OMV

OMV is an integrated energy and chemicals company based in Austria, with operations across oil and gas production, refining, fuels, and petrochemicals. In recent years, OMV has increasingly focused on transforming its portfolio toward sustainable chemicals and circular economy solutions, particularly plastics recycling. Through investments in mechanical and chemical recycling, often in partnership with Borealis and other circular economy players, the company aims to reduce reliance on virgin fossil feedstocks and lower lifecycle emissions from plastics. OMV’s strategy combines traditional energy activities with a growing emphasis on circular materials, energy efficiency, and low-carbon innovation. Within the net-zero transition, OMV positions plastics recycling as a key lever to address waste, resource efficiency, and emissions, while advocating for regulatory frameworks that balance environmental ambition with economic viability and technological readiness.