From Value Chain to Value Circle
OMV has set out to provide answers to a changing world and the challenges of climate change. Get an insight into how the company will become carbon neutral by no later than 2050 and evolve into an integrated supplier of sustainable fuels, chemicals and materials with a strong focus on circular economy solutions.
Why a new strategy?
Climate change is the biggest challenge of our times - and the energy sector is at the very heart of it. That's why we are making a fundamental shift towards circularity.
We are building a leading and integrated sustainable fuels, chemicals and materials company.
Becoming a global leader in circular economy solutions. Building on existing strengths, we will move our business from value chain to value circle …
Moving from Fossil
to Low-Carbon Business
Gradually reducing fossil output while expanding into the low-carbon business. E&P will be the financial enabler of our transformation.
Taking the Lead in
We are focusing on sustainable fuels for aviation, road, maritime transport, and chemical feedstock, while reducing fossil throughput and redesigning our mobility offer.
Setting New Standards in Chemicals and Materials
Continued growth in markets, proprietary technologies, thousands of patents, and a strong track record make Chemicals & Materials our key growth engine.
What's in it for the climate
In line with the Paris Climate Agreement, we're aiming for net-zero in Scope 1, 2, and 3 by no later than 2050. Portfolio upgrades, renewable energy, and sustainable feedstocks are among our key levers to meet the overall reduction target.
What's in it for investors
Decreasing emissions will increase profit. Investment in low-carbon projects will contribute to sustainable shareholder returns.
Strategy 2030 in a nutshell
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