OMV to Build Pilot Plant for Second-Generation Biofuels in Austria
March 04 2021 - 4:52AM
Dow Jones News
By Giulia Petroni
OMV AG said Thursday that it plans to invest around 30 million
euros ($36.2 million) to build a pilot plant that produces
second-generation biofuels at its Schwechat Refinery in
Austria.
The Austrian oil-and-gas company said the plant, which will
become part of the existing value chain at the refinery, will use a
catalyst to produce propanol from glycerin.
"A typical refining process will see the waste-based substance
glycerin turned into bio-alcohol, which when added to gasoline
reduces its CO2 footprint," it said.
The plant's capacity will be 1.25 million liters of propanol per
year, leading to a carbon-dioxide reduction of around 1,800 metric
tons, according to OMV. It is expected to be operational in
2023.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 04, 2021 04:37 ET (09:37 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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