OMV to shift towards alternative feedstocks for energy products

In Austria, OMV will work together with stakeholders to significantly reduce the carbon footprint of its product portfolio long-term. OMV will increase the share of gas in its portfolio to achieve an immediate CO2reduction. OMV’s equity oil will be used for petrochemical and chemical production (non-energy products) and applying circular plastics economy solutions. Furthermore, OMV will increase the share of alternative feedstocks (such as plastic waste, biofuel/waste, e-fuel/CO2, biogas, synthetic gas) for its products and will focus on hydrogen technologies to identify large-scale commercial applications for the future. Beside these measures, more research and development in some technologies is still needed to bring them to commercial scale (e.g. CCU).