Austrian OMV invests in butadiene production

As part of OMV’s Refining and Marketing strategy, the extended butadiene plant at the refinery in Schwechat started operating on May 2, 2014, OMV’s press office said on May 15. OMV is therefore driving forward with its strategic approach of focusing increasingly on petrochemical production at its refinery sites. Parallel to the extension of the butadiene plant in Schwechat, a new butadiene facility is being constructed at the OMV refinery in Burghausen (Germany), which is expected to go into operation in the second quarter of 2015. Butadiene is a key material in the chemical industry and is mainly used in the automotive sector and for producing tires.

Manfred Leitner, OMV Executive Board member responsible for Refining and Marketing, emphasizes the strategic importance of the decision: "With the extended plant we are building on the synergies of the Schwechat refinery with regards to petrochemicals. We are creating additional earnings potential and further improving our competitive position."

Global change in the refinery sector means that petrochemical derivatives play an increasingly important role internationally, alongside traditional oil products such as diesel, heating oil and fuels. "This is why OMV continues to focus on petrochemicals in its refinery activities, and invests in producing materials for strategic growth markets", adds Manfred Leitner.

The upgrade of the plant in Schwechat using state-of-the-art technologies began in September 2013 and was completed on April 26, 2014. Regular operations began on May 2. This means the refinery has increased its butadiene capacity by 30%, and can now produce 60,000 tons of butadiene per year.

Source: OMV Press Office, 2014