OMV
and Synthos sign MoU to cooperate on sustainability, including the supply of sustainable butadiene for synthetic rubber
-
OMV
and Synthos jointly enable the production of sustainable rubber for high-performance tires
-
OMV
aiming to become a leading producer of sustainable base chemicals
OMV
the integrated energy, fuels & feedstock, and chemicals & materials company headquartered in
Vienna, Austria
, and Synthos, the biggest synthetic rubber producer in
Europe
with a global reach, today announced the signing of a Memorandum of Understanding (MoU). Under the MoU, the two companies will cooperate on sustainability, focusing in particular on the supply of sustainable raw materials that can be used to manufacture high-performance tires. This step underlines both companies' commitment to a circular economy by using bio-based and circular feedstocks, underpinning their mass-balance approach to manufacture essential products in everyday life.
OMV
and Synthos commit to a long-term cooperation on sustainable butadiene until 2030, initially using palm fatty acid distillate (PFAD) and used cooking oil as raw materials. Sustainable butadiene will be produced in the steam cracker at the
Burghausen refinery
in
Germany
, which received full ISCC PLUS certification in
March 2022
. A first batch of sustainable butadiene was successfully delivered to Synthos in 2023.
ISCC PLUS is a global standard for recycled and bio-based materials that enables traceability along the supply chain by verifying that companies comply with certain environmental and social standards and establishing a chain of custody. This so-called mass balance approach makes it possible to track the quantity and sustainability characteristics of circular and/or bio-based content in the value chain and attribute it based on verifiable bookkeeping.
Furthermore, the MoU facilitates future cooperation on circular raw material butadiene, which is based on pyrolysis oil from end-of-life tires through a chemical degradation process that occurs at very high temperatures. This underlines the transition of both companies to a more circular economy.
Daniela Vlad
, Executive Vice President Chemicals and Materials at
OMV
: "Our tie-up with Synthos clearly shows that
OMV
is re-inventing essentials for sustainable living. To achieve this, we have a strategic goal to become a leading European producer of sustainable feedstocks for chemicals production at our integrated refineries in Schwechat,
Austria
, and Burghausen. At these sites, the production of sustainable chemical feedstocks will increase to approximately 300,000 tonnes by 2030."
Synthos will use the butadiene to produce Solution Styrene-Butadiene Rubber (S-SBR), which is used in high performance tire tread compounds for low rolling resistance, which means reducing the energy loss of a tire rolling on the road. This in tuincreases the vehicle's energy efficiency and reduces environmental impact.
All Synthos production facilities, including Synthetic Rubber plants in
Poland
,
Czech Republic
and
Germany
, received full ISCC PLUS certification in 2022.
Zbigniew Warmuz
, CEO at Synthos: "In
December 2021
, we adopted our sustainable development strategy, in which we commit to reduce our greenhouse gas emissions per gigajoule (GJ) by 28% by 2030, reach zero carbon emissions by 2050 and produce 100% sustainable products by 2030. The cooperation with
OMV
is proof of our commitment to sustainability, which we can only achieve together with other leading companies in the value chain. Together, we can support our customers, the world's leading tire manufacturers, to achieve their sustainability goals in terms of net zero emissions and high-performance tires with a lower carbon footprint."
Please find further information on these topics here:
https://www.omv.com/en/innovations/circular-economy/mass-balance
https://www.omv.com/en/customers/products/sustainable-base-chemicals
About
OMV Aktiengesellschaft
At
OMV
, we are re-inventing essentials for sustainable living.
OMV
is transitioning to become a leading sustainable fuels, chemicals and materials company with a focus on circular economy solutions, while operating today across three integrated business segments of
Energy, Fuels
& Feedstock, and Chemicals & Materials. By gradually switching over to low-carbon businesses,
OMV
is striving to achieve net zero by latest 2050. The company achieved revenues of
EUR 62 billion
in 2022 with a diverse and talented workforce of around 22,300 employees worldwide.
OMV
shares are traded on the
Vienna Stock Exchange
(
OMV
) and as American Depository Receipts (OMVKY) in the
U.S.
Further information at www.omv.com
Synthos
Synthos is a leading global chemical company that manufactures synthetic rubber, insulation materials, crop protection products and dispersions, latex, and adhesives. Synthos is the largest synthetic rubber producer in
Europe
with a broad portfolio of synthetic rubber products and a strong global presence focused on its customers, in high-performance tires and beyond. Its differentiated product portfolio and strong sustainability-focused technology roadmap includes solution styrene-butadiene rubber (S-SBR), emulsion styrene-butadiene rubber (E-SBR), high and low cis polybutadiene rubber (Nd-BR, Ni-BR and Li-BR), and recycled rubber powder. To leamore about Synthos and how it is Moving in the Green Direction, visit: www.synthosgroup.com
