Circular Economy
Turning waste into valuable raw materials
OMV is already carrying out research on the solutions for tomorrow and investing in innovative recycling projects like the patented ReOil® method. We strive to contribute to recycling the majority of plastic waste in Austria as valuable raw materials and lowering CO2 emissions. We’re taking the next step.
Recycling
With innovative recycling projects, OMV is contributing to recycling the majority of plastic waste in Austria for the production of new high-quality plastics, thus saving CO2.
How to recycle
Complementing Borealis’ mechanical recycling activities, with OMV’s innovative patented ReOil® technology, chemical recycling plays an essential role to further valorise residual waste streams from our mechanical recycling operations, but also to valorize mixed plastic waste streams which would otherwise go to incineration, or even worse to landfills.
New OMV’s aim
By 2050, around 60% of plastic production is to come from recycled raw materials.
To establish a circular economy, the new OMV is investing around one third of the three billion euros, which are earmarked for the Schwechat site until 2025, in new energies and projects.
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