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Markets :: Basic Chemicals :: Petrochemicals :: Butadiene

OMV earmarks €230 million for new butadiene capacity in Germany and Austria

8:41 AM MDT | May 7, 2013 | Francinia Protti-Alvarez

OMV (Vienna) has earmarked €230 million ($301.6 million) to build a new butadiene plant at the petrochemical complex that forms part of the company's Burghausen, Germany, refinery site, and upgrade the company's existing butadiene plant at its Schwechat, Austria, refining and petrochemicals site, the company announced today. "We are investing in these facilities in order to build on the synergies from our sites in Burghausen and Schwechat [in] regards [to] petrochemicals. By optimizing our production portfolio, we gain a significant additional increase...

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