OMV to supply sustainable aviation fuel to Lufthansa Group
OMV, the international integrated oil, gas and chemicals company headquartered in Vienna, Austria, and Lufthansa Group, have signed a memorandum of understanding (MoU) for the supply of more than 800,000 tons of sustainable aviation fuel (SAF) from 2023 to 2030. The companies intend to expand their existing partnership and extend it to include new locations for SAF production and delivery as well as new SAF production technologies. OMV has already been supplying the first volumes of SAF to Austrian Airlines, which is part of the Lufthansa Group, at Vienna International Airport since March 2022.
With the expansion of the cooperation, the Lufthansa Group promotes the availability, market ramp-up and use of SAF as essential elements for a CO2 neutral future of aviation. The Lufthansa Group is continuously examining options for long-term purchase agreements and is already the largest buyer of SAF in Europe. For OMV, the planned SAF supply partnership with the Lufthansa Group is a further step towards reducing the CO2 intensity of the product portfolio and providing solutions for the sustainable development of the aviation industry.
Committed to support the ambitions of the aviation industry to cut jet fuel consumption and CO2 emissions, OMV sees sustainable aviation fuel as an important portfolio upgrade to its jet fuel range. Innovation and future-oriented technologies are essential to meet climate and greenhouse gas emissions targets. OMV is implementing numerous measures to achieve its ambitious strategic sustainability goals, and SAF significantly contributes to its transformation. OMV aims to become a net-zero company by no later than 2050 (for Scope 1,2 and 3). Clear medium and long-term emission reduction targets have been defined for this purpose as part of the OMV Strategy 2030. The planned scale up of SAF production to 700,000 tons in 2030 will play an important role in achieving these goals.
Sustainable Aviation Fuel is produced by OMV by co-processing sustainable and regional raw materials, specifically used cooking oil. Compared to conventional jet fuel, sustainable aviation fuel contributes to a reduction of greenhouse gas emissions of more than 80% over the entire life cycle.