Our Strategy
The most significant transformation in our company’s history is underway.
With our Strategy 2030 we strive to become an integrated sustainable energy, fuels and chemicals company – rooted in our firm commitment to achieving net-zero emissions by 2050.
Strategy 2030 is about value creation with sustainability at its core. Based on 2019 levels, our targets for 2030 are:
- a 30% reduction in Scope 1 and 2 emissions
- a 20% reduction in Scope 3 emissions
We’re moving forward for good
The implementation of Strategy 2030 is advancing well, with milestones reached across all our business segments. In the past two years, we have launched a range of innovative projects that embody our purpose of re-inventing essentials for sustainable living.
Our approach is methodical and grounded in what is achievable, building upon our core competencies while keeping an eye on the broader vision for 2030. This means responsibly using the cash flows from our core businesses to support and grow our sustainable ventures, signaling our future direction.
We are steadily optimizing our product portfolio, ensuring that we can continue to meet our customers’ needs while also moving towards our overall sustainability goals. Gas remains a key enabler of OMV’s responsible transformation, with OMV Petrom becoming a leading market player in this area in Southeast Europe.
Lighthouse Projects
Discover the lighthouse projects that are illuminating our path to a sustainable future.
Geothermal energy
Geothermal energy taps into the earth's internal heat to produce heat and power. Through our joint venture “deeep” with Wien Energie, we are exploring and developing this sustainable energy source. Our first project aims to harness the geothermal potential of the Vienna Basin to supply climate neutral district heating to up to 200,000 households, delivering as much as 200 megawatts of energy. Bringing together our expertise in geophysics and drilling with Wien Energie's extensive experience in running one of Europe’s largest district heating networks, the project is an example for innovation in the energy sector.
Circular chemicals
We accelerate chemical growth through Borouge Group International (BGI) by integrating feedstocks and driving circular innovation. At the heart of this approach lies the circular economy, which aims to minimize waste and carbon emissions by maximizing the value of resources already in circulation. Our circular chemicals project exemplifies this strategy by recycling plastic waste into valuable secondary raw materials, reducing dependence on fossil resources and contributing to a more sustainable future.
Europe’s largest plastic sorting plant
In partnership with our joint venture partner Interzero, we are building Europe's largest sorting plant for mixed plastic waste in Walldürn, Germany. The plant, set to open in 2026, will process used plastics that would otherwise end up in landfills or incineration plants. The sorted materials will be converted into high-quality secondary raw materials using our patented ReOil® chemical recycling technology.
ReOil® plant expansion
Our proprietary ReOil® chemical recycling technology transforms end-of-life plastic into circular solutions. This process allows us to reclaim the value of plastics otherwise destined for landfill or incineration. The resulting pyrolysis oil serves as a raw material for producing new, high-quality plastics.
Sustainable aviation fuel
Decarbonizing aviation is critical. OMV's sustainable aviation fuel (SAF) is an immediately available solution that reduces the carbon footprint of aviation fuel over its lifecycle. With almost the same chemical characteristics as conventional kerosene, SAF is suitable for all aircraft engines and airport infrastructure.