With the new CEO in position (Alfred Stern, former CEO of Borealis) since the beginning of the month, OMV confirms its focus on petrochemicals and sustainability. While developments in the circular economy (e.g. ReOil project) need time, the emphasis on petrochemicals is already validated by record earnings in H1, with OMV benefiting fully from surging polyolefins prices.
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BIC 21 wrap-up
With the new CEO in position (Alfred Stern, former CEO of Borealis) since the beginning of the month, OMV confirms its focus on petrochemicals and sustainability. While developments in the circular economy (e.g. ReOil project) need time, the emphasis on petrochemicals is already validated by record earnings in H1, with OMV benefiting fully from surging polyolefins prices.