RELEASED ON 07/05/13 (DD/MM/YY)
OMV (Vienna) has earmarked €230 million ($301.6 million) to build a new butadiene plant at its Burghausen, Germany site and upgrade its existing butadiene plant at Schwechat, Austria, the company announced today. "We are investing in these facilities in order to build on the synergies from our sites in Burghausen and Schwechat as regards petrochemicals. By optimizing our production portfolio we gain a significant additional increase in earnings potential and can improve our competitive position long-term," says Manfred Leitner, board member/refining and marketing at OMV. The expanded butadiene plant at Schwechat is expected to start operations in June 2014. OMV's Schwechat site currently has capacity for 50,000 m.t./year of butadiene. Start-up of the new plant at Burghausen is planned for the second quarter of 2015. Planned capacity figures were not disclosed.
SOURCE Chemweek's Business Daily
OMV (Vienna) has earmarked €230 million ($301.6 million) to build a new butadiene plant at its Burghausen, Germany site and upgrade its existing butadiene plant at Schwechat, Austria, the company announced today. "We are investing in these facilities in order to build on the synergies from our sites in Burghausen and Schwechat as regards petrochemicals. By optimizing our production portfolio we gain a significant additional increase in earnings potential and can improve our competitive position long-term," says Manfred Leitner, board member/refining and marketing at OMV. The expanded butadiene plant at Schwechat is expected to start operations in June 2014. OMV's Schwechat site currently has capacity for 50,000 m.t./year of butadiene. Start-up of the new plant at Burghausen is planned for the second quarter of 2015. Planned capacity figures were not disclosed.
SOURCE Chemweek's Business Daily