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OMV Invests In 2nd-Generation Biofuel Production

OMV Invests In 2nd-Generation Biofuel Production OMV, the integrated, international oil, gas and chemicals company headquartered in Vienna, plans to build a pilot plant at its Schwechat Refinery which will produce second-generation biofuels from 2023 using a patented process developed inhouse. The plant involves advanced biofuels that are not in competition with foodstuffs. A typical refining process will see the waste-based substance glycerin turned into bio-alcohol, which when added to gasoli...
Thomas Gangl Austrian Research Promotion Agency European Union Red Ii Renewable Energy Directive Schwechat Refinery Downstream Operations European Union

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21st Austria weekly - Vienna Airport, OMV (04/03/2021)

07.03.2021 Vienna Airport (Flughafen Wien): Covid-19 pandemic negatively impacted Flughafen Wien AG’s business results in 2020. Revenue decreased by 61.1% to Euro 333.7 mn, EBITDA by 85.9 % to Euro 54.1 mn. The Flughafen Wien Group plans to be profitable again in 2021. Sufficient liquidity has been secured to cope with all predictable crisis scenarios. From today’s perspective, the Flughafen Wien Group expects revenue of Euro 430 mn, a positive EBITDA of Euro 150 mn and a slightly positive...
Seit Februar Das Unternehmen Thomas Gangl Flughafen Wien Group Flughafen Wien Management Board

2,000 hydrogen-powered heavy good vehicles to soon hit Austrian roads

AVL List GmbH - Official Sponsors of H2 Views Mobility Content A goal to have 2,000 new hydrogen-powered heavy goods vehicles on Austrian roads by 2030 has been set by a new partnership between OMV and Österreichische Post AG. The company’s confirmed the ambitious target earlier this week (24 th Feb) as part of a newly signed Memorandum of Understanding (MoU) that aims to promote commercial electromobility, powered by hydrogen fuel cells. “Hydrogen is a key technology for CO2 reduction an...
Peter Umundum Thomas Gangl Downstream Operations Management Board Kommunalkredit Austria தாமஸ் காண்ல்

OMV & Kommunalkredit Invest in Green Hydrogen Production

128 views Gulf Oil & Gas OMV, the integrated, international oil, gas and chemicals company headquartered in Vienna, and Kommunalkredit Austria AG (Kommunalkredit) have announced a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery. Total investment will be around EUR 25 mn, with OMV and Kommunalkredit each bearing half the cost. The plant is expected to go live in the second half of 2023. From this point, the 10 MW PEM (polymer electroly...
Bernd Fislage Thomas Gangl European Clean Hydrogen Alliance Energy Fund Kommunalkredit Austria Downstream Operations

21st Austria weekly - Vienna Insurance Group, OMV, Pierer Mobility (20/01/2021)

24.01.2021 Pierer Mobility:  The management board of Pierer Mobility with its brands KTM, Husqvarna etc. decided to sell all treasury shares to selected institutional investors or strategic partners in order to further increase the free float, improve trading liquidity and expand the shareholder base. The company holds 193,340 treasury shares; this corresponds to approximately 0.86% of the share capital. Currently, the free float amounts to just below 34%. Pierer Mobility AG: weekly performanc...
Thomas Gangl Vienna Insurance Group Pierer Mobility Insurance Group Managing Board Wiener Sta

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