OMV starts environmentally friendly REOIL® project for the plastic recycling revolution

OMV starts environmentally friendly REOIL® project for the plastic recycling revolution

Schwechat, Österreich - The OMV has taken a crucial step towards a sustainable future! On March 12, 2025, it was announced that OMV received a funding of up to 81.6 million euros from the European Union. These funds come from the EU innovation fund and represent the greatest public support that OMV has ever received for a single project. The aim is to build an industrial REOIL® system in the Refinery Schwechat, which can recycle up to 200,000 tons of old plastics annually. These plastic waste, which would normally end up in landfills or in combustion plants, are to be converted into sustainable basic emications using the patented REOIL® technology. This is an important step for the circular economy and the reduction of CO2 emissions, such as omv.de .

REOIL® technology has already proven itself in a pilot plant that has been in operation since 2018. The results are promising: it shows that the process works efficiently and has the potential to contribute significantly to resource optimization and to lower CO2 emissions. The OMV not only relies on innovation, but also creates up to 50 new jobs in the Refinery Schwechat, which underlines the economic aspect of the changeover to a circular economy. Alfred Stern, CEO of the OMV, emphasizes that this technology offers a sustainable solution and supports the achievement of the climate goals by 2050