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AEG Fuels and OMV bring to market sustainable aviation fuel at Vienna International Airport

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PRESS RELEASE


AEGMiami, Florida, May 4, 2022 – Associated Energy Group, LLC (AEG Fuels) and OMV are working together to distribute regional Sustainable Aviation Fuel (SAF) produced by OMV in Austria. The two companies have agreed to market an on-demand quantity of SAF in 2022, allowing end users, mainly from the general aviation segment, to access the product as an alternative to conventional jet fuel at Vienna International Airport.

The sustainable fuel is produced at the OMV Schwechat Refinery by co-processing regional used cooking oil provided by Austrian based collector Münzer Bioindustrie GmbH in the fuel production process. This approach makes the entire production chain as regional as possible and keeps transport routes to a minimum. Compared to conventional kerosene, SAF contributes to a CO2 reduction of more than 80% over the entire lifecycle. In technical terms, one key advantage of SAF is that existing infrastructure can be used for storage and refueling.

AEG Fuels has committed to purchasing the product and distributing the supply to aircraft end users via AEG’s numerous sales and marketing channels, including term supply contracts, adhoc demands via AEG’s 24/7 dispatch, instantaneous refueling authorizations via AEG’s web-based Fuel Management platform, and with AEG’s mobile application.

OMVWith OMV’s direct pipeline to Vienna International Airport, SAF will be available for refueling end users as needed. AEG will make accessing SAF as simple as possible for aircraft operators while OMV supports robust proof of traceability, compliance, and product certification via ISCC PLUS and EU RED sustainability criteria.

Daria Napolskikh, Director of Supply, Europe for AEG Fuels: “AEG is committed to playing an active part in reducing the aviation industry’s carbon footprint. We are proud to partner with OMV to make the limited supply of their responsibly produced SAF available to our customers.

Our closely coordinated collaboration delivers an immediate and straightforward solution for operators to cut their carbon emissions. By improving SAF availability, we are simplifying our customers’ pathways to achieving their sustainability goals. We are excited to provide the aviation industry with decarbonization tools through our partnership with OMV in 2022 and beyond.”

Josef Rath, Senior Vice President Industrial Sales and Marketing at OMV: “With AEG Fuels we have a strong sales partner at Vienna International Airport and can thus significantly increase the availability of OMV’s sustainable aviation fuel for end customers.

I am convinced that the replacement of fossil kerosene with fuels made from renewable raw materials is an indispensable strong lever to promote CO2-neutral flying. With tailor-made sustainable aviation fuel solutions for our customers, we want to make a significant contribution to the decarbonization of the aviation industry.”

The aviation industry is working intensively on enhancing fuel efficiency and reducing CO2 emissions. AEG is working with customers to streamline access to SAF and share corresponding sustainability commitments with refiners in order to bridge the gaps in SAF supply, demand, and price.

OMV sees Sustainable Aviation Fuels as an important addition to its future jet fuel range alongside conventional kerosene. AEG and OMV are committed to reducing their carbon footprint and supporting customers in reducing theirs by offering more sustainable solutions.