The invention discloses a fluorine-free carbon-free high-alkalinity submerged arc foaming refining agent for an LF (ladle furnace) and a preparation method thereof. The refining agent comprises the following components in percentage by weight: 20 to 60 percent of calcium oxide, 4 to 10 percent of magnesium oxide, 10 to 20 percent of aluminum oxide, 6 to 20 percent of barium oxide, and 6 to 12 percent of plant cellulose. According to the method, the raw materials are reasonably assorted, foundational slag can release gas through a high temperature decomposition reaction, and the compound with a plurality of fine pores in a polymer is of a foaming shape, the thickness of the slag layer is increased, the performance is constant and stable, the radiation of electric arc to a flame retardant material can be reduced, and the electric arc heating effect is improved. Furthermore, a proper deoxidation and desulfurization promoting agent is added in the foundational slag, so that the content of oxide in steel is reduced, carbon and silicon are not increased, the adsorption and inclusion effect is good, the refining time is shortened, and the service life of steel ladles is improved.