2023 was another exciting year at OMV –
just two years since the Group Strategy 2030 was published,
guided by our new values “We Care,
We’re Curious,
We Progress”,
we reached numerous milestones.
We have already started taking crucial steps on the path
of our transformation into a net zero company by 2050
within each of our three business segments:
Chemicals and Materials,
Fuels and Feedstock, and Energy.
To expedite the transition from a linear to a circular economy,
we acquired Rialti, increasing our sustainable chemical
production capacity to around 200,000 tons,
and signed an agreement for the acquisition of Integra Plastics.
We also took the final investment decision with Interzero
to build one of Europe’s largest plastic waste sorting plants
for chemical recycling in Germany, marking a major milestone
in advancing our future chemical recycling capabilities.
Finally, to bring our proprietary ReOil® technology to the global market,
we signed a mutually exclusive collaboration agreement with Wood
for its commercial licensing.
In 2023, we signed additional agreements for the delivery of Sustainable Aviation Fuels.
The year also saw the launch of our SAF Business Solutions
which will enable us to share the environmental benefits of SAF
with a broader range of customers, like Microsoft.
The successful delivery
of the modules for our Glycerin2Propanol pilot plant at the Schwechat refinery
was a significant step toward technology maturity.
The plant will allow us to convert glycerin, a waste product, into propanol,
a valuable resource for sustainable fuels and chemical feedstocks.
We also launched eMotion, our ultra-fast charging network,
which delivers high-power charging up to 300 kW.
To provide climate-neutral district
heating to Viennese households via geothermal heat generation,
we joined forces with Wien Energie.
Moreover, we entered into a partnership with Eavor,
a leading closed-loop geothermal energy solutions developer,
to pursue the large-scale deployment of the Eavor-Loop™ technology in Europe.
In Romania, OMV Petrom and CE Oltenia
collaborated to begin building four PV parks
with a total capacity of around 450 MW that are expected to supply
electricity to the national energy system from 2025 onward.
With our partner Aker BP,
we completed the acquisition of a 3D seismic survey
of the Poseidon Carbon Capture and Storage license area in Norway.
We also continued to strengthen ties with start-ups, universities,
and tech frontrunners around the globe to develop more innovative sustainable solutions.
At OMV, we have always provided essentials for a better life –
going forward, we will carry on re-inventing those essentials for sustainable living.