OMV to build €230M butadiene plant at its Burghausen, Germany, refinery site; company will also upgrade its existing 50,000 tonnes/year butadiene plant in Schwechat, Austria

NEW YORK , May 16, 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 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. Global additions of new butadiene capacity are limited by consumption of lighter feedstocks at steam crackers. Global changes in the refinery sector mean that, in addition to traditional petroleum products, petrochemical production will take on a more important role at Europe’s refineries, OMV says. The 2 sites will eventually enable OMV to cover about 6% of total butadiene production in Europe, the company says.

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