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OMV to invest in new butadiene capacity in Germany and Austria

8:54 AM MDT | May 20, 2013

OMV (Vienna) has earmarked €230 million ($301.6 million) to build a new butadiene plant at its Burghausen, Germany, refinery site and upgrade the company’s existing butadiene plant at Schwechat, Austria. “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 in earnings potential and can improve our competitive position long term,” says Manfred Leitner, board...

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