OMV Makes Petrochemical Investments At Burghausen Refinery

OMV, International Company Is Expanding And Modernising Its Cracker Units And Petrochemical Cold Section At Its Burghausen Refinery.

By Nicholas Woodroof

OMV, the integrated, international oil, gas and petrochemicals company headquartered in Vienna, is expanding and modernising its cracker units and petrochemical cold section at its Burghausen Refinery in Germany. The measures aim to increase the site’s ethylene and propylene production capacity. Following the planned turnaround of the refinery, the upgraded units are expected to go live in 3Q22, whereby the initial groundwork is already underway.

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“By expanding the cracker, OMV is consistently delivering on its petrochemical strategy for a future-proof refinery. This goes hand in hand with the growth in the chemical industry and serves as a response to increasing customer demand. At the same time, this €40 million investment will provide key economic stimulus for the region and for OMV’s Burghausen site”, said Thomas Gangl, OMV Chief Downstream Operations Officer.

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The cracker expansion will facilitate an increase in annual ethylene and propylene production of around 50 000 metric t, addressing the growth in demand for petrochemical products in the Bavarian Chemical Triangle and on the international markets. Ethylene and propylene are important raw materials for an array of industrial applications such as advanced lightweight automotive components, parts for the renewables sector, medication, or detergents and de-icing agents for example.

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This news was originally published at Stockopedia.

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