OMV says it will stop oil and gas production by 2050 in transformation to net-zero
Green Car Congress
MARCH 26, 2022
In keeping with this strategic shift of business, OMV will reduce its oil and gas production by around 20% by 2030 and will completely cease oil and gas production for energy use by 2050. Driven by Asian markets, global demand for virgin polyolefins is expected to grow above global GDP by 2030.
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