OMV and Borealis
2006/11 OMV announces 4 year investment programme in Bavaria of EUR 1.1 bn
2006/9 OMV and Borealis celebrate joint investment in Austria
2006/12 OMV and IPIC to bundle chemistry activities into subsidiary Borealis
production by 110,000 tons per year to 450,000
propylene production by 315,000 to overall 560,000 tons. （a new metathesis plant）
ton polypropylene plant
OMV announces 4 year investment programme in Bavaria of EUR 1.1 bn
OMV Aktiengesellschaft, Central Europe's leading oil and gas group, will strongly promote its growth in Bavaria in the next few years. OMV is currently Bavaria's largest producer of petroleum products. By 2010 the Group will invest approximately EUR 1.1 bn, in order to strengthen its leading position as supplier of the region with petroleum products and petrochemicals.
This OMV investment drive is closely linked to the decision for an important infrastructure project for the petrochemical site Bavaria: the approximately 360 kilometre long Ethylen Pipeline Süd (ethylene pipeline south - EPS) from Münchsmünster to Ludwigshafen will be completed in the third quarter of 2008.
A better part of the investment volume of overall approximately EUR 640 mn into the refinery location Burghausen serves to strengthen the petrochemical division. OMV is expanding its production capacity of propylene and ethylene, both necessary to produce plastics. Concretely, the Group will increase its ethylene production by 110,000 tons per year to 450,000 and its propylene production by 315,000 to overall 560,000 tons. The expansion of capacities will be reached thanks to the construction of a new metathesis plant, by enlarging the ethylene plant and by the new construction of a large cracking furnace.
Simultaneous to the expansion of OMV petrochemical plants, Borealis, which is directly connected with the Group, will also enlarge its capacities. Approximately EUR 200 mn is scheduled to be invested in a 330,000 ton polypropylene plant. This plant will be constructed on the basis of the company's own "Borstar" technology and therefore will be among the most modern plants in the world. The construction of the plant will expand the capacities at Burghausen from 415,000 to 745,000 tons of polyolefin.
tonnes per year Borstar® polyethylene
Borstar polypropylene plant from 210,000 to 300,000 tonnes per year in Schwechat (Austria)
capacity by 150,000 tonnes to 500,000 tonnes
OMV and Borealis celebrate joint investment in Austria
More than a thousand
customers, academics, politicians, bankers, journalists,
suppliers and employees joined OMV and Borealis, in Schwechat, at
the inauguration of a new 350,000 tonnes Borstar® polyethylene
plant, the expansion to
300,000 tonnes of the Borstar polypropylene plant and the expansion from 650,000 to
900,000 tonnes per year of OMV’s nearby cracker. The occasion will be marked with a
futuristic multimedia celebration under the theme, ‘The Bridge: The journey from oil
The EUR 200 million investment by OMV to upgrade its cracker extends OMV ethylene capacity by 150,000 tonnes to 500,000 tonnes per year and its propylene capacity by 100,000 tonnes to 400,000 tonnes per year. These basic petrochemicals products are delivered by pipeline to neighbouring Borealis plants and used in manufacturing advanced polyethylene and polypropylene plastics.