New polybutadiene-based surfactants (LYF) were synthesized by sulfonation of liquid polybutadiene with acetal sulfate at an elevated temperature, and their properties in a liquid surfactant membrane (LSM) separation process were examined by comparison with the two polyisobutylene-based surfactants ECA4360 and EM301. It was found that LYF surfactants had satisfactory overall properties as regards stability, swelling, and demulsification Of the W/O emulsion in the cases of both acidic and caustic internal aqueous phases.