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Global Trade Alert

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Austria: OMV Downstream GmbH gets EUR 81.6 million grant from the EU's Innovation Fund

Description

On 27 February 2025, the European Commission approved a EUR 81.6 million (USD 85 million) financial grant for OMV Downstream GmbH. The grant was provided for the company’s involvement in the “ReOil 25...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Feb 2025

Revocation date

No revocation date

Implementation level

Supranational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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