As the petrochemical sector navigates the critical intersection of industrial demand and environmental responsibility, a new wave of petrochemical companies emerge. These trailblazers develop low-carbon technologies, mechanical sealings, filtration and purification solutions, and more.
This article will delve into:
- Profiles of 10 Pioneering New Petrochemical Companies
- How to Scout Innovative Petrochemical Companies Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the petrochemical industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Petrochemical Trends: The latest petrochemical trends include decarbonization, seal support systems, energy transition materials, dehydrogenation, and bio-based alternatives.
- Petrochemical Industry Stats: The global petrochemical industry, boasting 15K+ entities and employing millions, faces a moderate -2.38% dip in growth rate but welcomes 1.7K+ new firms in the last five years, marking a surge in sustainable and tech-driven initiatives.
- 10 New Petrochemical Companies to Watch:
- ViridiCO2 – CO2 to Chemical Conversion
- CADABCO – Hydrocarbon Vapor Recovery
- PHASER – Petrochemical Plant Design
- ALFAPUR Technologies – Petrochemical Filtration and Purification
- Citroniq – Green Polypropylene Production
- Kerogen Systems– Low-Carbon Petrochemical Production
- Quantech Sealing Systems – Mechanical Sealings
- Electro – Plastic Waste Recycling
- Bioeutectics – Green Eutectic Solvents
- Pyrone Systems – Petrochemical Alternative
Discover 10 Out of 1.7K+ Emerging Petrochemical Companies
In this segment, we spotlight the 10 best petrochemical chemicals contributing to eco-friendly practices and technological advancements. These companies address environmental challenges and market needs, pioneering new methods for cleaner chemical production, efficient resource use, and innovative green products. They significantly impact the industry’s trajectory toward sustainability.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. Signal Strength gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. ViridiCO2
- Founding Year: 2020
- Employee Range: 1-10
- Location: UK
- Signal Strength: Very Strong
- What they do: ViridiCO2 develops a technology that converts carbon dioxide into high-value chemical intermediates to replace traditional petrochemical feedstocks. The company leverages a patented solid-phase catalyst, activating CO2 for chemical transformations under reduced temperatures and pressures. It converts captured waste CO2 into surfactants, polymer feedstocks, and small molecules. Aimed at manufacturers, ViridiCO2’s technology facilitates the production of greener consumer products, like personal care items and clothing, while reducing manufacturing costs and CO2 emissions.
2. CADABCO
- Founding Year: 2019
- Employee Range: 2-10
- Location: Bulgaria
- Signal Strength: Very Strong
- What they do: CADABCO uses its proprietary technology, Hydrocarbon Vapour Recovery Systems, based on the carbon adsorption absorption process. It captures and recycles hydrocarbons from vapor streams using activated carbon and a vacuum and purge flow system. Additionally, it features a high hydrocarbon recovery rate, particularly targeting butane and pentane. The technology consumes less energy, minimizes maintenance costs, and enhances environmental performance.
3. PHASER
- Founding Year: 2020
- Employee Range: 2-10
- Location: South Korea
- Signal Strength: Medium Strong
- What they do: PHASER specializes in advanced chemical process design for the petrochemical industry. It uses the Rankine cycle to generate electricity from the power recovery process. Moreover, PHASER’s cryogenic power generation plant does not need seawater pumps to condense low-pressure steam from the turbine. This way, the company improves process efficiency and energy optimization.
4. ALFAPUR Technologies
- Founding Year: 2019
- Employee Range: 2-10
- Location: Canada
- Signal Strength: Very Strong
- What they do: ALFAPUR Technologies provides filtration and purification systems for the petrochemical industry. The company’s technology harnesses advanced membrane modules for microfiltration, ultrafiltration, nanofiltration, and ceramic components, addressing liquid concentration, desalination, and purification. These systems offer efficient separation and recovery of petrochemical catalysts, solvents, and other valuable compounds, aiding in processes like brine purification and solvent dye extraction.
