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Austrian energy company OMV has started up a new biofuels plant at its Schwechat refinery, a company executive was quoted as saying in a Reuters report.

Speaking to Reuters at the Asia Pacific Petroleum Conference in Singapore on 4-6 September, Michael Spitzbart, senior vice president of OMV’s refining business, said the plant had a production capacity of around 160,000 tonnes/year.

The company also planned to move into the sustainable aviation fuel (SAF), renewables, hydrogen and electrolysis markets, Spitzbart said.

“We already produce SAF ... (for) our clients such as Lufthansa and Austrian Airlines. We have also signed a Memorandum of Understanding (MoU) with other clients including Ryanair,” he added.

In addition to its refineries in Austria, OMV has refineries in southern Germany and Romania.

The company also plans to bring online a 16,000 tonnes/year bio-oil project in the fourth quarter of this year using “ReOil” technology that converts plastics into synthetic feedstock for producing petrochemicals, according to the report.

OMV was also planning to launch another 200,000-tonnes/year plastics conversion project in 2027 at its Schwechat refinery, Spitzbart added.

The company has set a target to become carbon neutral by 2050.