Polyolefin Sales Growth
Polyolefin sales volumes, including joint ventures, grew by 5% year-on-year, driven by a significant increase in volumes sold by Borealis.
Strategic Progress in Borouge Group International
OMV achieved key milestones such as securing foreign direct investment approval in Austria and merger control clearance in the EU and China.
Hydrogen Plant Investment
OMV announced the investment in a new green hydrogen plant in Austria with a capacity of up to 140 megawatts, contributing to CO2 emissions reduction.
Refining Indicator Margin Increase
The refining indicator margin rose by 15% to $8.1 per barrel, supported by strong motor gasoline crack spreads.
Strong Cash Position
OMV ended the quarter with a cash position of EUR 6 billion and EUR 4.2 billion in undrawn committed credit facilities.