OMV will continue to evolve.
We always provided resources for a better life for people.
And we will continue to grow and develop
into a leading company for sustainable fuels, chemicals and materials.
In order to supply that we will build the factories of the future
that use circular economy to provide those resources in a more sustainable way.
And this will allow us to become a net-zero company by 2050.
Well, looking back, is a little bit easier.
I see a very successful company,
that has actually continued to evolve over time.
And has always had an ambition to provide resources for a better life for people.
Now, when I look forward, we will be a more innovative company
and we will build the factories of the future that use circular economy
to again provide the resources in a modern life that is more sustainable.
It’s a path that will be full of change - for all of our business areas.
Let me start with Exploration & Production:
in the transformation to a renewable energy world, we still need transition energies, like gas.
So, while we will reduce oil & gas production slowly over time,
the percentage of gas production will go up.
But at the same time, we will start growing renewable energy sources.
We have fantastic skills, e.g.in the area of geothermal energy
that can be the heating of the future for our households.
In Refining & Marketing we can also provide solutions for a more sustainable mobility.
In the short-and mid-term by moving to biofuels and bio-feedstock for chemical production.
Take the example of sustainable aviation fuels – to make CO2-free flying possible for people.
And in Chemicals & Materials we are actually a great solutions provider
to make the energy transition happen.
Let me just give you two examples:
One is in the automotive area.
There, also electric cars need to be lighter, to use less energy.
And providing advanced plastics can help to do that.
Or in the area of producing renewable electricity,
we also need to bring down the costs with plastics, for example, in wire and cable insulations.
One big change for the chemical and material industry
will be to go from a linear to a circular economy.
Well, success always has many many different factors.
And I think the first one in business is always that you need to have the financial strength.
In particular, when you are looking at a transformation.
How to move into that future and transform the business.
So, financial strength is very important.
But I have a strong believe that innovation is the most important factor
to be successful in these things.
If you think back through the history of mankind,
you will see that we’ve always used technology to make our life better.
And it would be the same thing: to be innovative and make those things happen:
to bring the costs down and make it possible.
But innovation doesn’t just happen by itself.
Innovation is done by people.
So, for that you need the employees, and the creativity of our employees,
they’re to push forward those new ideas.
And the employees should also be open to change
and see the opportunities for new business areas in the challenges ahead of us.