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21st Austria weekly - Lenzing, OMV (09/10/2019)

13.10.2019

Lenzing: Fibers producer announced its climate targets in August of this year. By 2030, the company aims to reduce its specific CO2 emissions per ton of manufactured pulp and fibers by 50 percent. By the year 2050, the Lenzing Group will no longer generate any net CO2 emissions. Lenzing‘s Management Board has now resolved to invest Euro 40 mn to expand the production of the raw material sulfuric acid at the Lenzing site. This comprises an important milestone on the path towards climate neutrality. In the future, a new air purification and sulfur recovery plant will not only optimize the company’s self-sufficiency for this raw material and enhance process reliability but improve environmental protection within the context of a clear forward-looking strategy. The new plant represents an important contribution towards implementing the sustainability strategy of the Lenzing Group, and also helps to ensure an even higher level of environmental compatibility of all production operations at the Lenzing site.
Lenzing: weekly performance: 3.41%

OMV: OMV’s oil and gas output decreased slightly in third quarter due to maintenance work in Russia and as the previous quarter’s catch-up effects from production in Libya dissipated. Output fell to 480,000 boe/d from 490,000 boe/d in Q2; however on Y/Y basis output was up 18%. Refining margin rose to USD 5.46/bbl from USD 3.18 in Q2, helped by higher demand for diesel and jet fuel in the summer season.
OMV: weekly performance: 1.61%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (09/10/2019)


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21st Austria weekly - Lenzing, OMV (09/10/2019)


13.10.2019, 1573 Zeichen



Lenzing: Fibers producer announced its climate targets in August of this year. By 2030, the company aims to reduce its specific CO2 emissions per ton of manufactured pulp and fibers by 50 percent. By the year 2050, the Lenzing Group will no longer generate any net CO2 emissions. Lenzing‘s Management Board has now resolved to invest Euro 40 mn to expand the production of the raw material sulfuric acid at the Lenzing site. This comprises an important milestone on the path towards climate neutrality. In the future, a new air purification and sulfur recovery plant will not only optimize the company’s self-sufficiency for this raw material and enhance process reliability but improve environmental protection within the context of a clear forward-looking strategy. The new plant represents an important contribution towards implementing the sustainability strategy of the Lenzing Group, and also helps to ensure an even higher level of environmental compatibility of all production operations at the Lenzing site.
Lenzing: weekly performance: 3.41%

OMV: OMV’s oil and gas output decreased slightly in third quarter due to maintenance work in Russia and as the previous quarter’s catch-up effects from production in Libya dissipated. Output fell to 480,000 boe/d from 490,000 boe/d in Q2; however on Y/Y basis output was up 18%. Refining margin rose to USD 5.46/bbl from USD 3.18 in Q2, helped by higher demand for diesel and jet fuel in the summer season.
OMV: weekly performance: 1.61%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (09/10/2019)



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