Olefins are ethylene, butylene, and propylene compounds produced from fossil fuel sources, such as petroleum or natural gas, through processes like steam cracking or fluid catalytic cracking. Green olefins are a class of hydrocarbon compounds produced from renewable biomass feedstock such as corn, sugarcane, etc., rather than fossil fuel sources. Nowadays, the demand for green olefins experienced an upsurge owing to the rising awareness of environmental sustainability, stringent regulations promoting eco-friendly practices, and a growing preference for renewable and bio-based materials. Moreover, advancements in bio-refining technologies, government initiatives supporting green alternatives, and a shift in consumer preferences toward sustainable economy practices have contributed to the rising demand for green olefins.
Additionally, the fortifying strategies and initiatives of market players push the Green olefins market size toward lucrative development. The recently published report description by Markntel Advisors, a leading consulting, data analytics, and market research firm, comprises the market players, that operate to seek futuristic opportunities and further growth & development. The report comprises, “Global Green Olefins Market Research Report: By Type (Ethylene, Propylene, Butadiene, Butylene), By Feedstock (Sugarcane, Corn, Sugar Beats, Green Methanol [Bio-methanol], Bio-Naptha, Others), By Application (Synthetic Lubricants, Detergent Alcohol, Cosmetics, Plasticizers, Adhesives, Others) and others Forecast (2024-2030)”, According to the report, the Global Green Olefins Market is estimated to grow at a CAGR of around 13.66% during the forecast period, i.e., 2024–30.
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Established in 1902, the headquarters is in Illinois, U.S.
The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide.
Established in 1865, the headquarters is in Germany
BASF is a European multinational company and the largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany. BASF comprises subsidiaries and joint ventures in more than 80 countries, operating six integrated production sites and 390 other production sites across Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. Despite its size and global presence, BASF has received relatively little public attention since it abandoned the manufacture and sale of BASF-branded consumer electronics products in the 1990s.
Established in 1948, the headquarters is in Espoo, Finland
is an oil refining and marketing company located in Espoo, Finland. It produces, refines, and markets oil products, provides engineering services, and licenses production technologies. Neste has operations in 14 countries. Neste shares are listed on the Nasdaq Helsinki. Neste’s operations are divided into marketing and services, oil products, renewable aviation, renewable polymers and chemicals, and renewable road transportation units, as well as managing an operating platform.
Established in 2002, the headquarters is in Brazil
Braskem S.A is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical company in Latin America and has become a major player in the international petrochemical market. Braskem is the Americas’ top thermoplastic resin producer. With 36 industrial plants spread across Brazil, the United States, Mexico, and Germany, the company produces over 16 million tons of thermoplastic resins and other petrochemicals per year.
Established in 1976, the headquarters is in Riyadh, Saudi Arabia
Saudi Basic Industries Corporation is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, and fertilizers. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.
The blog comprises Global market players in the green olefins industry, with market product information. This blog entails details regarding the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as Archer Daniels and Midland Company (ADM), BASF, Neste, Braskem, New Energy Blue, SABIC, Oleon NV, Gevo, India Glycols Limited, Occidental Petroleum Corporation (Oxy Low Carbon Ventures), Chevron Phillips Chemical Company LLC, and others leading companies, facilitate revolutionizing the global market and promoting a secure future for the green olefins market.
