Vienna-based oil giant OMV has signed a Memorandum of Understanding (MoU) with the Lufthansa Group in order to deliver more than 800,000 tons of sustainable aviation fuel (SAF) from 2023 to 2030, OMV says in a press release. The businesses want to broaden their current relationship to incorporate new SAF production technologies, new SAF delivery sites, and new SAF manufacturing locations. Since March 2022, OMV has been providing the first quantities of SAF to Austrian Airlines, a member of the Lufthansa Group, at Vienna International Airport.
With the development of the partnership, the Lufthansa Group supports SAF availability, market ramp-up, and utilization as crucial components for a CO2-neutral aviation future. The Lufthansa Group, which is currently Europe’s largest consumer of SAF, is always looking at opportunities for long-term purchasing agreements. For OMV, the proposed SAF supply collaboration with the Lufthansa Group is a step closer to lowering the CO2 intensity of the product range and delivering solutions for the aviation industry’s sustainable growth.
OMV sees Sustainable Aviation Fuel as a significant portfolio enhancement to its jet fuel line since it is committed to assisting the aviation industry’s efforts to reduce jet fuel consumption and CO2 emissions. In order to achieve climate and greenhouse gas emission objectives, innovation and future-oriented technology are crucial. OMV is taking a variety of steps to meet its challenging strategic sustainability goals, and SAF has a big impact on its transformation.
OMV wants to be a net-zero firm by the year 2050, at the latest (for Scope 1,2, and 3). As part of the OMV Strategy 2030, precise medium- and long-term decarbonization objectives have been established. The increase in SAF output which is anticipated to reach 700,000 tons in 2030 will be crucial in reaching these objectives.
OMV is one of the largest publicly traded industrial firms in Austria, with group sales revenues of EUR 36 billion and a staff of over 22,400 people in 2021.