Sasol's original ethylene tetramerization catalyst requires the use of expensive MMAO, a low working temperature (∼60 °C), and generates polyethylene (PE) as a side product. In this study, we developed an upgraded catalytic system that successfully avoids the need for MMAO. [(PNP)CrCl2]+[B(C6F5)4]−‐type species was obtained from the reaction of CrCl3(THF)3, [PhN(H)Me2]+[B(C6F5)4]−, and iPrN[P(C6H4‐p‐Si(nBu)3)2]2 (2) as well as from simply reacting 2 with [CrCl2(NCCH3)4]+[B(C6F5)4]−. The bulky (nBu)3Si‐substituents play the crucial role of preventing the formation of the inactive [(PNP)2CrCl2]+[B(C6F5)4]−. The prepared [2‐CrCl2]+[B(C6F5)4]− combined with iBu3Al was extremely active (>4000 kg/g‐Cr/h), performed well at a high temperature of up to 90 °C, and generated a negligible amount of PE (0.03 wt%). Screening the performance with a series of iPrN[P(C6H4‐p‐SiR3)2]2 further supported that bulky R3Si‐substituents are crucial not only to achieve extremely high activities but also to minimize the generation of PE. Structure of a [(PNP)CrCl2]+[B(C6F5)4]− species was elucidated by X‐ray crystallography.