OMV

(IN BRIEF) Borouge International has launched Queo™ 7030LA-P, a new polyolefin elastomer combining low density with high melt flow to improve both formulation flexibility and processing efficiency. Produced using advanced solution-phase technology, the material is designed for applications including automotive … Read the full press release →

(IN BRIEF) The European Investment Bank is providing €450 million to OMV to build a large-scale green hydrogen production facility in Bruck an der Leitha, Lower Austria. The loan is the EIB’s largest-ever financing in Austria’s energy sector and covers … Read the full press release →

(IN BRIEF) OMV is investing EUR 65 million in the construction of the OMV Innovation Hub Schwechat in Austria, a new research and development center designed to accelerate the company’s technological transformation and climate neutrality strategy. Construction progress has reached … Read the full press release →

(IN BRIEF) A collaborative initiative led by Austrian partners is introducing a fully closed-loop recycling system at the Eurovision Song Contest 2026 in Vienna, where 100,000 reusable cups made from 100 percent recycled plastic will be used throughout the event. … Read the full press release →

(IN BRIEF) OMV and XRG have finalized the creation of Borouge International, a new global polyolefins leader formed through the merger of Borouge Plc and Borealis and the acquisition of NOVA Chemicals. Headquartered in Austria with global operations, the company … Read the full press release →

(IN BRIEF) BASF SE has nominated Mark Garrett as a shareholder representative candidate for election to its Supervisory Board at the Annual Shareholders’ Meeting scheduled for April 30, 2026. Garrett is set to succeed Liming Chen, who will step down … Read the full press release →

(IN BRIEF) Borealis has been named Nouryon’s Supplier of the Year in the Ethylene and Fuel Gas category, reflecting its operational excellence, reliability, and responsible partnership approach in supporting Nouryon’s specialty chemicals business. The award recognizes Borealis’ strong performance across … Read the full press release →

(IN BRIEF) Borealis has completed a successful reusable cup pilot at K 2025 in Düsseldorf, marking the first time a large-scale reuse system was implemented at the event and at Messe Düsseldorf. The project used 50,000 cups made from foamable … Read the full press release →

(IN BRIEF) Borealis is investing €49 million to scale up commercial production of Borstar® Nextension polypropylene at its Burghausen site in Germany, expanding access to next-generation single-site PP materials. The investment supports the transition to high-performance monomaterials that enable circular … Read the full press release →

(IN BRIEF) OMV has secured up to EUR 123 million in production funding from Austria Wirtschaftsservice GmbH for a 140 MW green hydrogen plant in Bruck an der Leitha, following a positive assessment by the European Hydrogen Bank. Scheduled to … Read the full press release →

(IN BRIEF) Covestro has announced a change in leadership on its Supervisory Board following the completion of its strategic partnership with XRG. Dr. Rainer Seele was elected Chairman on 18 December 2025 and assumed the role on 20 December, succeeding … Read the full press release →

(IN BRIEF) Borealis is a key partner in Project ELECTRO, an EU-funded initiative developing electrified chemical recycling technologies to convert hard-to-recycle plastic waste into high-value olefins using renewable electricity. Drawing on its expertise in chemical recycling and polyolefins, Borealis leads … Read the full press release →

(IN BRIEF) OMV Petrom confirms that the Neptun Deep Black Sea gas development with Romgaz is progressing on schedule, with first gas expected in 2027 and investments estimated at up to EUR 4 billion. As development drilling continues, the company … Read the full press release →