Page 37 - Plastics News November 2022
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OMV and Wood sign MoU for commercial licensing of                        Dow and MVP introduce
          ReOil® technology
                                                                                    the next generation of
                                                                                     Fast Flow Light Resin
                                                                                        Transfer Molding















                                                                                      ow (NYSE: DOW), one of
                                                                                  Dthe  world's  leading  materials
                                                                                  science companies, and Magnum
                                                                                  Venus Products (MVP), a global
                                                                                  manufacturer  of  fluid  movement
                                                                                  and production solutions for indus-
              MV, the international, integrated  one of the first companies to develop   trial applications, introduce a new
          Ooil, gas and chemicals company  a chemical recycling technology for    polyurethane-enabled  chemistry
          headquartered in Vienna, and Wood,  used plastics more than a decade ago.  delivered by an innovative three
          a global leader  in consulting  and   A ReOil® pilot plant has been     component  injection  system  us-
          engineering  solutions in energy   operating  in  the  OMV  refinery  in   ing a unique Fast Flow Light RTM
          and materials markets, signed a    Schwechat,  Austria, since  2018  and   process. This innovative process
          Memorandum     of   Understanding  has  been  processing  end-of-life   for closed molding increases part
          (MoU) to enter  into a mutually    plastics for more than 17,000 hours to   production by decreasing injec-
          exclusive collaboration agreement for   date. In December 2021, OMV took   tion times. The new technique is a
          the commercial licensing  of OMV’s   the final investment decision to build   blend of MVP’s Flex Molding Pro-
          proprietary ReOil® technology. The   a 16,000  t/year ReOil®  demo plant   cess and Light Resin Transfer Mold-
          two  companies aim  to  agree  on a   at the OMV site in Schwechat, which   ing and utilizes collapsible resin
          binding cooperation by mid-2023.   aims to start operation in 2023. The   channels for a faster resin flow.
          ReOil®  is a patented  chemical  demo plant, like the existing pilot plant,   “Our Fast Flow Light RTM pro-
          recycling  technology developed by  will have International Sustainability   cess draws from years of experi-
          OMV, which converts  end-of-life  and  Carbon  Certification  (ISCC     ence as a leader in closed molding
          plastic waste into pyrolysis oil, a  PLUS) ensuring traceability along the   and blends techniques to deliver
          valuable resource. These end-of-   supply chain and verification that the   faster, more efficient part produc-
          life plastics are not suitable to be  value chain meets environmental and   tion,” said Joan Tracy, Director of
          mechanically recycled and would  social standards. The demo plant will   International Sales for MVP, “The
          otherwise be landfilled or sent to waste  comply to the highest industrial safety   process was brought about by the
          incineration.  The  ReOil®  process  standards and will be fully integrated   need to meet faster cure times for
          operates under moderate pressure  within the petrochemical site at the   large parts using high viscosity res-
          and   normal   refinery   operating  Schwechat refinery, enabling OMV to   ins  such  as  fire  retardant  materi-
          temperatures. The pyrolysis oil is then  guarantee  the  best use of resources   als.”
          primarily used again to produce high-  and maximum efficiency.
          quality, sustainable plastics. OMV was




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