OMV, the Vienna based oil&gas company is currently investing in the Schwechat Refinery to substitute large quantities of fossil diesel with biodiesel in an innovative co-processing approach.
With this process, hydrogenated vegetable oil will be processed to achieve 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 is one of the oil&gas companies that pledged to reach net-zero emissions in operations (Scope 1 and 2) by 2050 or sooner. On its long-term path to net zero, OMV has set concrete interim targets: By 2025, at least 60% of the product portfolio should consist of natural gas and low/zero-carbon products.
The biofuel investment in the Schwechat site contributes to the goal of reducing the carbon intensity of the OMV product portfolio (Scope 3) by at least 6% versus 2010.
Cover photo: OMV