DATE : 2015-01-05
German chemicals producer Evonik said Monday it plants to make an extra 165,000 mt a year of MTBE available to the European market in the second quarter.
Evonik said it aims to start using its increased MTBE capacity at Marl in Germany and Antwerp in Belgium in Q2.
The company's butadiene capacity in Antwerp is also set to increase by 100,000 mt/year.
"We aim to go on stream with 165,000 mt MTBE (in Marl and Antwerp) and 100,000 mt butadiene [in Antwerp] in the second quarter of 2015," a company spokesman said.
In January 2013, Evonik announced that it would expand its production facilities in Marl and Antwerp to strengthen its position in the market for C4-based products.
Current European MTBE capacity is estimated at roughly 5.8 million mt/year, meaning that Evonik will increase European capacity by almost 3%.
SOURCE Platts Commodity News