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Wire · opportunities

OMV and Wood sign MoU for commercial licensing of ReOil technology

5 November 2022 · By · Wire by Fusion42

Published

5 November 2022

Topic

opportunities

◆ Sectors

Climate Tech

◆ Source

Read at news.google.com →

◆ Verified

Fusion42 · 2 August 2026 · Fusion42 review

OMV and Wood have signed a memorandum of understanding for the commercial licensing of the ReOil technology, which aims to enhance recycling of plastic waste into valuable products. This partnership marks a step towards scalable chemical recycling solutions in the energy and chemical sectors.

This Wire brief sits within Fusion42's coverage of Climate Tech.

◆ ◆ The Wire takeaway

You in climate tech need to engage with chemical recycling as it moves towards commercial scale licensing. This deal opens doors to integrate circular plastics solutions into your energy or chemical offerings.

◆ Coverage

1 source · 5 Nov 2022

◆ Related on Wire

◆ Topics

Climate Techchemical-recyclingplasticscircular-economyclimate-techpartnership