OMV has started operating at its Austrian plastic waste recycling plant in Schwechat. The facility branded ReOil boasts an annual processing capacity of 16,000 metric tons of hard-to-recycle plastics, the equivalent of waste produced by the same number of households. Alfred Stern, chairman of the executive board and CEO at OMV: “The essential materials of the future need to become more sustainable and circular. OMV’s chemical recycling technology plays a pivotal role in driving growth in our Chemicals segment.” “The start-up of the new ReOil plant marks a significant milestone on our path toward achieving climate neutrality by 2050 at the latest. Complementing mechanical recycling, ReOil processes plastic waste that would otherwise remain unrecyclable, reintegrating it into the value chain. Through our Strategy 2030, we are advancing circularity as a cornerstone of our responsible transformation.”