Flowserve Valves Selected for Waste-to-Product Chemical Recycling Plant in Austria
DALLAS, May 11, 2022 — Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it was awarded a contract to provide control and ball valves to OMV’s chemical recycling demonstration plant in the city of Schwechat, Austria, located approximately 16 km (10 miles) southeast of Vienna.
The OMV demonstration plant will employ their patented ReOil® technology to convert plastic waste into synthetic feedstock, which can then be used to produce base chemicals and plastics for all types of applications, including packaging for food industry and medical products. The facility, which has a design capacity of 16,000 tons per year, is expected to be in operation in 2023. Based on the results of this demonstration plant, OMV will implement a permanent, industrial-scale plant with operations planned for 2026.
“We look forward to supporting OMV, and together, enabling the circular economy of plastics,” said Kirk Wilson, president, flow control division. “Supporting our customers in driving decarbonization not only aligns with our long-standing purpose to make the world better for everyone but is a tangible way we’re executing our growth strategy and enabling the diversification, decarbonization and digitization of our customers, our offerings and our operations.”
As businesses aim to meet energy demands while also striving to reduce carbon emissions, Flowserve will continue to be a leading provider of products and services which support and enable our customers to meet their carbon reduction goals.
To learn more about Flowserve’s commitment to new and existing customers through the energy transition, visit https://www.flowserve.com/en/energy-transition/energy-transition-in-motion/.
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
OMV Aktiengesellschaft (OMV) is an integrated oil, gas and chemicals public company headquartered in Vienna, Austria. It produces and markets oil and gas as well as chemical products and solutions and develops innovative solutions for a circular economy. With an international workforce of more than 22,000, it is one of Austria’s largest listed industrial companies. Learn more about OMV at omv.com.
Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.
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