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Austria: Circular Economy OMV to Set Up Chemical Recycling Demo Plant

Source: Press release

The chemical recycling demo plant will be based on OMV’s proprietary ReOil technology and will be built at the Schwechat refinery in Austria. The demo plant with a design capacity of 16,000 t/year will help to scale up the ReOil technology which helps to convert plastics into synthetic feedstock for the petrochemical industry.

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The chemical recycling technology, developed by OMV, converts plastic waste into synthetic feedstock, under moderate pressure and normal refinery operating temperatures, which is then primarily used to produce again high-quality plastics.
The chemical recycling technology, developed by OMV, converts plastic waste into synthetic feedstock, under moderate pressure and normal refinery operating temperatures, which is then primarily used to produce again high-quality plastics.
(Source: OMV)

Vienna/Austria – OMV has taken the final investment decision to build a chemical recycling demo plant, based on its proprietary ReOil technology. With this, OMV is taking the next step toward an industrial-scale plant planned for 2026.

The patented chemical recycling technology, developed by OMV, converts plastic waste into synthetic feedstock, under moderate pressure and normal refinery operating temperatures, which is then primarily used to produce again high-quality plastics.

A ReOil pilot plant has been operating in the Schwechat refinery in Austria since 2018, capable of processing 100 kg of used plastics into 100 liters of synthetic feedstock per hour. The pilot plant has been running for a total of 13,000 hours since its commissioning and thus enabled an improvement in the thermal cracking process and supported the further scale up of the ReOil technology.

The current investment covers the construction of a ReOil demo plant with a design capacity of 16,000 t/year at the OMV site in Schwechat. Production startup is planned for early 2023. To finance this project, OMV entered into its first-ever green loan agreement which is in alignment with the green loan principles and based on a green and project-specific external due diligence appraisal, so-called Second Party Opinion, and a project-specific green financing framework.

The demo plant will turn plastic waste that is not fit to be mechanically recycled and would otherwise be sent to waste incineration into a valuable resource. The feedstock will be sourced in Austria, in close cooperation with local waste management companies, and will consist mainly of polyolefins. Examples of such plastic waste include food packaging, plastic cups, lids from takeaway coffee and confectionery packaging. Through the chemical recycling of plastics, OMV obtains a pure raw material which can again be used to produce virgin-quality base chemicals and plastics for all types of applications including packaging for the food industry and medical products, which must meet the highest quality and safety standards.

The plant will be fully integrated within the petrochemical site at the Schwechat refinery. It represents an important step toward developing ReOil into a commercially viable, industrial-scale chemical recycling technology with a processing capacity of up to 200,000 t/year by 2026.

Like the pilot plant, the ReOil demo plant will be fully ISCC PLUS certified.

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