Keyword: OMV


ADNOC to Take a 24.9% Stake in OMV

06.01.2023 -

In a deal announced shortly before Christmas that only attracted significant attention in the new year, Abu Dhabi National Oil Company (ADNOC) said it is acquiring a 24.9...


OMV Petrom Plans New Aromatics Plant

17.10.2022 -

Romanian oil group OMV Petrom is investing €130 million to add an aromatics plant at its Petrobrazi refinery. The new unit, to be installed over the next three years...


Race for DSM Engineering Plastics Heats up

10.05.2022 -

The race to take over DSM’s engineering plastics business is heating up. After Lanxess in cooperation with private equity group Advent International was identified as a...


OMV Shifts Focus to Sustainable Fuels, Chemicals and Materials

23.03.2022 -

Austrian oil, gas and chemicals group OMV has outlined its Strategy 2030, which will see it transform into a sustainable fuels, chemicals, and materials company with a...

Strategy & Management

Digitalization and Automation of Procurement Processes

10.11.2021 -

OMV is a global oil, gas and chemicals group that develops innovative solutions for a circular economy. With consolidated sales of €16.6 billion and a workforce of around...

Markets & Companies

On the Way to Climate Neutrality

03.06.2021 -

The EU Commission’s ambitious plan for a European Green Deal, launched shortly before the pandemic struck in early 2020, aims to make the continent the world’s first...


OMV Plans Glycerin-to-Propanol Pilot Plant

12.03.2021 -

Austrian energy and chemicals company OMV has announced plans to invest about €30 million in a pilot plant that will produce propanol from glycerin. Construction is...


OMV Invests in Green Hydrogen Plant

19.02.2021 -

OMV and Kommunalkredit Austria – a bank specializing in infrastructure and energy financing – are investing in the construction of Austria’s largest electrolysis plant to...