WEBVTT

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Plastics are a valuable resource
that should be re-used and not thrown away.

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OMV and Borealis believe it is critical to take ownership
of where plastics ultimately end up.

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This is why we are fully committed to advancing a circular economy for plastics
as a means to mitigating climate change and environmental pollution.

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Borealis has committed to increasing the volume
of its recycled plastic solutions to 350,000 metric tons by 2025

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and aims to be a leading “plastic-neutral” producer
of advanced and sustainable polyolefin solutions.

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Advanced mechanical recycling technology is a key part of this,

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with its lower energy footprint, availability
and potential to further increase quality and yields.

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In order to support this transition, Borealis has launched
the Borcycle™ technology brand,

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transforming polyolefin-based waste streams into value-adding,
high performance and versatile solutions for demanding applications.

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My name is Zehra Ali

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and I’m excited along with my team to drive collaboration
to reinvent for more sustainable living.

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Chemical recycling can offer a solution for plastic waste
that is not suitable for mechanical recycling

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and would otherwise end up in incineration or landfill.

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The ReOil process chemically converts plastic waste into synthetic crude oil,
which can in turn be processed into raw materials

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for the production of virgin-quality plastic materials by Borealis.

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By replacing fossil crude oil with synthetic crude oil,
ReOil substantially reduces CO2 emissions.

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OMV is currently preparing for the construction of a ReOil
demonstration plant with a capacity of up to 20,000 metric tons per year,

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which will be followed by an industrial-scale plant
with a capacity of approximately 200,000 tons per year by 2025.

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By combining our complementary mechanical
and chemical recycling efforts,

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OMV and Borealis will close the loop for plastics
and build the foundation for a low-carbon circular economy for plastics.

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My name is Anna Platzer

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and I’m excited to be a part of OMV’s journey
to becoming a leading player in the circular economy.