The extraction of Natural Gas Liquids (NGLs) plays a pivotal role in the modern energy landscape, serving as both a significant economic driver and a critical component of energy supply chains. This project investigates the comprehensive processes involved in NGL extraction, which includes the separation of ethane, propane, butanes, and natural gasoline from natural gas and crude oil. Key techniques such as cryogenic distillation, absorption, and fractionation are explored in depth, highlighting their operational principles, efficiency, and technological advancements. In addition to the technical aspects, this project examines the environmental impacts of NGL extraction and the strategies employed to mitigate these effects. Innovations in technology and process optimization are discussed, emphasizing their role in reducing carbon footprints and enhancing sustainability. The economic dimension of NGL extraction is also analyzed, with a focus on market trends, supply chain logistics, and the factors influencing global demand and pricing. Case studies from leading NGL extraction facilities are used to illustrate best practices, challenges, and the implementation of cutting-edge technologies. Through a multi-faceted approach, this project aims to provide a detailed understanding of the NGL extraction industry. It underscores the importance of NGLs in the global energy market, the technological advancements driving the industry forward, and the economic and environmental considerations that shape its future. The findings offer valuable insights for stakeholders, policymakers, and industry professionals seeking to navigate the complexities of NGL extraction and leverage its benefits for sustainable development. Key Words: Cryogenic Distillation, Absorption, Fractionation