20.12.2020, 1982 Zeichen

OMV: OMV, the integrated, international oil, gas and petrochemicals company headquartered in Vienna, currently investing in the Schwechat Refinery so it will be able to substitute large quantities of fossil diesel with biodiesel in an innovative 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 tons 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. 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. With this, OMV is one of the first companies in Europe to engage in co-processing on an industrial scale. “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 Euro 200 mn”, said Thomas Gangl, OMV Chief Downstream Operations Officer.
Further, the company announced, that it collaborates with Daimler Truck AG, IVECO, Shell and the Volvo Group to help create the conditions for the mass-market roll-out of hydrogen trucks in Europe. As a growing number of governments and businesses align on a common vision of a net-zero emissions energy system, the above mentioned H2Accelerate participants believe that hydrogen is an essential fuel for the complete decarbonisation of the truck sector. 
OMV: weekly performance: 0.68%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (15/12/2020)

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