OMV investing in biofuel production at Schwechat refinery

The investment in the Schwechat site for processing biofuels contributes to the company's goal of reducing the carbon intensity of its product portfolio (Scope 3 emissions) by at least 6% vs 2010.

OMV is currently investing in the Schwechat refinery so it will be able to substitute large quantities of fossil diesel with biodiesel in a co-processing approach.

With this process, the hydrogenated vegetable oil should lead to an annual reduction in OMV’s carbon footprint of up to 360 000 metric t of fossil CO₂. This is equivalent to the annual emissions of around 200 000 cars driving an average of 12 000 km per year. The product meets the highest quality standards and can be freely used in any type of vehicle. The technology applied is not limited to vegetable oil – waste products (such as used cooking oil) and advanced feedstocks are also possible and will be used based on availability.

“The conversion in the OMV Schwechat Refinery makes a key contribution to more sustainable mobility and is another step in achieving our climate targets. At the same time, we are providing economic stimulus in Austria with this investment of almost €200 million”, said Thomas Gangl, OMV Chief Downstream Operations Officer.

OMV expects demand for its hydrogenated biofuels to increase ten-fold by 2030. OMV’s decision to invest in its own production lines is part of the transformation process.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/16122020/omv-investing-in-biofuel-production-at-schwechat-refinery/