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Executive Summary: Which are the Top 10 New Petrochemical Companies to Watch?

  1. Green Edge Technologies (Netherlands): Develops an AI-driven SaaS platform connecting petrochemical assets for real-time performance insights, anomaly detection, and energy optimization.
  2. Raven (USA): Creates AI assistants that automate manufacturing workflows by integrating operational data, SOPs, and P&IDs for predictive and compliant operations.
  3. Vylt Technologies (India): Builds a B2B asset lifecycle management platform that automates chemical production, optimizes supply chains, and ensures quality control.
  4. bobine (France): Converts end-of-life plastics into virgin-quality polymers through induction-activated catalysis for circular and low-carbon plastic production.
  5. Applied Computing (UK): Offers an AI platform combining physics and deep learning models to optimize petrochemical operations, enhance reliability, and cut emissions.
  6. iPEACE223 (Japan): Uses zeolite catalyst technology to produce carbon-neutral fuels and petrochemical feedstocks from bioethanol with steam-free regeneration.
  7. Cincy Carbon (USA): Develops electrochemical systems that convert CO2 and water into green ethylene and syngas, reducing fossil dependency in plastic production.
  8. Syclus (Netherlands): Produces renewable bio-ethylene through ethanol dehydration, providing sustainable feedstock for polyethylene and other petrochemicals.
  9. D-CRBN (Belgium): Applies non-thermal plasma technology to convert captured CO2 into CO feedstock, enabling low-cost, carbon-circular petrochemical production.
  10. P2X-Europe (Germany): Uses Power-to-Liquid (PtL) technology to create synthetic eFuels and chemicals from renewable electricity and green hydrogen.

Global Startup Heat Map highlights New Petrochemical Companies to Watch

Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 9M+ startups, 20K+ technology trends, plus 150M+ patents, news articles & market reports, we identified the top petrochemical startups.

The Global Startup Heat Map below highlights emerging petrochemical solutions you should watch in 2026, as well as the geo-distribution of 720+ startups & scaleups we analyzed for this research.

According to our data, we observe high startup activity in the USA and India, followed by the UK. The top 5 Startup Hubs for Petrochemicals are London, Dubai, Mumbai, Bangalore, and Houston.

 

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New Petrochemical Companies & Startups to Watch [2026]

We hand-picked startups to showcase in this report by filtering for their technology, founding year, location, funding, and other metrics. These emerging petrochemical startups work on solutions ranging from plasma technology and B2B asset lifecycle management platforms to circular plastic production and zeolite catalyst technology.

1. Green Edge Technologies BV – AI-driven Insights SaaS Platform

  • Founding Year: 2024
  • Location: Amsterdam, Netherlands

Dutch startup Green Edge Technologies develops an AI-driven insights SaaS platform that connects petrochemical production assets to secure cloud or on-premise environments. It uses GET-Connect to collect and transmit real-time data from sensors, power meters, PLCs, and quality control systems.

The GET-Impact cloud platform uses this information to generate detailed performance, energy usage, and anomaly reports, while GET-Config enables equipment manufacturers to embed AI and IoT capabilities into machinery via a low-code interface.

By combining big data analytics, generative AI, and flexible deployment models, the startup allows petrochemical facilities to enhance operational efficiency, reduce downtime, and align energy consumption with production goals. This solution improves process reliability and sustainability.

2. Raven – AI Assistants for Manufacturing Operations

  • Founding Year: 2024
  • Location: San Francisco, USA

USA-based startup Raven designs AI assistants to automate routine workflows in petrochemical manufacturing. The startup combines data from ERP systems, SOPs (Standard Operating Procedures), P&IDs (Piping and Instrumentation Diagrams), maintenance logs, and real-time control systems into a single platform.

This solution processes this information to execute tasks such as permit preparation, troubleshooting, and report generation with consistent accuracy across shifts.

By enabling plain-language queries that return data-backed insights, the technology accelerates decision-making and reduces operational delays.

Moreover, it standardizes procedures, streamlines knowledge transfer, and minimizes safety risks while adhering to documented protocols. Raven enhances efficiency and reduces downtime, while improving safety and compliance in petrochemical operations.

3. Vylt Technologies – B2B Asset Lifecycle Management Platform

Indian startup Vylt Technologies builds a B2B asset lifecycle management platform to streamline chemical and petrochemical operations from procurement to final product delivery.

The platform combines data analysis, automation, and real-time monitoring to optimize temperature, pressure, and reaction times, improve yields, reduce energy use, and minimize waste. Through real-time supply chain visibility, it gathers data from suppliers, logistics partners, and internal systems to track material flows.

Moreover, its quality control analytics assess production data against industry standards to detect deviations and trigger immediate corrective actions.

The resource allocation optimization aligns manpower, equipment, and raw materials with demand forecasts and production schedules to maximize efficiency and control costs.

Vylt Technologies helps petrochemical producers to streamline processes, regulatory adherence, and sustainable cost control for consistent output and long-term value creation.

4. bobine – Circular Plastic Production

  • Founding Year: 2023
  • Location: Illkirch-Graffenstaden, France
  • Prominent Partnerships: Michelin group, France 2030, Conectus, Bpifrance, Environnement Massif Central

French startup bobine specializes in circular plastic production that chemically converts end-of-life polyolefin wastes into virgin-quality polymers through induction-activated catalysis.

