OMV Positions Itself for a Low-Carbon, Circular Future

Apr 12, 2021 4:00 AM ET
Article

OMV, the international, integrated oil, gas, and chemicals company based in Vienna, has published its 16th sustainability report. The Sustainability Report 2020 particularly focuses on OMV’s contributions to the energy transition, circular economy, and the United Nations Sustainable Development Goals, as well as management of the ongoing COVID-19 pandemic.

OMV's mission, today and tomorrow, is to produce and market oil, gas and chemical products in a responsible manner, and to develop innovative solutions for a circular economy. Sustainability is anchored in the OMV strategy and the company is committed to building a sustainable world worth living in for everyone.

Despite the uncertainties of 2020, OMV hit several milestones in decarbonizing its business and being a leader in sustainability:

  • Set new ambition of net-zero emissions in operations by 2050
  • Achieved lowest-ever total recordable injury rate and safeguarded the health of our employees amid the pandemic
  • Hit milestone in circular economy journey, transforming 250 t of post-consumer plastics into synthetic oil
  • Doubled investments into sustainability innovations
  • Implemented community development initiatives benefiting 1.86 mn people in our countries of operation, and actively supported our communities during the pandemic

For the second time, OMV is also publishing the Sustainability Report digitally. The digital report and more information on OMV’s sustainability projects and initiatives can be accessed on the OMV website at: https://www.omv.com/sustainability-report

About OMV:

OMV produces and markets oil and gas, as well as chemical solutions in a responsible way and develops innovative solutions for a circular economy. With Group sales revenues of EUR 17 bn and a workforce of around 25,000 employees in 2020 (incl. Borealis), OMV is one of Austria’s largest listed industrial companies. In Chemicals & Materials, OMV, together with its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. The company supplies services and products to customers around the globe through Borealis and two important joint ventures: Borouge (with the Abu Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™ (with Total, based in the US). In Refining & Marketing, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and ADNOC Global Trading, with a total processing capacity of more than 500,000 bbl/d. Furthermore, OMV operates about 2,100 filling stations in ten European countries and runs gas storage facilities in Austria and Germany. In 2020, total natural gas sales volumes amounted to around 164 TWh. In Exploration & Production, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as core regions. Daily average production was 463,000 boe/d in 2020 with an emphasis on natural gas. Sustainability is an integral part of OMV’s corporate strategy. OMV supports the transition to a lower-carbon economy and has set measurable targets for reducing carbon intensity.

Media Contact: 
OMV Public Relations: Andreas Rinofner
Tel.: +43 1 40440 21357

Read the Report