Major Sustainability Projects

Austria’s oil and chemicals company OMV inaugurated two major sustainability projects at its Schwechat refinery, under the theme 'From Innovation to Impact: Forward for Good.' The first is OMV’s proprietary ReOil® chemical recycling plant, which converts hard-to-recycle plastics into virgin-quality feedstock, advancing circular economy goals. The second is a new 10 MW electrolyzer facility -- Austria’s largest to date -- that produces up to 1,500 tons of green hydrogen annually.

Concurrently, OMV announced a final investment decision on an even larger 140 MW green hydrogen plant in Lower Austria, expected to produce 23,000 tons of green H₂ per year by 2027. These initiatives underpin OMV’s strategy to decarbonize its operations (aiming for net-zero by 2050) and to supply cleaner fuels and feedstocks. OMV’s CEO lauded the moves as a decisive step in transforming the company into a sustainable fuels, chemicals, and energy business.