Global Trade Alert
Global Trade Alert

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

Announcement

27 Feb 2025

In February 2025, the European Commission provided a financial grant to OMV Downstream GmbH for the 'ReOil 25000 – Scaling Up Chemical Recycling of End-of-Life Plastics' project.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

27 Feb 2025

Revocation date:

No revocation date

Updated: 16 Jul 2025
Financial grant In force

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...

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