The Global Bionaphtha (Bio-based Naphtha) Market was valued at approximately USD 1.2 Billion in 2023 and is projected to exceed USD 3.5 Billion by 2030, expanding at a robust Compound Annual Growth Rate (CAGR) of over 16% during the forecast period (2024–2030). This rapid growth is being driven by stringent sustainability mandates, the global push for circular economies, and the escalating demand for drop-in biofuels and bio-based plastics (Bioplastics) across various industrial sectors.

As the chemicals and fuels industries undergo a profound transition toward low-carbon feedstocks, bionaphtha has emerged as a critical drop-in solution. This versatile, bio-based intermediate is produced from renewable resources like vegetable oils, waste fats, and biomass, and serves as a direct substitute for fossil-based naphtha in the production of sustainable aviation fuel (SAF), bioplastics, and other bio-chemicals. In this blog, we profile the Top 10 Companies in the Global Bionaphtha Industry—a dynamic mix of advanced biofuel producers, integrated energy majors, and chemical innovators who are building the foundation for a decarbonized future.

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

---

🔟 1. Neste Oyj

Headquarters: Espoo, Finland
Key Offering: Neste RE™, a premium-quality bionaphtha

Neste is a global frontrunner in the production of renewable and circular solutions. Its proprietary Neste RE™ bionaphtha is a direct, drop-in feedstock for plastics and chemicals production, enabling brands to create products with a significantly reduced carbon footprint. Sourced from 100% renewable raw materials, it is a key enabler for the bio-based value chain.

Sustainability & Innovation Focus:

• World’s largest producer of renewable diesel and sustainable aviation fuel, with bionaphtha as a co-product.
• Investing heavily in chemical recycling to expand the raw material base for bionaphtha production.
• Targeting carbon-neutral production by 2035.

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

---

9️⃣ 2. UPM Biofuels

Headquarters: Helsinki, Finland
Key Offering: UPM BioVerno naphtha

UPM Biofuels is a leading producer of wood-based renewable fuels and biochemicals. Its UPM BioVerno naphtha is a sustainable feedstock derived from crude tall oil, a residue of pulp production. This innovative product is used to produce biodegradable plastics, renewable chemicals, and as a component for biofuels.

Sustainability & Innovation Focus:

• Pioneer in second-generation biofuels, utilizing non-food biomass.
• Strategic partnerships with major chemical companies to develop bio-based value chains.
• Committed to replacing fossil-based materials with sustainable alternatives.

---

8️⃣ 3. ENI S.p.A. (Eni)

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

ENI has transformed traditional refineries into advanced biorefineries, positioning itself as a key player in the European bio-economy. The company produces bionaphtha as a co-product of its Hydrotreated Vegetable Oil (HVO) biofuel production, which is used for bioplastics and bio-jet fuel.

Sustainability & Innovation Focus:

• Targeting full decarbonization of its products and processes by 2050.
• Investing in advanced feedstocks, including used cooking oil and animal fats.
• Integrated strategy linking biorefining with circular economy initiatives.

---

7️⃣ 4. TotalEnergies

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

TotalEnergies is accelerating its transition to renewable energies, with its La Mède biorefinery in France playing a central role. The facility produces bionaphtha alongside renewable diesel, serving as a crucial feedstock for the bio-based plastics industry and contributing to the company’s broader sustainability goals.

Sustainability & Innovation Focus:

• Aims to be a world-class player in the bio-based plastics value chain.
• Focus on sustainable sourcing of vegetable oils and waste-based feedstocks.
• Part of the Net Zero by 2050 ambition.

---

6️⃣ 5. Preem AB

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

Preem is Scandinavia’s largest fuel company and is aggressively expanding its renewable production. Through its Preem Evolution project, the company is scaling up the production of renewable fuels, including bionaphtha, which is essential for creating sustainable chemicals and materials in the region.

Sustainability & Innovation Focus:

• Ambitious target to produce 5 million cubic meters of renewable fuels by 2030.
• Investing in carbon capture and storage (CCS) to achieve climate-neutral refining.
• Strong focus on domestic and sustainable feedstock sourcing.

