(CercleFinance.com) – The German chemical group BASF, the industrial conglomerate Thyssenkrupp and the Austrian energy group OMV announced on Wednesday the formation of a consortium aimed at producing biofuels for aviation.
As leader of the project, dubbed ‘M2SAF’, BASF will be responsible for designing and supplying a new catalyst technology for this kerosene that must meet sustainable development criteria.
Thyssenkrupp will be responsible for the engineering of the project and the conduct of a study of its feasibility from an economic point of view, which will lead it to establish a demonstration site in order to evaluate the costs.
As for OMV, the project should help it reach the production target of 700,000 metric tons of sustainable aviation fuel that it has set for 2030.
The consortium – which also includes the companies DLR and ASG – is to benefit from a subsidy of 3.1 million euros from the German Ministry of Transport.
The project, which started last August, is to last two and a half years.
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