OMV

(IN BRIEF) OMV has secured up to EUR 81.6 million from the EU Innovation Fund through a grant agreement signed by CINEA to develop its industrial ReOil® facility. This historic funding, the largest public grant OMV has ever received for … Read the full press release →

(IN BRIEF) Clean Rivers has partnered with Project STOP to help reduce plastic waste leakage and improve waste management in Indonesia through the Banyuwangi Hijau Phase 3 project. This partnership is part of a broader agreement between the UAE and … Read the full press release →

(IN BRIEF) Borealis has signed a distribution agreement with Tegral Materials, a member of the Vinmar Group, to expand its polyolefin solutions across Belgium, France, Germany, Luxembourg, and the Netherlands. The agreement will include Borealis’ full portfolio of polyethylene and … Read the full press release →

(IN BRIEF) Borealis has signed a long-term power purchase agreement with Aspiravi to secure 120 GWh of renewable energy annually from Belgian wind farms. This partnership will significantly reduce Borealis’ Scope 2 emissions and supports the company’s goal of sourcing … Read the full press release →

(IN BRIEF) Borealis announced the winners of its 2024 Scientific Innovation Award during Innovation Day in Linz, Austria, celebrating advancements in sustainable plastics. The awards recognized innovators addressing key areas such as sustainable production catalysts, energy-efficient polymerization, and polymer recycling. … Read the full press release →

(IN BRIEF) OMV has entered power purchase agreements with VERBUND and ImWind to secure 67 GWh of renewable electricity each year, meeting over 35% of its Schwechat refinery and Adria Wien Pipeline’s power needs. The supply, 65% from hydropower and … Read the full press release →

(IN BRIEF) Wood has launched a Joint Industry Partnership (JIP) to accelerate Carbon Capture, Utilisation, and Storage (CCUS) projects by developing the first industry guidelines that address the impact of CO2 impurities throughout the CCUS value chain. These guidelines aim … Read the full press release →

(IN BRIEF) The Vienna Stock Exchange reported a strong performance in the third quarter of 2024, highlighted by exceptionally high trading volumes, record bond listings, and a new peak for the ATX Total Return Index, which reached 8,706.77 points on … Read the full press release →

(IN BRIEF) Borealis and Infinium have formed a strategic partnership to produce low-carbon plastics using Infinium’s eNaphtha, a sustainable feedstock made from captured CO2 emissions. This collaboration aims to reduce the carbon footprint of polyolefins, a type of plastic widely … Read the full press release →

(IN BRIEF) Neste, Borealis, and Covestro have partnered to recycle discarded tires into high-quality plastics for automotive applications, aiming to drive circularity in the plastics value chain. Through this collaboration, old tires are transformed into raw materials, processed into base … Read the full press release →

(IN BRIEF) Borealis, a leading provider of sustainable polyolefins solutions, and Burgenland Energie, Austria’s top wind and solar power producer, have signed their first power purchase agreement (PPA) to drive renewable energy usage. Commencing in January 2026, Burgenland Energie will … Read the full press release →

(IN BRIEF) The European Investment Bank (EIB) is providing close to €45 million for the implementation of an innovative geothermal heating project, Eavor-LoopTM, in Geretsried, Bavaria. This pioneering project, which received an additional €91.6 million grant from the EU Innovation … Read the full press release →

(IN BRIEF) TOMRA, in collaboration with OMV and Borealis, is advancing plastic recycling by supplying high-quality raw materials from mixed post-consumer plastic waste. Through long-term feedstock supply agreements, TOMRA’s innovative sorting facility in Germany will provide clean fractions of specific … Read the full press release →

(IN BRIEF) In a bid to accelerate the transition towards a circular economy, Borealis has announced a significant investment of EUR 4.5 million in the cracker furnaces of its Porvoo site. This investment aims to increase the utilization of renewable … Read the full press release →

(IN BRIEF) Borealis announces the successful acquisition of Integra Plastics AD, a Bulgarian advanced mechanical recycling player, solidifying its position in the circular economy landscape. Integra Plastics’ state-of-the-art recycling plant, with an annual capacity exceeding 20,000 tons, significantly bolsters Borealis’ … Read the full press release →

(IN BRIEF) Borealis has received Letters of No Objection (LNOs) from the US Food & Drug Administration (FDA) for specific grades of its Borcycle™ M post-consumer recycled plastics (PCR) to be used in food-grade packaging. This milestone underscores Borealis’ commitment … Read the full press release →

(IN BRIEF) Borealis and AKVA Group have collaborated to introduce a groundbreaking innovation in sustainable aquaculture: the world’s first workboat hull crafted from renewable plastic. Utilizing Borealis’ Bornewables™ range of renewable polyolefins, AKVA Group’s iconic Polarcirkel series now boasts a … Read the full press release →