OMV, a leading integrated energy and chemicals company, recently achieved a significant milestone in its sustainability journey with the inauguration of the ReOil chemical recycling plant and a 10 MW electrolyzer facility at the Schwechat refinery near Vienna. These cutting-edge facilities mark a strategic move towards circularity and green hydrogen production. The ReOil plant is designed to convert hard-to-recycle plastics into high-quality products, contributing to a more sustainable economy by reducing plastic waste and landfill usage. Additionally, the electrolyzer facility, Austria's largest of its kind, aims to produce up to 1,500 tons of green hydrogen annually. This initiative aligns with OMV's commitment to decarbonization and achieving net-zero emissions by 2050. In parallel with these developments, OMV announced a significant investment decision for a 140 MW green hydrogen plant in Lower Austria. This ambitious project, set to become one of Europe's largest hydrogen facilities, is expected to produce 23,000 tons of green hydrogen per year, leading to a substantial reduction in CO2 emissions. The company's focus on green hydrogen underscores its dedication to sustainable practices and driving innovation for a cleaner future. OMV's CEO, Alfred Stern, highlighted the importance of these projects in realizing the company's Strategy 2030 objectives. By integrating sustainable practices into its operations and investing in transformative technologies, OMV aims to strengthen its position as a leader in industrial transformation. The commitment to green hydrogen and circularity demonstrates OMV's proactive approach towards environmental stewardship and meeting evolving market demands for cleaner energy solutions. The company's initiatives not only contribute to reducing carbon emissions but also showcase its role in driving the transition towards a more sustainable and environmentally friendly energy landscape.