The new factory can process up to 16,000 tons of difficult-to-recycle mixed plastic waste per year, equivalent to the amount of plastic waste produced annually by 160,000 Austrian households.

Compared to plastic waste incineration, OMV's proprietary ReOil technology is expected to reduce carbon dioxide emissions by up to 34%. © OMV

"Sustainable and circular materials need to become the norm in the future," commented Alfred Stern, CEO of OMV Executive Board. "OMV's chemical recycling technology plays a crucial role in driving growth in our chemicals business. The start-up of the new ReOil plant marks a significant milestone on our path to climate neutrality by no later than 2050. As a complement to mechanical recycling, ReOil processes plastic waste that would otherwise not be recyclable, reintegrating it back into the value chain. Through our 2030 strategy, we are advancing circularity as the cornerstone of our responsible transformation."

ReOil, developed by OMV in 2009, aims to enhance the sustainability of plastics by reintegrating valuable resources into the value chain and avoiding disposal through incineration or landfilling. This technology converts post-consumer mixed plastic waste into pyrolysis oil, which is used to produce sustainable base chemicals. These chemicals are then transformed into everyday applications such as food packaging, healthcare products, and electric vehicle components. By 2030, ReOil is expected to achieve a 34% CO reduction.₂Reducing it. If plastic waste mixed after consumption is chemically recycled rather than incinerated, it will result in emissions.

Image ReOil Technology © OMV