It combines heterogeneous catalysis and electromagnetic induction to process hard-to-recycle plastics like mixed or contaminated polyolefins. These technologies eliminate the need for steam cracking or hydrotreatment.

 

 

Moreover, the system operates fully electrically, reduces energy demand, lowers production costs, and cuts CO2 emissions compared to conventional pyrolysis routes.

Bobine enables petrochemical producers to integrate recycled content into existing operations while reducing environmental impact. Further, it closes the loop on polyolefin use and facilitates the industry’s transition to a low-carbon, circular value chain.

5. Applied Computing – AI Platform for Petrochemical Optimisation

UK-based startup Applied Computing develops an AI platform to optimize industrial processes in the oil, gas, and petrochemical industries.

The platform, Orbital, combines deep learning, physics, and language understanding to provide transparent and real-time decisions. It enables engineers to interrogate the vast amount of data generated by modern industrial installations.

Moreover, the platform combines three AI models, where the first one analyzes time series data, making predictions about how a process will perform.

The second model provides a reality check on the predictions, while the third is a large language model that has been trained on chemical engineering terms so that it can talk to process engineers in their own language.

Applied Computing enables petrochemical operators to use the data to improve process reliability, reduce energy use and emissions, and make informed decisions that enhance efficiency and operational value.

 

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6. iPEACE223 – Zeolite Catalyst Technology

  • Founding Year: 2023
  • Location: Yokohama City, Japan

Japanese startup iPEACE223 uses zeolite catalyst technology for the production of carbon-neutral, clean fuel from bioethanol. The technology utilizes renewable resources, which emit large volumes of CO2 in the manufacturing process of propylene (a raw material for chemicals) and propane (fuel).

Its ETP process uses zeolite catalyst and a steam-free regeneration method to remove coke deposits by hydrocracking, preventing irreversible deterioration and enabling continuous large-scale production. This enables the sustainable production of propylene and propane from bioethanol.

iPEACE223 aims to stabilize the supply of energy while reducing environmental impacts and focusing on carbon-neutral petrochemical production.

7. Cincy Carbon – Green Ethylene for Sustainable Plastics

  • Founding Year: 2021
  • Location: Cincinnati, USA

USA-based startup Cincy Carbon develops green ethylene for sustainable plastics or green syngas as an alternative fuel. It utilizes an electrochemical process that transforms carbon dioxide and water into petrochemical feedstocks.

Moreover, the startup applies a closed-loop electrolyzer system that breaks CO2 into its constituent molecules and rearranges them into green ethylene and other low-carbon chemicals. Hence, this reduces reliance on fossil-based production.

This solution lowers greenhouse gas emissions, minimizes industrial waste, and ensures sustainability. Cincy Carbon allows petrochemical producers to decarbonize their supply chains through resource-efficient alternatives that align production with environmental responsibility.

8. Syclus – Bioethylene Production

  • Founding Year: 2021
  • Location: Sittard Geleen, Netherlands
  • Funding: EUR 1.8 million investment from CropEnergies
  • Prominent Partnerships: Axens

Dutch startup Syclus produces bio-based, renewable ethylene as a sustainable alternative with a low carbon footprint to fossil oil and gas-based ethylene. It uses a dehydration process that converts plant-derived ethanol into high-purity ethylene through Axens’ Atol technology.

The process removes water from ethanol, yields high-purity ethylene, and optimizes energy use to reduce emissions. Moreover, the resulting ethylene serves as a direct feedstock for polymers and chemicals such as polyethylene, PVC, and ethylene oxide. Syclus BV helps manufacturers meet the increasing demand for sustainable and recyclable plastics.

9. D-CRBN – Plasma Technology

  • Founding Year: 2021
  • Location: Antwerp, Belgium
  • Funding: Received EUR 2.5 Million Grant from European Innovation Council
  • Prominent Partnerships: EIC

Belgian startup D-CRBN utilizes non-thermal plasma technology that converts captured CO2 into carbon monoxide for use as a petrochemical feedstock. It applies a plasma reactor design that operates at ambient temperature, runs on renewable electricity, and switches on or off instantly to match an intermittent green power supply.

This solution delivers high conversion rates, low capital and operating costs compared to reverse water gas shift systems. Moreover, it maintains performance with diluted CO2 streams while occupying minimal space.

D-CRBN enables petrochemical producers to replace fossil-based CO with recycled CO2, thereby reducing emissions and enabling a carbon-circular production model.

10. P2X-Europe – Power-to-Liquid (PtL) Technology

German startup P2X-Europe uses Power-to-Liquid (PtL) technology that produces synthetic net-zero eFuels and chemicals from renewable electricity, green hydrogen, and biogenic carbon sources. It operates a vertically integrated process that begins with solar and wind power generation and uses electrolysis to split water into hydrogen.

This hydrogen is then combined with captured biogenic CO2 through catalytic synthesis to produce liquid hydrocarbons such as eSAF, eDiesel, and eWaxes.

P2X-Europe replaces fossil fuels and feedstocks with net-zero synthetic hydrocarbons, delivering a solution that cuts emissions at scale while incorporating into existing systems.

Discover All Petrochemical Startups & Scaleups

The 10 best petrochemical companies in the world showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Industry Innovation Reports for a broad overview of the industry, or get in touch for quick & exhaustive research on the latest technologies & emerging solutions that will impact your company in 2026!