OMV and Interzero establish joint venture to build and operate a sorting facility for chemical recycling in Baden-Württemberg.

OMV has announced the final investment decision to build an innovative sorting plant developed by Interzero to produce feedstock for chemical recycling. In total, OMV plans to invest an amount of over EUR 170 mn to build this state-of-the-art facility in Walldürn, Baden-Württemberg. 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. The sorting facility will be the first of its kind to produce feedstock for OMV’s chemical recycling on a large industrial scale (source: press release by OMV).