OMV

Across the OMV Group, we are committed to advancing the circular economy at every stage in the plastics lifecycle, working all along the value chain. Chemical recycling targets hard-to-recycle plastics that can’t currently be mechanically recycled and is capable of producing polymers of virgin quality, it is therefore a vital complement to mechanical recycling. This complementary approach enables the plastic value chain to become circular and helps stakeholders throughout the process to achieve their sustainability targets. In this video Karina Schneider from #OMV and Stephan Roest from Borealis explain how ReOil® turns end-of-life plastics into high-quality circular feedstock for the production of chemicals.

Out now: Our Combined Annual Report We are pleased to present our Combined #AnnualReport, which highlights the milestones we've reached on our journey to become an integrated, sustainable chemicals, fuels and energy company. As we embark on this journey, our report reflects the steps we've taken to address global challenges and create meaningful value for society, our stakeholders and the environment. Explore some of our highlights and learn more about how we are transforming. #ForwardForGood

#Recycling offers the opportunity to give end-of-life plastic a second life In an ideal world, it all begins with pre-sorting, with every household sorting their recyclable waste into different bins according to material, ready to be collected and taken to facilities for further sorting and recycling.   However, this process varies from country to country and even from region to region, depending on local regulations, available infrastructure and services, and consumer behavior.   Discover in our latest #OMV article from industry experts from TOMRA and Reclay, why collecting and sorting waste is the first step in recycling and why this is so important.

Welcome to this week’s edition of “Stories of Impact”, where we’re highlighting some recent examples of circular progress in action. From scaling up our ReOil® chemical #recycling technology to celebrating innovation at Borealis, these stories reflect steady, tangible steps towards our Strategy 2030 goals—and the broader shift to a more #sustainable, resource-efficient future. #ForwardforGood

Meet Anna! She is Department Manager Pilot Plants East in the OMV Schwechat refinery. Anna-Maria Schober played an important role in the start up of the innovative ReOil plant which can process up to 16,000 metric tons of hard-to-recycle mixed plastic waste annually. Watch the video to find out what her role is all about!

Leading the change in #innovation #OMV applauds Borealis for leading Austrian innovation as the top-ranked company in the European Patent Index 2024. Borealis filed 121 new priority patent applications this year, building on a strong foundation of 12,300 patents in total. Congratulations to Borealis for continuously driving #innovation and creating value. Together, we're re-inventing essentials for a #sustainable living.

Scaling up chemical recycling On March 20 we unveiled our innovative ReOil plant which transforms end-of-life plastics into circular feedstocks. Today, here’s everything you need to know about #OMV’s new ReOil plant. Humans produce 350 mn t of plastic waste each year. That’s more than the weight of every person on Earth put together. But just 9% is currently recycled. Our ReOil technology offers a new way to tackle hard-to-recycle plastic, breaking it down into circular chemicals that can be fed back into new plastic production. Here’s how the technology works and why it’s an important development in the wider push towards a #circulareconomy. #ForwardforGood

Today we have announced a significant milestone in the chemical industry following 15 years of pioneering research and development. We have started-up the next-scale expansion of our innovative proprietary ReOil® technology at the Schwechat refinery near Vienna. Our new plant can process 16,000 metric tons of hard-to-recycle mixed plastic waste annually - equivalent to the annual plastic waste generated by 160,000 Austrian households. The resulting pyrolysis oil serves as a raw material for the production of sustainable base chemicals, which are then utilized in various everyday applications, including food packaging, healthcare products, and components for electric vehicles. In 2030, a 34% reduction of CO2 can be achieved if post-consumer mixed plastic waste is chemically recycled in the ReOil plant instead of being incinerated. #ForwardforGood #OMV Read more in our press release: https://lnkd.in/eVYjjztK

Today is Global Recycling Day 🌍♻️   For #OMV plastic waste is a valuable resource. OMV targets to deliver sales volumes of sustainable base chemicals and polyolefins of up to 1.4 mn t by 2030 and establish a leading position in renewable and circular economy solutions. Join us in celebrating Global Recycling Day and let's all do our part in protecting our planet. #globalrecyclingday #circulareconomy

The formation of Borouge Group International marks a pivotal moment in the industry.   Combining Borealis and Borouge, this new polyolefins champion will be the fourth-largest globally, fostering innovation and sustainable growth. Our long-standing strategic partnership with ADNOC Group forms the foundation of this transaction. #OMV and ADNOC will each hold 46.94% of Borouge Group International, ensuring joint control and governance.