Top 5 Pyrolysis Oil Companies
Alterra Energy, LLC
BTG Bioliquids (Green Fuel Nordic Oy)
Nexus Circular
Plastic Energy
Viridor Limited
Source: Mordor Intelligence
Pyrolysis Oil Companies Matrix by Mordor Intelligence
Our comprehensive proprietary performance metrics of key Pyrolysis Oil players beyond traditional revenue and ranking measures
The MI Matrix can diverge from simple revenue rankings because it weights what buyers can observe in day to day delivery. It emphasizes site footprint, contracted offtake signals, certification readiness, and the ability to keep oil within tight contaminant limits. It also reflects how quickly a company can scale reliable throughput without long shutdowns. Many teams also want practical answers on refinery integration and proof of recycled content. Pyrolysis oil is most often adopted through low percentage co processing in FCC or hydrotreating units, then expanded once stability and fouling risks look manageable. ISCC PLUS mass balance helps buyers claim circular inputs even when recycled oils are blended with fossil streams, which supports downstream product labeling. The MI Matrix by Mordor Intelligence is better for supplier and competitor evaluation than revenue tables alone.
MI Competitive Matrix for Pyrolysis Oil
The MI Matrix benchmarks top Pyrolysis Oil Companies on dual axes of Impact and Execution Scale.
Analysis of Pyrolysis Oil Companies and Quadrants in the MI Competitive Matrix
Comprehensive positioning breakdown
Alterra Energy, LLC
Credible uptime claims matter more than slogans when buyers worry about specification drift. As a leading vendor, Alterra raised fresh funding in October 2024 from named strategic investors to accelerate project delivery and scale its liquefaction-based approach. In 2025 it broadened licensing momentum, which can widen geographic reach without owning every plant. A realistic what if scenario is faster adoption where refineries allow higher co feeding rates after more trials. The main risk is permitting and site control, which can still halt planned builds.
Nexus Circular
Policy credibility often shows up through membership and compliance posture, not only through plant photos. As a top player, Nexus Circular expanded its engagement in November 2025 by joining the American Chemistry Council as a manufacturing member. That step can improve regulatory dialogue and buyer confidence for long term supply discussions. The upside is stronger access to brand owner demand for certified circular inputs. The risk is reputational, since advanced recycling claims are scrutinized and any operational pause can trigger rapid customer switching.
Plastic Energy
Commercial milestones matter because buyers need evidence beyond pilot scale. As a major player, Plastic Energy announced in August 2025 that its joint venture plant in Geleen produced its first batch of TACOIL and expected full commercial production later in 2025. That integration model fits customers that want existing petrochemical sites to handle mass balance accounting and product certification. The upside is faster replication through partners that already run crackers and polymer lines. The operational risk is feedstock variability, since mixed plastic inputs can drive chlorine and stability issues that raise upgrading costs.
Frequently Asked Questions
What certifications should buyers ask for when sourcing pyrolysis oil?
Ask for chain of custody certification like ISCC PLUS or ISCC EU when the oil is used for recycled content claims. Also confirm audit scope covers feedstock intake, processing, and storage records.
Which quality tests matter most for plastics based pyrolysis oil?
Buyers usually prioritize halogens, sulfur, metals, and stability indicators that predict corrosion and fouling. A simple but effective step is agreeing on a retained sample protocol for every shipment.
How do refiners typically start using pyrolysis oil without disrupting units?
They often begin with low blend ratios and expand only after tracking yields, coke, and wastewater impacts. Most programs require a clear shutdown and contingency plan for off spec deliveries.
What is the most common operational failure mode during scale up?
Feedstock variability drives oil variability, which then causes spec misses or unstable storage behavior. Pretreatment discipline and strict inbound sorting standards usually reduce that risk fastest.
How should a buyer compare tire derived oil versus plastic derived oil?
Tire derived oil can face tighter scrutiny for certain contaminants and can require more upgrading. Plastic derived oil can still vary widely by collection mix, so incoming controls matter either way.
What contract terms reduce supply risk for pyrolysis oil procurement?
Use clear acceptance specs, price adjusters for off spec material, and firm delivery cadence with penalties. Include change control terms for future regulatory limits on contaminants and traceability.
Methodology
Research approach and analytical framework
Used company filings, official sites, credible trade outlets, and named journalist coverage. Public and private firms were evaluated with comparable observable signals. When direct figures were limited, capacity, certifications, contracts, and facility milestones were prioritized. Signals were triangulated across multiple sources when possible.
Local feedstock access and nearby logistics decide continuity and delivered oil quality.
Refineries and polymer makers prefer trusted names when copro trials and permits are sensitive.
Larger proven output and repeat deliveries reduce qualification friction and lower unit costs.
Committed assets, pretreatment, and storage systems reduce instability and contamination swings.
New reactor design, upgrading routes, and certification pathways since 2023 improve acceptance.
Projects are capital heavy, so sustained funding supports ramp up and specification control.
