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OMV will build a pilot facility at its refinery in Schwechat, Austria, that turns glycerin, a by-product of making biodiesel, into propanol. OMV plans to open the $36 million facility in 2023. The move to commercialize the technology, which features a novel catalyst, follows over 5 years of research. OMV plans to sell propanol as a gasoline additive and as a chemical production feedstock that replaces fossil-based propanol.
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