has today announced the final investment decision to build an innovative sorting plant developed by Interzero* to produce feedstock for chemical recycling OMV will invest an amount of over EUR 170 mn to build this state-of-the-art facility in Walldürn OMV will hold 89.9 percent of the shares in the joint venture and 10.1 per cent of the shares will belong to Interzero Europe’s leading provider of circular economy solutions Production start of the new plant is expected to take place in 2026 Around 120 new jobs will be created at the new site The groundbreaking ceremony is already scheduled for November 20 with guests from politics expected to attend The sorting facility will be the first of its kind to produce feedstock for OMV’s chemical recycling on a large industrial scale The ReOil® technology developed and patented by OMV is a chemical recycling innovation that converts plastic waste that cannot be mechanically recycled into pyrolysis oil – a valuable resource The input for the sorting plant essentially involves mixed plastics that have not been recyclable until now especially those collected separately from the yellow bag and the yellow bin recycling system in Germany CEO of OMV: “Technology and innovation are at the heart of progress This is why we are investing and forming partnerships to develop innovative technologies and scale them up to an industrial level Our stated strategic goal is to become a leading provider of solutions for sustainable fuels as well as to play a key role in the circular economy This joint project with Interzero will provide feedstock for our ReOil® technology which in turn will transform it into high-quality sustainable raw materials for plastics production we are making a significant contribution to the creation of a circular economy for plastics.” Chairman and owner of Interzero: “With Interzero we are pursuing our vision of a world without waste Chemical recycling and mechanical recycling can complement each other and help us make this vision a reality I am convinced that with the aid of chemical recycling the recycling rate in Germany can and will increase significantly in the future is an important step towards giving a second life to raw materials that were previously sent for incineration Together we want to think long-term and take our pioneering Interzero expertise in the licensing of packaging and in sorting in particular and combine it with OMV’s leading expertise in chemical recycling to close this raw material loop as well” Interzero operates five sorting plants for lightweight packaging in Germany and sorts about a third of Germany’s lightweight packaging waste in the form of over 800,000 metric tonnes per year This means that the company has the largest sorting capacity in Europe at present and is the technology leader The cooperation between OMV and Interzero will ensure the supply of sustainable and high-quality feedstock for OMV’s chemical recycling state-of-the-art sorting facility developed by Interzero will be capable of processing up to 260,000 tonnes of mixed waste plastics per year providing the raw materials for the production of virgin polyolefins This innovative sorting process will make it possible to recover a polyolefin-rich fraction from a waste stream that currently ends up in thermal recycling the focus is on waste plastics that are not suitable for mechanical recycling This ensures that chemical recycling does not compete with mechanical recycling The sorting process used in the new facility has already been tested on an industrial scale and the product has been successfully processed as feedstock in OMV’s ReOil® pilot plant A new ReOil® plant with a capacity of 16,000 tonnes per year is currently under construction at OMV’s Schwechat site in Austria the new plant will have International Sustainability and Carbon certification (ISCC PLUS) which ensures traceability throughout the supply chain and guarantees that the value chain meets all environmental and social standards The ReOil® plant will meet the highest industrial safety standards and will be fully integrated within the petrochemical production units at the Schwechat refinery allowing OMV to ensure optimal use of resources and maximum efficiency The next step is the development of an industrial-scale ReOil® plant with a planned capacity of 200,000 tonnes per year *Operates as ALBA Recycling at the sorting sites Sylvia ShinSVP Corporate CommunicationsTel: +43 (1) 40440-0media.relations@omv.com Florian GregerSVP Investor Relations & SustainabilityTel.: +43 (1) 40440-21600investor.relations@omv.com OMV GroupOMV PetromBorealis Group Read more about the joint project in Walldürn here .. Customer Service+49 7224 9397-701servicenoSpam@GO-AWAYeuwid.de Editorial Team+49 7224 9397-0recyclingnoSpam@GO-AWAYeuwid.com Get the latest news about developments and trends in the industry sent to you once a week free of charge by newsletter Sign up for our newsletter We use cookies and external services on our website others enhance your user experience or help us improve this website You can change your privacy settings any time by clicking privacy policy Necessary cookies are required for the correct functioning of the website Content from video and social media platforms is blocked by default. If access to these services is accepted, separate consent is no longer required when using them. You can find more information on the individual external services in our privacy policy we were early pioneers of chemical recycling we’re working to become European leaders in recycling technologies This goal aligns with our commitment to reducing the production of fossil resources By replacing them with renewable or circular raw materials we can continue to supply essential products while minimizing environmental harm Our proprietary ReOil® chemical recycling technology transforms end-of-life plastic into circular solutions This process allows us to reclaim the value of plastics otherwise destined for landfill or incineration The resulting pyrolysis oil serves as a raw material for producing new Our ReOil pilot plant has been up and running at the Schwechat refinery since 2018 We are currently expanding this technology with a new ReOil plant capable of processing 16,000 metric tons of plastics annually The plant is mechanically complete and is currently in a phased start-up process We’re working with Interzero to build and operate Europe’s largest sorting facility for chemical recycling in Walldürn The innovative sorting plant will be fully automated with a capacity  of up to 260,000 metric tons of mixed plastics annually focusing on materials that cannot be mechanically recycled These plastics will become feedstock for our ReOil® plants supporting our efforts to create a circular economy for plastics Borealis is leading the transition to a circular economy for plastics. Borealis’ circular cascade sets out a whole-lifecycle approach to minimizing the negative impact of plastics on the planet — from product design through to end of life. Find out about Borealis circular economy initiatives: