The Global Bionaphtha (Bio-based Naphtha) Market was valued at USD 5.2 Billion in 2025 and is projected to reach USD 10.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period (2024–2030). This robust growth is being fueled by escalating demand for sustainable chemicals and fuels, stringent environmental regulations, and the transition of the petrochemical industry toward renewable feedstocks.

As the world pivots toward a low-carbon future, bionaphtha has emerged as a critical drop-in solution for producing bio-based plastics, sustainable aviation fuel (SAF), and green solvents. In this blog, we profile the Top 10 Companies in the Bionaphtha Industry—a dynamic mix of biofuel refiners, energy majors, and chemical innovators shaping the future of the circular bioeconomy.

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🔟 1. Neste Corporation

Headquarters: Espoo, Finland
Key Offering: Neste RE™ Bio-based Naphtha

Neste is the undisputed global leader in renewable fuels and a pioneer in bionaphtha production. The company leverages its proprietary NEXBTL technology to produce high-purity bionaphtha from waste and residue oils. This bionaphtha serves as a sustainable feedstock for bioplastics and biochemicals, enabling brands to reduce the carbon footprint of their products.

Sustainability Initiatives:

• Target to process over 1 million tons of waste plastic per year by 2030

• Global leader with bionaphtha production capacities in Finland, the Netherlands, and Singapore

• Strategic partnerships with major chemical companies like LyondellBasell and Borealis

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9️⃣ 2. UPM Biofuels

Headquarters: Helsinki, Finland
Key Offering: UPM BioVerno Naphtha

UPM Biofuels is a frontrunner in advanced biofuels, producing UPM BioVerno naphtha from sustainable crude tall oil, a residue of the pulp-making process. Their bionaphtha is a direct replacement for fossil naphtha in steam crackers, facilitating the production of renewable plastics and chemicals.

Sustainability Initiatives:

• State-of-the-art biorefinery in Lappeenranta, Finland, with significant bionaphtha output

• Committed to the circular economy by utilizing forest industry residues

• Long-term supply agreements with leading players in the chemical industry

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8️⃣ 3. ENI S.p.A.

Headquarters: Rome, Italy
Key Offering: Bio-naphtha from the Venice Biorefinery

Italian energy giant ENI is rapidly transforming its traditional refineries into biorefineries. Its facility in Venice is one of the first convenitional refineries in the world to be converted for the production of hydrogenated vegetable oil (HVO) and bionaphtha from used cooking oil and animal fats.

Sustainability Initiatives:

• Target to increase biorefining capacity to over 5 million tons/year by 2030

• Development of proprietary Ecofining™ technology for biofuel production

• Strategic focus on waste and residue feedstocks to ensure sustainability

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7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: Bio-based Naphtha co-processed with conventional feeds

TotalEnergies is actively investing in the production of biofuels, including bionaphtha, as part of its ambition to achieve net-zero by 2050. The company is integrating bio-feedstocks into its existing refining and petrochemical assets to produce low-carbon products.

Sustainability Initiatives:

• Co-processing biomass-derived feeds at its European refineries

• Partnerships with technology providers to advance biofuels production

• Commitment to produce 5% sustainable aviation fuel (SAF) for French airports by 2030, leveraging bionaphtha pathways

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6️⃣ 5. Preem AB

Headquarters: Stockholm, Sweden
Key Offering: Renewable naphtha from the Preem Evolution initiative

Preem, Sweden’s largest fuel company, is a key player in the Nordic bionaphtha market. Through its Preem Evolution project, the company is scaling up the production of renewable fuels, including bionaphtha, which is crucial for decarbonizing the chemical industry.

Sustainability Initiatives:

• Investment in refinery upgrades to significantly increase renewable fuel production

• Focus on producing renewable products that meet Sweden’s ambitious climate goals

• Utilization of a mix of feedstocks, including tall oil and other forestry residues

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5️⃣ 6. Phillips 66

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

Phillips 66 is undertaking one of the most significant refinery conversions in the United States. Its Rodeo Renewed project in California aims to transform the San Francisco Refinery into the world’s largest renewable fuels facility, producing renewable diesel, SAF, and bionaphtha.

