Howtoforge published a guide about installing and using OpenVZ on Fedora 9
"In this HowTo I will describe how to prepare a Fedora 9 server for OpenVZ. With OpenVZ you can create multiple Virtual Private Servers (VPS) on the same hardware, similar to Xen and the Linux Vserver project. OpenVZ is the open-source branch of Virtuozzo, a commercial virtualization solution used by many providers that offer virtual servers. The OpenVZ kernel patch is licensed under the GPL license, and the user-level tools are under the QPL license."
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Installing And Using OpenVZ On Fedora 9
