Press

OMV Transforms Plastic Waste Into Crude Oil

Posted by OilVoice Press - OilVoice

20-Sep-2018


  • OMV ReOil recycling plant produces synthetic crude from used plastics

  • From around 100 kilogram of packaging the pilot plant can produce 100 liters of crude per hour

  • Fuel production from waste plastics

As part of the 60th anniversary celebrations in the Schwechat Refinery, OMV presented the cornerstone for an innovative future to political representatives, stakeholders and the media, namely the ReOil used plastics recycling facility. The pilot plant uses a thermo- chemical process to produce synthetic crude from plastic waste.

Manfred Leitner, OMV Executive Board member for Downstream: “This technology allows us to use a barrel of oil multiple times. This means that less plastic is incinerated and greenhouse gases are reduced. The ReOil method thereby contributes to the OMV sustainability goals related to CO2 efficiency”.

OMV has been exploring the potential of used plastics since 2011. In 2013 the first test facility started up in the Schwechat Refinery with a processing capacity of around 5 kg of used plastics per hour. The next-level test facility – with a processing capacity of up to 100 kg per hour – started operations in 2018 and produces 100 liters of synthetic crude per hour. This crude is then subjected to further processing in the Schwechat Refinery to become fuel or base materials for the plastics industry – creating a resource-friendly, circular economy.

OMV invested around EUR 10 mn in the project as a whole, with the Austrian Research Promotion Agency (FFG) subsidizing 10% of the costs.

"By continuously investing in the future, OMV's Schwechat refinery has been able to succeed for 60 years now. The opening of the innovative ReOil plant will allow OMV to continue along this successful path in addition to strengthening Austria as a business andinvestment location”, said Margarete Schramböck, Austria's Minister of Economic Affairs.

The recycling process involves thermal cracking at temperatures exceeding 300 degrees Celsius. This is a proven refining technology under which medium and long-chain hydrocarbons are cracked into shorter-chain hydrocarbons. This means that this circular economy is also based on a circular technology: short-chain crude oil is turned into long- chain plastics which are then turned back into short-chain crude by means of the ReOil method. OMV holds the patent for this process in Europe, the USA, Russia, Australia, Japan, India, China and many other countries.

With this innovative research project OMV is contributing to the Sustainable Development Goals as laid out by the UN General Assembly in 2015. The recycling method has already been fully incorporated into the processes in the refinery and the research team has already started on its plans for the next-level plant.

OMVCrude oilOilSchwechat RefineryrecyclingReOil

More items from oilvoice


Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice


Posted 17 days agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 5 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 5 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 5 months agoPress > TotalDividend
All posts from oilvoice