Its roles Owner Investor / Financier Developer
OMV Aktiengesellschaft (OMV) is an Austrian integrated energy and chemicals company headquartered in Vienna. The group operates across upstream oil and gas, refining and fuels, and chemicals and materials, with a strong footprint in Central and Eastern Europe. Its subsidiary OMV Petrom is a key platform in Southeast Europe.
In chemicals, OMV holds a 75% stake in Borealis, a global producer of polyolefins and base chemicals. Through Borealis, OMV is linked to Borouge, the petrochemicals joint venture with ADNOC in the United Arab Emirates. OMV’s refineries, including Schwechat in Austria, supply petrochemical feedstocks and produce intermediates for plastics and related value chains. The company is developing circular and low‑carbon initiatives—such as chemical recycling, renewable and alternative feedstocks, and hydrogen projects—to reduce the carbon intensity of its operations and support more sustainable materials production.
chemXplore tracks 9 projects involving OMV, of which 5 are active.
Besides these 5, the record holds 4 completed projects.
Closest to start-up first.
The 4 that are completed, on hold or cancelled are in the record. See all 9 in chemXplore →
Gas found at Gullfaks South: 0.5–1.6 million standard cubic metres of recoverable oil equivalents (3.3–10.3 million boe), drilled as a sidetrack to a production well.
Commercially viable Essar discovery holds up to 45 million barrels and could reach ~6,000 b/d; proximity to infrastructure enables rapid, cost-efficient development.
Strong cash flow and low leverage; all segments profitable. Chemicals lifted by Borouge International closing and higher olefin/polyolefin prices.
Restored full production after 5 April incident; shipped all available volumes plus inventory; realised prices rose 53% QoQ; margins squeezed by higher logistics and propylene costs.
140 MW electrolyser at Bruck will produce 23,000 t/yr renewable hydrogen, feed Schwechat refinery via 22 km pipeline, cutting direct CO₂ by up to 150,000 t/yr; operations due end‑2027.
Plant in Lower Austria will produce up to 23,000 t/yr of green hydrogen, start by end‑2027, supply Schwechat refinery and cut about 150,000 t CO2 annually.
Seismic survey completed; Petersdorf 2 exploration well due Q4 2026; potential up to 670 GWh/yr by 2037 covering ~50% of Graz district heating; 20 km pipeline, €150m.
Wittau well begins gas output; first phase 11 TWh for winter 2026/27, recoverable up to 48 TWh. EUR150m invested so far; project could double Austria’s gas production.
active all projects
What each is building and closing, and the pipelines and grids between them, on one map.
