OMV to Pump EUR40 Million Into Burghausen Refinery
By Joshua Stein
OMV AG said Wednesday that it is spending 40 million euros
($48.5 million) on upgrading the cracker units at its refinery in
The Austrian oil-and-gas company said the investment would allow
it to expand the amount of ethylene and propylene it can produce by
around 50,000 metric tons every year.
The development will meet the increasing demand for the
chemicals in the nearby Bavarian Chemical Triangle and
internationally, the company said. The upgraded units will go live
in the third quarter of 2022.
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(END) Dow Jones Newswires
January 20, 2021 03:47 ET (08:47 GMT)
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