In an extension of a partnership that goes back to 1998, OMV and Borealis are exploring synergies for OMVs ReOil recycling facility at the Schwechat refinery in Austria to advance the chemical recycling of post-consumer plastics waste.
The two companies share the site with the refinery supplying Borealis with petrochemical feedstock for its plastics production.
Already integrated into the refinery, OMV’s ReOil pilot plant recycles plastics waste into synthetic crude, processing up to 100 kg/hr. The Austrian oil and gas group is planning one more scale-up step before reaching final industrial-scale output.
Thomas Van De Velde, Borealis senior VP hydrocarbons and energy, said the co-operation with OMV on recycling plastics waste was an “important and concrete step for our circular economy strategy.”
In April, OMV announced it had teamed up with Austrian Airlines to process passengers used disposable plastic cups in the ReOil plant see Plasteurope.com of 08.04.2019.
About OMV:
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of more than 20,000 employees in 2018, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria as part of the Central and Eastern Europe core region as well as a balanced international portfolio, with Russia, North Sea, Middle East and Africa as well as Asia-Pacific as further core regions. 2018 daily production stood at approximately 427,000 boe/d. In Downstream, OMV operates three refineries with a total annual processing capacity of 17.8 mn tons and more than 2,000 filling stations in ten countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2018, gas sales volumes amounted to around 114 TWh. Sustainability is an integral part of the corporate strategy. OMV is set to invest EUR 500 mn in innovative energy solutions by 2025.
About Borealis:
Borealis was formed in 1994 through the merger of Statoil and Neste. The Latin word “Borealis” means “from the north” and reflects the company’s early ties to the Nordic region. The first Borealis head office was located in Copenhagen, the capital of Denmark. Over the years, Borealis has developed from its early Nordic roots to an international company with a strong presence primarily in Central Europe and the Middle East. Since 2006, its headquarters have been in Vienna, the capital of Austria.
Edited and contributed by: S. Marjani
************************
Why Should Be “A Paid-Subscriber” and “Advertiser”
Keeping an independent media in countries that impose limitations on self supporting media, will help to support the humankind’s freedom. If you believe it, please act to be a PRO-MEMBER by clicking “HERE“, or:
Please send your PR’s directly to the email address of the Chief-Editor in order to be published at once in the world via ” https://pimi.ir ” The address is: aasaatnia@live.com.
