The invention belongs to the technical field of petrochemical engineering, and particularly relates to a method for producing an ethylene raw material, which comprises the following steps of: mixing a waste plastic material flow with hydrogen, decolorizing the waste plastic through a fixed bed hydrogenation reactor A filled with a catalyst, and removing metals, sulfur, nitrogen and other impurities to obtain a material flow I; and mixing the material flow I with external hydrogen again, cracking the material flow I through a fixed bed hydrogenation reactor B filled with a catalyst to obtain a material flow II containing an ethylene raw material, and fractionating the material flow II to obtain the ethylene raw material. Waste plastic recycling is achieved, the source of the ethylene raw material is expanded, and the circulation process of the ethylene raw material, ethylene propylene, polyolefin plastic and waste polyolefin plastic is formed.