TAGS: Sustainability / Natural Solutions
Synthos announces signing of a Memorandum of Understanding (MOU) with OMV, an Austrian multinational integrated oil, gas, and petrochemicals company.
Under the MOU, the two companies will cooperate on the long-term supply of sustainable raw materials, with a focus on sustainable butadiene for synthetic rubber used in tire manufacturing.
Committed to Reach Zero Carbon Emissions by 2050
The partnership focuses on sustainable butadiene for the production of synthetic rubber for high-performance tires with a lower carbon footprint.
Synthos and OMV are committed to a long-term cooperation on sustainable butadiene production until 2030, according to the ISCC-Plus standard, initially using palm fatty acid distillate (PFAD) and used cooking oil as feedstock. In addition, the MOU commits to future cooperation on circular butadiene derived from pyrolysis oil obtained from end-of-life tires and underlines the transition of both companies to a more circular economy.
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.”
Aim to be Leading European Sustainable Feedstock Producer
Matteo Marchisio, Vice President Synthos Synthetic Rubber, emphasized the importance of sustainable raw materials for the tire industry, “The demand from leading tire manufacturers for sustainable synthetic rubber is increasing rapidly. We are committed to delivering tailor-made solutions to best meet our customers’ needs, be it ISCC PLUS certified material, bio-based rubber, or customized products that we develop exclusively with our partners”.
Synthos has already successfully received and tested sustainable butadiene produced by OMV in its steam cracker at the Burghausen refinery in Germany, which received full ISCC PLUS certification in March 2022.
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. The production of sustainable chemical feedstocks at our integrated refineries in Schwechat, Austria, and Burghausen will increase to approximately 300,000 tonnes by 2030.”
Synthos, which has production facilities in Germany, the Czech Republic and Poland, has achieved ISCC PLUS certification for its entire portfolio of synthetic rubber products as part of its efforts to support tire manufacturers reduce their environmental impact.
Source: Synthos