5. Citroniq
- Founding Year: 2020
- Employee Range: 2-10
- Location: USA
- Signal Strength: Strong
- What they do: Citroniq provides green polypropylene, a sustainable alternative produced from biogenic ethanol using renewable energy. This product reduces Scope 1 and Scope 2 emissions. The company’s production facility generates biogenic carbon products, verifiable through standardized analytical chemical tests. Additionally, Citroniq employs CCU in its production cycle, transforming carbon from the corn-to-ethanol-to-polypropylene process into recyclable solid pellets. This technology benefits manufacturers across various sectors, including packaging, automotive, textiles, healthcare, and industry.
6. Kerogen Systems
- Founding Year: 2020
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: Kerogen Systems’ patented technology enables the low-carbon production of an array of hydrocarbons, including linear paraffins, alpha-olefins, aromatics, and polycyclic molecules. This technology manages heteroatoms such as nitrogen, sulfur, and arsenic, enhancing the value of products across various sectors from agrochemicals to pharmaceuticals, and consumer goods. Designed as a sustainable alternative to crude oil derivatives, the company’s technology utilizes renewable energy, thus eliminating emissions.
7. Quantech Sealing Systems
- Founding Year: 2019
- Employee Range: 11-50
- Location: UAE
- Signal Strength: Very Strong
- What they do: Quantech Sealing Systems manufactures mechanical seals essential for ensuring the safety and operational flexibility of pumps and valves in petrochemical plants. Catering to the transport mediums of rotating equipment, valves and pumps typically deal with high temperatures and pressures, as well as flammable and toxic fluids. Quantech Sealing Systems’ product line, including the QB and BX series, along with ISC2-PX and ISC2-BX standard cartridge seals, ensures extended equipment uptime and optimizing mean time between failures (MTBF).
8. Electro
- Founding Year: 2022
- Employee Range: 11-50
- Location: Belgium
- Signal Strength: Weak
- What they do: In this project, Electro converts plastic waste into pyrolysis oil, which is a raw material for steam crackers. This way, Electro electrifies steam cracking using its rotodynamic reactor (RDR). The project’s reactor technology also utilizes high-speed rotor blades to increase the yield of light olefins and enhance process efficiency. These light olefins are then converted into polyethylene (PE) and polypropylene (PP), creating a sustainable link between the waste management and petrochemical sectors.
9. Bioeutectics
- Founding Year: 2021
- Employee Range: 11-50
- Location: Argentina
- Signal Strength: Very Strong
- What they do: Bioeutectics replaces petrochemical solvents with green eutectic solvents. The company’s products utilize bio-sourced components such as natural acids, amino acids, alcohols, and sugars. Through the deep eutectic solvent (DES) technology, Bioeutectics reduces the environmental footprint of industries like food, pharmaceuticals, personal care, cosmetics, and agriculture. This approach allows manufacturers to produce liquid solvents from solid compounds, offering a sustainable substitute for conventional organic solvents.
10. Pyrone Systems
- Founding Year: 2021
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: Pyrone Systems leverages biosynthesis to replace petrochemicals such as ethylene, propylene, butylenes, benzene, toluene, and xylenes with triacetic acid lactone (TAL). TAL features high efficacy and minimizes impact on insect populations. The applications of TAL span healthcare, industrial processes, and more, marking a pivotal step towards eco-conscious production.
Quick Tip to Find New Petrochemical Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new petrochemical companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency/Increased Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying petrochemical innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the petrochemical industry. The platform keeps you informed with near real-time updates on emerging petrochemical companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration/Precise Scouting: Customize your search to focus on specific niches within the petrochemical sector, such as low-carbon petrochemical production, green polypropylene, or hydrocarbon vapor recovery systems. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All Petrochemical Companies?
This overview highlights just a few new petrochemical companies of all 1.7K+ currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview.
