OMVKY Omv Ag Bearer (PK)

By Maitane Sardon

OMV AG said Wednesday that it has teamed up with four companies, including chemicals giant BASF SE and industrial group Thyssenkrupp AG, to work on the technology to produce a jet fuel that can help cut aviation's environmental footprint.

The Austrian oil-and-gas company said it has joined a consortium called the Methanol-to-SAF project, which has Germany's aerospace centre DLR, BASF SE and Thyssenkrupp AG among its members.

The companies will work to develop a technology to produce sustainable aviation fuel--or SAF--from green methanol that can be used in today's aircrafts without changes to existing engines or infrastructure, OMV said. Unlike conventional methanol, whose production process requires fossil feedstocks like gas or coal, green methanol is made from renewable sources and can be used as a fuel or fuel additive.

"The development of new production routes for sustainable aviation fuel from CO2 and green hydrogen is crucial for a successful transformation," OMV's Executive Officer for Refining Martijn van Koten said. "We look forward to rapidly advancing the development and production of SAF based on green methanol, scaling it up, and making it available to the market."

The project, which will receive 3.1 million euros ($3.2 million) in funding from the German government, includes catalyst development, process development, plant integration and the design of a demo plant, and a technological-economic and environmental analysis, OMV said.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

November 16, 2022 06:47 ET (11:47 GMT)

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