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

---

5️⃣ 6. Phillips 66

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

Phillips 66 is converting its San Francisco Refinery in Rodeo, California, into one of the world’s largest renewable fuels facilities. This “Rodeo Renewed” project will significantly boost the company’s output of renewable diesel, jet fuel, and bionaphtha, leveraging waste oils and fats as feedstocks.

Sustainability & Innovation Focus:

• Projected capacity of over 800 million gallons per year of renewable fuels.
• Strategic positioning to serve the growing demand for bio-feedstocks on the US West Coast.
• Commitment to lowering the carbon intensity of energy products.

---

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

Headquarters: Norco, Louisiana, USA
Key Offering: Renewable naphtha co-product

Diamond Green Diesel is a premier joint venture between Valero Energy Corporation and Darling Ingredients Inc. It is the largest commercial-scale renewable diesel plant in the U.S. and a significant producer of renewable naphtha as a valuable co-product, which is used in gasoline blending and as a chemical feedstock.

Sustainability & Innovation Focus:

• Utilizes recycled animal fats, used cooking oil, and inedible corn oil.
• Continuous expansion of production capacity to meet soaring market demand.
• Exemplifies a successful circular economy model in the biofuels sector.

---

3️⃣ 8. Repsol S.A.

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

Repsol is a leading integrated energy company with a strong commitment to decarbonization. It is developing advanced biofuels projects that will produce bionaphtha from organic waste, aligning with the EU’s renewable energy directives and the growing demand for sustainable chemical feedstocks.

Sustainability & Innovation Focus:

• Plans to have a production capacity of 1.3 million tons of renewable fuels by 2025 and 2 million tons by 2030.
• Heavy investment in pyrolysis oil upgrading technology for waste-to-chemicals pathways.
• Aiming for net-zero emissions by 2050.

---

2️⃣ 9. Shell plc

Headquarters: London, United Kingdom
Key Offering: Bio-naphtha via its Energy and Chemicals Parks

Shell is leveraging its global scale and integrated energy and chemicals footprint to advance the bionaphtha market. The company is producing and supplying bio-naphtha as part of its strategy to create low-carbon solutions for its customers, particularly in the plastics and aviation sectors.

Sustainability & Innovation Focus:

• Integration of bio-feedstocks into existing refinery and chemical complexes.
• Focus on creating certified, lower-carbon product offerings for B2B customers.
• Target to become a net-zero emissions energy business by 2050.

---

1️⃣ 10. OMV AG

Headquarters: Vienna, Austria
Key Offering: Bio-naphtha from its ReOil® recycling technology

OMV is pioneering a unique pathway to bionaphtha through its proprietary ReOil® chemical recycling process. This technology converts plastic waste back into a synthetic crude oil, which is then refined into valuable products, including bionaphtha, thereby creating a circular solution for plastics.

Sustainability & Innovation Focus:

• Focus on chemical recycling as a key pillar of its circular economy strategy.
• Scaling up the ReOil® technology to industrial capacity.
• Strategic goal to increase the share of circular solutions in its product portfolio.

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

---

🌍 Outlook: The Future of Bionaphtha is Circular and Integrated

The global bionaphtha market is at an inflection point, transitioning from a niche product to a mainstream feedstock essential for decarbonizing the chemicals and transportation sectors. The trajectory is firmly set toward circularity, with waste and residue-based feedstocks gaining prominence over first-generation vegetable oils.

📈 Key Trends Shaping the Market:

• Accelerated policy support (e.g., EU ReFuelEU Aviation, RED III) mandating bio-content in fuels and plastics.
• Rapid scale-up of HVO/biofuel production capacity, increasing bionaphtha availability as a co-product.
• Growing corporate commitments from consumer brands to use recycled and bio-based content in packaging.
• Technological advancements in chemical recycling, creating new waste-plastic-to-bionaphtha pathways.

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

The companies profiled above are not just producing a commodity; they are actively constructing the green infrastructure required for a sustainable, bio-based economy. Their innovations and investments are critical to powering the transition away from fossil-based feedstocks and toward a more circular future for the global chemical and fuel industries.