Austrian oil and gas major OMV AG (VIE:OMV) will supply more than 800,000 tonnes of sustainable aviation fuel (SAF) to Lufthansa Group in a deal that further expands the existing partnership between the two companies in this area.
The SAF should be delivered from 2023 to 2030, OMV and Lufthansa said in separate statements.
The partners signed a memorandum of understanding (MoU) under which new locations for SAF production and delivery as well as new SAF production technologies will be added to the cooperation.
OMV has already been supplying SAF to Austrian Airlines, part of Lufthansa Group, at the airport in Vienna since March 2022. The group makes the jet fuel from used cooking oil and plans to scale its production to 700,000 tonnes in 2030.
Lufthansa, which along with Austrian Airlines owns also SWISS and Brussels Airlines, Lufthansa CityLine, Air Dolomiti and Eurowings Discover, is involved in various partnerships that aim to drive the market ramp-up of sustainable fuels as the group seeks to reach climate neutrality by 2050.
For OMV, the partnership will Lufthansa is a step towards its transformation from an integrated oil and gas company into a provider of sustainable fuels, chemicals and materials. The Vienna-based group aims to reach net zero in terms of Scope 1, 2 and 3 by 2050.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.