The Global Bio Naphtha Market was valued at USD 792 Million in 2024 and is projected to reach USD 2,124 Million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period. This growth is being driven by rising demand for renewable petrochemical feedstocks, stringent sustainability regulations, and the accelerating adoption of bio-based solutions in biofuel production and green plastics manufacturing.

As industries worldwide shift toward low-carbon operations and circular economy models, the spotlight is on the key producers and innovators who are driving advancements in renewable hydrocarbons. In this blog, we profile the Top 10 Companies in the Bio Naphtha Market—a mix of pioneering biorefiners, energy majors, and sustainable technology leaders shaping the future of green chemistry and feedstock supply.

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🔟 1. Neste Corporation

Headquarters: Espoo, Finland
Key Offering: NEXBTL Renewable Naphtha, Sustainable Aviation Fuel Feedstocks

Neste is the global leader in renewable products refining and a dominant force in bio naphtha production. The company supplies high-quality renewable naphtha compatible with existing petrochemical infrastructure for use in bioplastics, biofuels, and chemical intermediates.

Sustainability Initiatives:

• Expanding renewable production capacity across Europe and Asia

• Strategic partnerships with petrochemical producers for mass-balance certified products

• Committed to carbon-neutral production and supporting customer net-zero goals

Download FREE Sample Report: Bio Naphtha Market – View in Detailed Research Report

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9️⃣ 2. UPM Biofuels

Headquarters: Helsinki, Finland
Key Offering: UPM BioVerno Naphtha, Renewable Hydrocarbons

UPM Biofuels produces bio naphtha from sustainably sourced crude tall oil at its Lappeenranta biorefinery. The company is a trusted supplier to the chemical industry, enabling the production of renewable plastics and other low-carbon materials.

Sustainability Initiatives:

• Advanced biorefinery investments for increased capacity

• Focus on residue-based feedstocks to minimize land-use impacts

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8️⃣ 3. Diamond Green Diesel

Headquarters: Norco, Louisiana, USA
Key Offering: Renewable Diesel Co-Products including Bio Naphtha

A joint venture between Valero and Darling Ingredients, Diamond Green Diesel operates one of North America’s largest renewable diesel facilities. Bio naphtha is produced as a valuable co-product, supporting downstream green chemistry applications.

Sustainability Initiatives:

• Utilization of waste fats and oils as primary feedstocks

• Significant GHG reduction compared to fossil alternatives

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7️⃣ 4. Eni S.p.A.

Headquarters: Rome, Italy
Key Offering: Bio Naphtha from Ecofining Technology

Eni has been a pioneer in converting traditional refineries to produce renewable fuels and hydrocarbons. Its bio naphtha output supports European demand for sustainable petrochemical feedstocks and contributes to the company’s broader energy transition strategy.

Sustainability Initiatives:

• Conversion of conventional refineries to bio-refineries

• Development of next-generation feedstock technologies

Download FREE Sample Report: Bio Naphtha Market – View in Detailed Research Report

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6️⃣ 5. TotalEnergies

Headquarters: Paris, France
Key Offering: Renewable Naphtha, Bio-Based Hydrocarbons

TotalEnergies integrates bio naphtha production within its expanding renewable fuels portfolio. The company supplies renewable naphtha for chemical applications while advancing its commitments to lower the carbon intensity of its products.

Sustainability Initiatives:

• Investments in large-scale bio-refining projects

• Collaboration across the value chain for certified renewable content

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5️⃣ 6. Shell plc

Headquarters: London, United Kingdom
Key Offering: Bio Naphtha, Renewable Feedstocks for Chemicals

Shell is actively developing its renewable products business, including bio naphtha derived from advanced processing technologies. The company leverages its global presence to supply sustainable solutions to the petrochemical sector.

Sustainability Initiatives:

• Scaling advanced biofuel and renewable hydrocarbon production

• Partnerships focused on circular economy and low-carbon chemicals

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4️⃣ 7. Repsol S.A.

Headquarters: Madrid, Spain
Key Offering: Bio Naphtha from Renewable Hydrotreatment

Repsol is transitioning its refining operations toward renewable products, with bio naphtha as a key offering. The company supports European sustainability targets through its production of low-carbon feedstocks for fuels and materials.

Sustainability Initiatives:

• Renewable fuel and chemical integration projects

• Focus on waste and residue feedstocks

Download FREE Sample Report: Bio Naphtha Market – View in Detailed Research Report

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3️⃣ 8. Preem AB

Headquarters: Stockholm, Sweden
Key Offering: Renewable Naphtha, Green Hydrocarbons

Preem is a leading Nordic producer of renewable fuels and supplies bio naphtha as part of its commitment to fossil-free operations. The company plays an important role in regional supply of sustainable feedstocks.

Sustainability Initiatives:

• Expansion of renewable refining capabilities

• Utilization of forest industry residues

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2️⃣ 9. Phillips 66

Headquarters: Houston, Texas, USA
Key Offering: Renewable Naphtha from Biorefinery Operations

Phillips 66 is advancing its renewable fuels strategy with investments that include bio naphtha production. The company supports North American demand for sustainable chemical building blocks.

Sustainability Initiatives:

• Conversion projects for renewable fuel production

• Development of diverse feedstock supply chains

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1️⃣ 10. Gevo, Inc.

Headquarters: Englewood, Colorado, USA
Key Offering: Renewable Isobutanol Derivatives and Bio Naphtha Pathways

Gevo specializes in advanced bio-based technologies and contributes to the bio naphtha ecosystem through its renewable hydrocarbon platforms. The company focuses on high-performance sustainable solutions for chemicals and fuels.

Sustainability Initiatives:

• Net-zero hydrocarbon production technologies

• Partnerships for commercial-scale renewable chemical supply

Get Full Report Here: Bio Naphtha Market – View in Detailed Research Report

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🌍 Outlook: The Future of Bio Naphtha Is Renewable and Integrated

The bio naphtha market is undergoing a transformative shift. While conventional naphtha remains dominant, the industry is investing heavily in bio-based alternatives, advanced refining technologies, and integrated supply chains for sustainable chemicals.

📈 Key Trends Shaping the Market:

• Rapid expansion of biorefinery capacities in Europe, North America, and Asia

• Increasing adoption of mass-balance certification for renewable content

• Growing demand from brand owners for bio-based plastics and packaging

• Strategic collaborations between producers and petrochemical companies

Get Full Report Here: Bio Naphtha Market – View in Detailed Research Report

The companies listed above are not only supplying renewable feedstocks—they’re enabling the green transition across the chemical and materials value chain.