Page 37 - Plastics News November 2022
P. 37
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
November 2022 PLASTICS NEWS 37