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OMV and the European Climate, Infrastructure and Environment Executive Agency have signed a grant agreement for OMV’s planned industrial Reoil plant, securing up to 81.6 million euros funding.  (Source: Pixabay)
81.6 Million Euro Funding

OMV Secures EU Funding for Industrial Plant

OMV has secured a grant from the EU Innovation Fund for the first time for its planned industrial Reoil plant. The facility is expected to process up to 200,000 metric tons of used plastics and will make use of OMV’s proprietary Reoil chemical recycling technology to convert the recycled material into sustainable base chemicals.

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As of March 27, 2025, the Trump administration has announced a 25 % tariff on all steel and aluminum imports.  (Source: Pixabay)
Market Moves

Chemical Industry Calls for Cooperation Amidst Trump’s Trade War

Donald Trump is back in office and his policies have left the world stunned. Right from his outright support for fossil fuel production within the United States to rolling back climate, air and water pollution, and emissions regulations, to imposing international trade tariffs, the White House has made many bold moves in the past few months. In the middle of all this, the chemical industry urges all parties to cooperate in the ongoing trade war and find a lasting solution for everyone.

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