ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

TKAMY Thyssenkrupp AG (PK)

4.45
-0.01 (-0.22%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Thyssenkrupp AG (PK) USOTC:TKAMY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.01 -0.22% 4.45 4.35 4.51 4.46 4.41 4.46 26,759 21:16:33

OMV, BASF, Thyssenkrupp Team Up to Produce Green Aviation Fuel

16/11/2022 12:02pm

Dow Jones News


Thyssenkrupp (PK) (USOTC:TKAMY)
Historical Stock Chart


From Jun 2022 to Jun 2024

Click Here for more Thyssenkrupp (PK) Charts.

By Maitane Sardon

 

OMV AG said Wednesday that it has teamed up with four companies, including chemicals giant BASF SE and industrial group Thyssenkrupp AG, to work on the technology to produce a jet fuel that can help cut aviation's environmental footprint.

The Austrian oil-and-gas company said it has joined a consortium called the Methanol-to-SAF project, which has Germany's aerospace centre DLR, BASF SE and Thyssenkrupp AG among its members.

The companies will work to develop a technology to produce sustainable aviation fuel--or SAF--from green methanol that can be used in today's aircrafts without changes to existing engines or infrastructure, OMV said. Unlike conventional methanol, whose production process requires fossil feedstocks like gas or coal, green methanol is made from renewable sources and can be used as a fuel or fuel additive.

"The development of new production routes for sustainable aviation fuel from CO2 and green hydrogen is crucial for a successful transformation," OMV's Executive Officer for Refining Martijn van Koten said. "We look forward to rapidly advancing the development and production of SAF based on green methanol, scaling it up, and making it available to the market."

The project, which will receive 3.1 million euros ($3.2 million) in funding from the German government, includes catalyst development, process development, plant integration and the design of a demo plant, and a technological-economic and environmental analysis, OMV said.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

November 16, 2022 06:47 ET (11:47 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Thyssenkrupp (PK) Chart

1 Year Thyssenkrupp (PK) Chart

1 Month Thyssenkrupp (PK) Chart

1 Month Thyssenkrupp (PK) Chart

Your Recent History

Delayed Upgrade Clock