Sustainability Initiatives:

• Projected production of over 800 million gallons per year of renewable fuels upon completion

• Bionaphtha output will serve as a key feedstock for sustainable plastics and chemicals

• Strategic positioning to meet growing demand for bio-based products in North America

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

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4️⃣ 7. Diamond Green Diesel (DGD)

Headquarters: Norco, Louisiana, USA (Joint Venture: Darling Ingredients & Valero)
Key Offering: Renewable naphtha as a co-product of renewable diesel

Diamond Green Diesel is a premier joint venture between Darling Ingredients and Valero, operating one of the largest renewable diesel plants in the world. The facility produces renewable naphtha as a valuable co-product, which is marketed as a low-carbon feedstock for the chemical industry.

Sustainability Initiatives:

• Utilizes recycled animal fats, used cooking oil, and inedible corn oil as feedstocks

• Continuous expansion of production capacity to meet surging demand

• Significant contributor to the North American supply of bio-based intermediates

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3️⃣ 8. Repsol S.A.

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

Repsol has placed the circular economy at the core of its strategy, with ambitious plans to build Spain’s first advanced biofuels plant alongside its existing assets. The company is developing pathways to produce bionaphtha from organic waste, positioning itself as a key supplier in Southern Europe.

Sustainability Initiatives:

• Investment of €2.5 billion in low-carbon initiatives by 2030, including advanced biofuels

• Pioneering the use of pyrolysis oil from urban waste for bionaphtha production

• Aims to produce 1.3 million tons of sustainable biofuels by 2025 and 2 million tons by 2030

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2️⃣ 9. OMV Group

Headquarters: Vienna, Austria
Key Offering: Bio-naphtha via co-processing at its Schwechat Refinery

The OMV Group is actively integrating renewable feedstocks into its refining and chemical operations. At its Schwechat Refinery in Austria, OMV is co-processing sustainable feedstocks to produce bionaphtha, which is used to create certified renewable polyolefins.

Sustainability Initiatives:

• Strategic focus on circular economy solutions, including chemical recycling and biofuels

• Partnerships with innovators to scale up renewable feedstock supply chains

• Goal to increase the share of circular products and solutions in its portfolio

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1️⃣ 10. REG (Renewable Energy Group, part of Chevron)

Headquarters: Ames, Iowa, USA
Key Offering: Renewable naphtha from biodiesel and renewable diesel production

Following its acquisition by Chevron, REG is a powerhouse in North American biofuel production. The company produces renewable naphtha as a co-product, which is increasingly sought after as a cleaner feedstock for plastics and synthetic rubber.

Sustainability Initiatives:

• Access to Chevron’s vast distribution network and resources for scaling production

• Expertise in utilizing diverse feedstocks like soybean oil, canola oil, and animal fats

• Commitment to advancing lower carbon intensity solutions across the value chain

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

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🌍 Outlook: The Future of Bionaphtha Is Integral to a Circular Economy

The bionaphtha market is at a pivotal juncture, transitioning from a niche product to a mainstream commodity essential for decarbonizing the chemical and plastics industries. While current production is dominated by first-generation feedstocks, the future lies in advanced and waste-based sources.

📈 Key Trends Shaping the Market:

• Rapid scaling of Hydrotreated Vegetable Oil (HVO) facilities, with bionaphtha as a key co-product

• Stringent regulations like the EU’s ReFuelEU Aviation and FuelEU Maritime initiatives driving demand for bio-based feedstocks

• Growing consumer and brand owner pressure for bio-based and recycled content in plastics and chemicals

• Advancements in chemical recycling technologies, creating new pathways for bionaphtha production from plastic waste

The companies listed above are not only supplying a vital renewable feedstock—they are building the infrastructure for a bio-circular economy that reduces reliance on fossil resources and cuts greenhouse gas emissions.

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