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OMV
OMV (formerly abbreviation for Österreichische Mineralölverwaltung Aktiengesellschaft ('' en, Austrian Mineral Oil Administration Stock Company'')) is an Austrian multinational integrated oil, gas and petrochemical company which is headquartered in Vienna, Austria. The company is listed on the Vienna Stock Exchange. In the 2021 Forbes Global 2000, OMV Group was ranked as the 413st -largest public company in the world. It is active in the oil and gas upstream and downstream businesses as well as in petrochemicals and plastics recycling. History The history of OMV began on July 3, 1956, when the company then known as "Österreichische Mineralölverwaltungs Aktiengesellschaft" was officially entered into the commercial register. Consequently, the Soviet Mineral Oil Administration (''Sowjetische Mineralölverwaltung'', SMV), a corporation formed during the Soviet zone of occupation in post-war Austria became "Österreichische Mineralölverwaltungs Aktiengesellschaft". Four ...
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Aktiengesellschaft
(; abbreviated AG, ) is a German word for a corporation limited by share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a '' société anonyme'' or a '' società per azioni''), and South Tyrol for companies incorporated there. It is also used in Luxembourg (as lb, Aktiëgesellschaft, label=none, ), although the equivalent French language term '' société anonyme'' is more common. In the United Kingdom, the equivalent term is "PLC" and in the United States while the terms "incorporated" or "corporation" are typically used, technically the more precise equivalent term is " joint-stock company" (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges). Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an actin ...
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Plastics Recycling
Plastic recycling is the reprocessing of plastic waste into new products. When performed correctly, this can reduce dependence on landfill, conserve resources and protect the environment from plastic pollution and greenhouse gas emissions. Although recycling rates are increasing, they lag behind those of other recoverable materials, such as aluminium, glass and paper. Since the beginning of plastic production in the 20th century, until 2015, the world has produced some 6.3 billion tonnes of plastic waste, only 9% of which has been recycled, and only ~1% has been recycled more than once. Additionally, 12% was incinerated and the remaining 79% disposed of to landfill or to the environment including the sea. Recycling is necessary because almost all plastic is non- biodegradable and thus builds-up in the environment, where it can cause harm. For example, approximately 8 million tons of waste plastic enter the Earth's oceans every year, causing damage to the aquatic ecosyste ...
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Central Europe
Central Europe is an area of Europe between Western Europe and Eastern Europe, based on a common historical, social and cultural identity. The Thirty Years' War (1618–1648) between Catholicism and Protestantism significantly shaped the area's history. The concept of "Central Europe" appeared in the 19th century. Central Europe comprised most of the territories of the Holy Roman Empire and those of the two neighboring kingdoms of Poland and Hungary. Hungary and parts of Poland were later part of the Habsburg monarchy, which also significantly shaped the history of Central Europe. Unlike their Western European (Portugal, Spain et al.) and Eastern European (Russia) counterparts, the Central European nations never had any notable colonies (either overseas or adjacent) due to their inland location and other factors. It has often been argued that one of the contributing causes of both World War I and World War II was Germany's lack of original overseas colonies. After Wor ...
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OMV Oil Refinery In Schwechat, Austria
OMV (formerly abbreviation for Österreichische Mineralölverwaltung Aktiengesellschaft ('' en, Austrian Mineral Oil Administration Stock Company'')) is an Austrian multinational integrated oil, gas and petrochemical company which is headquartered in Vienna, Austria. The company is listed on the Vienna Stock Exchange. In the 2021 Forbes Global 2000, OMV Group was ranked as the 413st -largest public company in the world. It is active in the oil and gas upstream and downstream businesses as well as in petrochemicals and plastics recycling. History The history of OMV began on July 3, 1956, when the company then known as "Österreichische Mineralölverwaltungs Aktiengesellschaft" was officially entered into the commercial register. Consequently, the Soviet Mineral Oil Administration (''Sowjetische Mineralölverwaltung'', SMV), a corporation formed during the Soviet zone of occupation in post-war Austria became "Österreichische Mineralölverwaltungs Aktiengesellschaft". Four ...
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MOL Group
MOL Plc. ( hu, Magyar OLaj- és Gázipari Részvénytársaság, lit=Hungarian Oil and Gas Public Limited Company), also commonly known as MOL Group, is a Hungarian multinational oil and gas company headquartered in Budapest, Hungary. Members of MOL Group include among others the Croatian and Slovak formerly state-owned oil and gas companies, INA and Slovnaft. MOL is Hungary's most profitable enterprise, with net profits of $770 million in 2019. The company is also the third most valuable company in Central and Eastern Europe and placed 402 on the Fortune Global 500 list of the world's largest companies in 2013 with a revenue equal to one fifth of Hungary's GDP at the time. As of October 2021, the largest shareholder is the Mol New Europe Foundation with 10.49% ahead of Maecenas Universitatis Corvini Foundation and Mathias Corvinus Collegium Foundation, both with 10%, OmanOil Budapest with 7.14% and OTP and ING Bank with 4.9% and 4.48% respectively. Nearly 45% of shares are f ...
