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Sustainability Newsletter July 2020
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Dear Sir or Madam!
Cooperation is key to addressing our industry’s sustainability challenges. This newsletter highlights our own projects and cooperations, with which we aim to reduce the carbon footprint of our operations, as well as of the energy and petrochemicals value chain. In our operations, we aim to significantly reduce the greenhouse gas emissions both, through conventional ways of reducing carbon dioxide (CO2) (i.e. energy efficiency, equipment and process improvements), as well as powering our operations with renewable energy, therefore contributing to the UN Sustainable Development Goals 7 "Affordable and Clean Energy" and 13 "Climate Action".
We think CO2 capture and utilization is a key circular economy technology for reducing greenhouse gas emissions and turning CO2 into a valuable raw material. We launched a partnership with Lafarge, VERBUND and Borealis to develop a plant that can capture CO2 from cement production and utilize it at industrial scale.
This newsletter brings you the recent milestones in OMV’s sustainability journey.
Stay healthy,
Your OMV Sustainability Team
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OMV and VERBUND, Austria's leading electricity company and one of the largest producers of electricity from hydropower in Europe, started the construction on Austria’s largest photovoltaic (PV) plant. This PV plant will power OMV’s operations and generate savings of around 10,000 tons of CO2 per year.
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OMV Petrom installed photovoltaic (PV) panels at 40 filling stations in Romania to supply them with renewable energy for part of their electricity needs. The PV panels will produce more than 30,000 kWh of solar energy per year in each filling station, which will help reduce their carbon footprint. OMV has also installed PV plants in filling stations in Slovakia and Hungary.
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OMV is involved in the Hywind project via a 19% stake in the Gullfaks field; the project is led by Equinor. The project will directly connect five platforms in the North Sea to an offshore wind farm for their energy needs; this is the first such project in the world. By replacing the platforms' on-site electricity, currently generated by natural gas turbines, the project will help to reduce CO2 emissions by more than 200,000 tons per year.
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Lafarge Zementwerke, a member of LafargeHolcim Group, OMV, VERBUND and Borealis co-signed a Memorandum of Understanding (MOU) for the joint planning and construction of a full-scale CO2 capture and utilization plant by 2030. The plant will help capture CO2 and process it into synthetic fuels, plastics or other chemicals. This innovative project will significantly reduce emissions from cement production, establishing the CO2 as a valuable raw material.
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OMV joins Austria's other leading energy companies and international partners, in the search for innovative start-ups to address climate change & critical infrastructure challenges facing Europe. OMV is the exclusive use case partner for hydrogen storage and H2 security of supply. The applications are open now!
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OMV has been included in the FTSE4Good Index Series for the sixth consecutive time, underscoring its leadership on sustainability. This year, OMV ranks among the best two percent in the Oil & Gas Supersector.
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Did you know?
Since its start in 2018, the ReOil pilot plant managed to successfully recycle 200,000 kilograms of plastic waste. This amount corresponds to what approximately 2,650 households produce in plastic waste from packaging in an entire year. This is equivalent to the population of a small town, like Melk in Austria.
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OMV's recent achievements in social and community investments:
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About 150 white-faced storm petrels have made an 800km plane journey from the Chatham Islands to Mana Island off the coast of Wellington, thanks to funding from OMV New Zealand. The aim of the partnership is to establish a colony of white-faced storm petrels on Mana Island, to help restore the cycle of nutrients from sea to land, and improve the habitat for other animals and plants, contributing to the UN Sustainable Development Goal 15 “Life on Land”. |
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OMV New Zealand is helping hundreds of low-income families in Taranaki have warmer healthier homes through its partnership with WISE Better Homes. OMV’s funding contributes towards free ceiling and underfloor insulation, helping to reduce heating energy costs and saving CO2 emissions through energy efficiency. This project contributes to two UN Sustainable Development Goals: 3 “Good Health and Wellbeing”, and 7 “Affordable and Clean Energy”. |
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Public health is intrinsically linked to human development. Recognizing that, OMV has recently completed its support to Ajdabiya Magariaf Hospital in Libya by providing biomedical equipment and various medical consumables. The project benefits ~140,000 people in surrounding areas. OMV’s support to the health sector in Libya is a contribution towards achieving the UN Sustainable Development Goal 3 “Good Health and Wellbeing”. |
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Contacts
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Bernhard Heneis
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Head of Sustainability & Reporting
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Adele Tharani
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Senior Expert Sustainability & Reporting
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