Uploaded March 2022 | Updated September 2026, 1 hour ago
Click this link to watch the German version: youtube.com/watch?v=qlvDKINXZpE&list=PLkHb3uWjLzFWM2j8ABhR07EQ-gdZ2-DRH&index=39
OMV has set out to transform itself into a sustainable fuels, chemicals, and materials company with a strong focus on circular economy solutions. Based on this new strategy representing the most fundamental strategic shift in the company’s history, OMV aims to become a net-zero emissions company by no later than 2050.
The Chemicals & Materials portfolio will be the growth engine of the company and is to be substantially strengthened, expanded, and diversified, with the aim to establish a globally leading position in circular economy solutions.
The Refining & Marketing business is to become a leading European provider of sustainable fuels, feedstock, and mobility solutions. In line with the aim to become a net-zero company, OMV will reduce its oil and gas production by around 20% by 2030 and will completely cease oil and gas production for energy use by 2050.
At the same time Exploration & Production will invest in geothermal energy and carbon capture and storage (CCS) leveraging existing assets and capabilities and contribute to a more sustainable society.
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Subscribe to the OMV YouTube Channel: youtube.com/OMV
Follow our Blog: blog.omv.com
Follow us on Instagram: instagram.com/omv
Follow us on Facebook: facebook.com/omv
Follow us on LinkedIn: linkedin.com/company/omv
Follow us on Twitter: twitter.com/omv
Click this link to watch the German version: youtube.com/watch?v=qlvDKINXZpE&list=PLkHb3uWjLzFWM2j8ABhR07EQ-gdZ2-DRH&index=39
OMV has set out to transform itself into a sustainable fuels, chemicals, and materials company with a strong focus on circular economy solutions. Based on this new strategy representing the most fundamental strategic shift in the company’s history, OMV aims to become a net-zero emissions company by no later than 2050.
The Chemicals & Materials portfolio will be the growth engine of the company and is to be substantially strengthened, expanded, and diversified, with the aim to establish a globally leading position in circular economy solutions.
The Refining & Marketing business is to become a leading European provider of sustainable fuels, feedstock, and mobility solutions. In line with the aim to become a net-zero company, OMV will reduce its oil and gas production by around 20% by 2030 and will completely cease oil and gas production for energy use by 2050.
At the same time Exploration & Production will invest in geothermal energy and carbon capture and storage (CCS) leveraging existing assets and capabilities and contribute to a more sustainable society.
------------------------------------------------------------
Subscribe to the OMV YouTube Channel: youtube.com/OMV
Follow our Blog: blog.omv.com
Follow us on Instagram: instagram.com/omv
Follow us on Facebook: facebook.com/omv
Follow us on LinkedIn: linkedin.com/company/omv
Follow us on Twitter: twitter.com/omv
