The Global Bionaphtha (Bio-based Naphtha) Market was valued at USD 1.85 Billion in 2025 and is projected to reach USD 4.21 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period (2024–2030). This robust growth trajectory is fueled by stringent environmental regulations, corporate sustainability pledges, and the escalating demand for bio-based feedstocks in the production of biofuels and bioplastics.

As the global economy pivots towards decarbonization and a circular bioeconomy, bionaphtha has emerged as a critical drop-in solution, serving as a renewable feedstock for Sustainable Aviation Fuel (SAF) and bio-based chemicals. This blog profiles the Top 10 Companies in the Global Bionaphtha Industry—leading producers and innovators who are building the supply chains essential for a sustainable future.

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🔟 1. Neste Oyj

Headquarters: Espoo, Finland
Key Offering: Neste RE™, a premium bio-based raw material

Neste is a global leader in renewable and circular solutions, producing bionaphtha as a co-product alongside its renowned renewable diesel. Its proprietary NEXBTL technology enables the flexible production of high-quality bionaphtha from a variety of waste and residue oils.

Sustainability Initiatives:

• Goal to process over 1 million tons of waste plastic annually by 2030

• Global leader in SAF production, with bionaphtha as a key intermediate

• Committed to carbon-neutral production by 2035

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9️⃣ 2. UPM Biofuels

Headquarters: Helsinki, Finland
Key Offering: UPM BioVerno naphtha

UPM Biofuels operates one of the world’s most advanced biorefineries in Lappeenranta, Finland, producing sustainable wood-based biofuels, including bionaphtha. Their BioVerno naphtha is a versatile, high-quality feedstock for plastics and chemicals.

Sustainability Initiatives:

• Production based on sustainable forest management and certified wood residues

• Major partnerships with chemical companies for bio-based polymers

• Focus on reducing the carbon footprint of the transportation and plastics sectors

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8️⃣ 3. ENI S.p.A.

Headquarters: Rome, Italy
Key Offering: Bio-naphtha from the Venice and Gela biorefineries

Italian energy major ENI has converted two of its traditional refineries into advanced biorefineries, producing hydrogenated vegetable oil (HVO) and bionaphtha. These facilities utilize Eni’s Ecofining™ technology to process biological feedstocks.

Sustainability Initiatives:

• Investment in circular economy projects and advanced biofuel research

• Supply agreements with major chemical producers for bio-based intermediates

• Strategic goal to expand biorefining capacity to over 5 million tons/year by 2050

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7️⃣ 4. TotalEnergies SE

Headquarters: Paris, France
Key Offering: Bio-naphtha from the La Mède biorefinery

TotalEnergies is actively developing its biofuels portfolio, with its La Mède biorefinery in France producing bionaphtha alongside renewable diesel. The company is focused on advancing the entire value chain for renewable feedstocks.

Sustainability Initiatives:

• Partnerships with biotechnology firms for advanced feedstock development

• Integration of bionaphtha into the production of bio-based polymers

• Net-zero ambition across operations by 2050

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6️⃣ 5. Preem AB

Headquarters: Stockholm, Sweden
Key Offering: Preem Evolution Diesel and co-produced bionaphtha

As Sweden’s largest fuel company, Preem is a key player in the Nordic biofuels market. Its refineries are being adapted to produce renewable fuels, with bionaphtha being a significant co-product for the chemical industry.

Sustainability Initiatives:

• Major investments in refinery conversion projects (Preemraff Lysekil)

• Focus on utilizing residual products like tall oil and animal fats

• Aiming to produce 5 million cubic meters of renewable fuels by 2030

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5️⃣ 6. Phillips 66

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

Phillips 66 is transforming its San Francisco Refinery in Rodeo, California, into one of the world’s largest renewable fuels facilities. This “Rodeo Renewed” project will significantly boost its production of renewable diesel, jet fuel, and bionaphtha.

Sustainability Initiatives:

• Target to produce 800 million gallons per year of renewable fuels upon project completion

• Strategic focus on creating a sustainable product slate for the energy transition

• Investment in feedstocks like used cooking oil and fats

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

Headquarters: Norco, Louisiana, USA
Key Offering: Renewable diesel and co-product bionaphtha

Diamond Green Diesel is a joint venture between Valero Energy and Darling Ingredients. It is the largest commercial-scale renewable diesel plant in the U.S., producing significant volumes of bionaphtha as a valuable co-product from recycled animal fats and used cooking oil.

Sustainability Initiatives:

• Utilization of waste-based feedstocks, promoting a circular economy

• Continuous expansion of production capacity to meet growing demand

• Significant lifecycle greenhouse gas reduction compared to fossil-based products

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3️⃣ 8. Repsol S.A.

Headquarters: Madrid, Spain
Key Offering: Bio-naphtha from its Cartagena and other refinery upgrades

Repsol is making substantial investments to decarbonize its industrial complexes, including the production of biofuels and bionaphtha. The company has announced advanced biofuels projects that will integrate bionaphtha output into its chemical business.

Sustainability Initiatives:

• Pioneering the use of pyrolyzed waste as a feedstock for bionaphtha production

• Target of 1.3 million tons of sustainable biofuel production by 2025 and 2 million tons by 2030

• Net-zero emissions目标 by 2050

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2️⃣ 9. Shell PLC

Headquarters: London, United Kingdom
Key Offering: Bio-naphtha from its energy and chemicals parks

Shell is integrating bionaphtha production into its global assets, such as the Energy and Chemicals Park Rheinland in Germany. The company is leveraging its expertise in both traditional refining and emerging low-carbon technologies.

Sustainability Initiatives:

• Investment in large-scale biofuels facilities, including the Rotterdam biofuels plant

• Development of carbon capture and storage (CCS) to create lower-carbon energy products

• Aiming to have at least 10% of its chemical sales as circular and bio-based products by 2030

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1️⃣ 10. CHEMENT

Headquarters: Finland
Key Offering: Bio-naphtha as a chemical recycling output

CHEMENT represents a new wave of technology providers focused on chemical recycling. These companies convert mixed plastic waste back into its molecular building blocks, such as bionaphtha, which can then be used to create virgin-quality plastics.

Sustainability Initiatives:

• Focus on solving the plastic waste challenge through advanced recycling

• Enabling a true circular economy for plastics

• Partnerships with major petrochemical and consumer goods companies

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🌍 Outlook: The Future of Bionaphtha is Integral to a Sustainable Economy

The bionaphtha market is at the forefront of the industrial bio-revolution. Its role as a versatile, drop-in bio-feedstock makes it indispensable for decarbonizing hard-to-abate sectors like aviation (via SAF) and chemicals (via bio-plastics). The market’s evolution is characterized by rapid technological advancement and strategic alliances.

📈 Key Trends Shaping the Market:

• Expansion of HVO (Hydrotreated Vegetable Oil) production capacity, with bionaphtha as a key co-product

• Growing policy support, including blending mandates and carbon pricing mechanisms like the EU ETS

• Rise of chemical recycling, creating “circular” bionaphtha from plastic waste

• Vertical integration among chemical companies securing long-term supplies of sustainable feedstocks

The companies profiled above are not just suppliers; they are architects of a new, more sustainable industrial paradigm, proving that economic growth and environmental stewardship can go hand in hand.

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