Vienna—OMV has taken a final investment decision (FID) to set up a chemical recycling demo plant, based on its proprietary ReOil technology at the company's site in Schwechat, Austria (PCN, 8 Mar 2021, p 2). ReOil technology converts plastic waste into synthetic feedstock, under moderate pressure and normal refinery operating temperatures. The feedstock is used to produce new high-quality plastics.
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