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Umlaut (diacritic)
The umlaut () is the diacritical mark used to indicate in writing (as part of the letters , , and ) the result of the historical sound shift due to which former back vowels are now pronounced as front vowels (for example , , and as , , and ). (The term ermanicumlaut is also used for the underlying historical sound shift process.) In its contemporary printed form, the mark consists of two dots placed over the letter to represent the changed vowel sound. It looks identical to the diaeresis mark used in other European languages and is represented by the same Unicode code point. The word ''trema'' (french: tréma), used in linguistics and also classical scholarship, describes the form of both the umlaut diacritic and the diaeresis rather than their function and can therefore be used to refer to both. German origin and current usage (literally "changed sound") is the German name of the sound shift phenomenon also known as '' i-mutation''. In German, this term is also use ...
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Abu Dhabi
Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the Capital city, capital and List of cities in the United Arab Emirates, second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Central Capital District, Abu Dhabi Metropolitan Area. The city of Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. , Abu Dhabi's urban area had an estimated population of 1.5 million, out of 2.9 million in the emirate of Abu Dhabi, as of 2016. The Abu Dhabi Investment Authority is headquartered in the city, and was the Sovereign wealth fund#Largest sovereign wealth funds, world's 5th largest sovereign wealth fund in 2021. Abu Dhabi itself has over a trillion US dollars worth of assets under management in a combination of various List of countries by sovereign wealth f ...
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International Petroleum Investment Company
Mubadala Investment Company PJSC ( ar, شركة مبادلة للاستثمار), or simply Mubadala, is an Emirati state-owned holding company that acts as a sovereign wealth fund. The company was established in 2017 when then-named Mubadala Development Company (now Mamoura Diversified Global Holding) and the International Petroleum Investment Company (IPIC) merged. History Established in 1984, International Petroleum Investment Company (IPIC) was created to advance Abu Dhabi’s natural petroleum wealth for the development of the emirate. Mubadala Development Company followed in 2002 to further diversify the economy. In June 2016, it was announced that Mubadala Development Company would merge with the International Petroleum Investment Company. In 2017, ownership of both MDC and IPIC was transferred to a newly-created parent company, Mubadala Investment Company. The company is a wholly owned investment vehicle of the government of Abu Dhabi, in the United Arab Emirates, and She ...
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Borealis AG
Borealis AG is an Austrian chemical company and is the world's eighth largest producer of polyethylene (PE) and polypropylene (PP). It is headquartered in Vienna, Austria. Overview Borealis is an international provider of polyolefins, base chemicals, and fertilizers. The company has its head office in Vienna, Austria and currently employs about 6,900 people throughout over 120 countries. In 2020 Borealis generated a net profit of about EUR 589 million. The company operates primarily in Europe, with manufacturing plants in Belgium, Central Europe (Austria and Germany), Finland, and Sweden. It also operates compounding units in Brazil, Italy, and the USA, two "innovation centres", its European Innovation Headquarters, as well as customer service centres in several countries. At the beginning of 2017, the International Petroleum Investment Company (IPIC) of Abu Dhabi and Mubadala merged. Mubadala, through its holding company, owned 64% of Borealis, with the remaining 36% belon ...
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Filling Station
A filling station, also known as a gas station () or petrol station (), is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline (or petrol) and diesel fuel. Gasoline pumps are used to pump gasoline, diesel, compressed natural gas, CGH2, HCNG, LPG, liquid hydrogen, kerosene, alcohol fuel (like methanol, ethanol, butanol, propanol), biofuels (like straight vegetable oil, biodiesel), or other types of fuel into the tanks within vehicles and calculate the financial cost of the fuel transferred to the vehicle. Besides gasoline pumps, one other significant device which is also found in filling stations and can refuel certain (compressed-air) vehicles is an air compressor, although generally these are just used to inflate car tires. Many filling stations provide convenience stores, which may sell confections, alcoholic beverages, tobacco products, lottery tickets, soft drinks, snacks, c ...
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USSR
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev ( Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Gove ...
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Schwechat
Schwechat () is a town southeast of Vienna known for the Vienna International Airport and Schwechater beer. The city is home to the refineries of the Austrian national oil company OMV. Geography Schwechat is named after the river Schwechat, which flows through the centre of town. The city subdivisions, called Katastralgemeinde ( Cadastre), are Kledering, Mannswörth, Rannersdorf and Schwechat. Population History Home to the settlement Ala Nova of the Roman Empire, the city was first mentioned in a document in 1334. The meeting at Schwechat of Emperor Leopold I with Jan Sobieski in 1683, after the liberation of Vienna, is commemorated by an obelisk. The imperial troops defeated the Hungarian insurgents in a battle fought here in October 1848. In 1724, a textile factory was established in Schwechat. Schwechat profited massively from the Austrian industrialisation wave of the 19th century, many of the companies established then still exist (i.e. the Dreher Brewery, fou ...
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