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Bio-based Engineering Plastics, DURABIO™

Mitsubishi Chemical Group is a leading innovator in bio-based materials, including its DURABIO™ brand of bio-based engineering plastics derived from plant-based isosorbide. The company focuses on high-performance applications where sustainability is a key requirement.

Sustainability Initiatives:

• Committed to achieving carbon neutrality by 2050

• Developing advanced bio-based materials for automotive, electronics, and healthcare sectors

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4️⃣ 7. Neste

Headquarters: Espoo, Finland
Key Offering: Renewable hydrocarbons, Bio-based feedstocks for chemicals

While renowned for renewable diesel, Neste is rapidly expanding into renewable chemicals, providing bio-based feedstock alternatives for polymer and chemical production. The company’s proprietary NEXBTL technology enables the production of high-quality renewable hydrocarbons from waste and residue oils.

Sustainability Initiatives:

• Targeting to help customers reduce greenhouse gas emissions by at least 20 million tons annually by 2030

• Expanding renewable and circular solutions production capacity to 6.8 million tons by 2030

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3️⃣ 8. TotalEnergies

Headquarters: Paris, France
Key Offering: RE:newable polymers, Bio-sourced feedstocks

TotalEnergies is transforming its business towards cleaner energy and sustainable chemicals. The company is investing in bio-refining and developing bio-based alternatives to conventional polymers, leveraging its expertise in large-scale industrial operations.

Sustainability Initiatives:

• Aiming for net-zero emissions by 2050

• Producing renewable polymers with up to 100% bio-based content

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2️⃣ 9. Cargill

Headquarters: Minneapolis, Minnesota, USA
Key Offering: Bio-industrial products, Renewable chemical intermediates

Cargill leverages its extensive agricultural supply chain to produce bio-based chemical intermediates. The company’s focus on industrial biotechnology enables the conversion of renewable resources into a wide range of bio-based products, including potential pathways to bio-ethylene.

Sustainability Initiatives:

• Committed to sustainable agriculture and reducing supply chain emissions

• Investing in biotechnology innovations for renewable chemicals

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1️⃣ 10. Gevo, Inc.

Headquarters: Englewood, Colorado, USA
Key Offering: Renewable hydrocarbons, Isobutanol-derived chemicals

Gevo is a renewable fuels and chemicals company developing drop-in replacements for petroleum-based products. The company’s proprietary technology platform enables the production of bio-based isobutanol, which can be converted into various chemicals including ethylene derivatives.

Sustainability Initiatives:

• Focus on net-zero emission fuels and chemicals

• Developing sustainable aviation fuel and renewable chemicals from fermented grain

Get Full Report Here:
Bio-Based Ethylene Market – View in Detailed Research Report

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🌍 Outlook: The Future of Bio-Based Ethylene Is Sustainable and Circular

The bio-based ethylene market is at a critical inflection point. While currently representing a small fraction of the overall ethylene market, it is poised for significant growth as regulatory pressure and consumer demand for sustainable products intensify. The industry is investing heavily in advanced fermentation technologies, feedstock diversification, and integrated biorefineries.

📈 Key Trends Shaping the Market:

• Expansion of second-generation feedstocks from non-food biomass

• Integration of carbon capture and utilization technologies

• Growing adoption of mass balance certification systems

• Strategic partnerships across the value chain to scale production

Get Full Report Here:
Bio-Based Ethylene Market – View in Detailed Research Report

The companies profiled above are not only supplying green chemical building blocks—they’re driving the fundamental transformation toward a circular bioeconomy.