This collaboration aims to address the growing consumer demand for more sustainable products, particularly in Europe, and to help both companies achieve their sustainability goals, aligning with their customers' carbon reduction strategies.

Christian Vang, Business President of Care Chemicals and Americas at Clariant and a member of the Executive Steering Committee, emphasized the importance of this partnership in advancing the availability of low-carbon footprint ethoxylates. "Renewable low-carbon footprint ethylene from OMV will enable us to expand our bio-based ethylene oxide derivatives portfolio and enhance the supply chain within Europe," he stated.

Clariant has been supporting its global customers with bio-based ethoxylates since 2022, through Clariant India Glycols Specialty Company Ltd. (CISC). This collaboration with OMV is a further step in providing sustainable solutions to their customer base.

Daniela Vlad, Executive Vice President of Chemicals and Member of the Executive Board of OMV, highlighted the broad applications of ethylene oxide and derivatives. She noted that OMV is committed to supporting sustainable transformations for its customers and fostering a circular economy. OMV's integrated business model, which includes the supply of circular feedstock and the certification of sustainable practices through ISCC PLUS, is central to its Strategy 2030 goals.

The partnership will involve joint research and adopting a unified Life Cycle Assessment (LCA) methodology to develop detailed CO2 reduction strategies. This includes exploring Ethanol-to-Ethylene (E2E) technology as a sustainable solution in the ethylene supply chain.

OMV has been increasing its renewable and circular chemical feedstock production at its refineries in Burghausen, Germany, and Schwechat, Austria. The company aims to achieve a production capacity of 200,000 metric tons of sustainable products by 2030, with further growth expected. OMV's sustainability targets include a 30% reduction in absolute GHG emissions in Scope 1 and 2, and a 20% reduction in Scope 3 emissions by 2030, relative to 2019 levels, to achieve net-zero emissions by 2050.

Clariant and OMV are members of the UN Global Compact, reinforcing their commitment to corporate sustainability and social responsibility. This agreement will support Clariant in meeting its 2030 climate targets, which include a 40% reduction in Scope 1 and 2 GHG emissions and a 14% reduction in Scope 3 emissions, based on Science Based Targets Initiative (SBTi) standards.

In addition to meeting their sustainability targets, this collaboration aims to assist industry stakeholders across Europe in achieving their CO2 reduction goals.