OMV to invest EUR 1.1 bln in expansion

14-Nov-06
OMV plans to invest EUR 1.1 bln in an overall expansion scheme. Of this amount, OMV is spending EUR 640 mln to expand olefins and polyolefins capacity at Burghausen, Germany. Part of the project will be a EUR 200 mln polypropylene plant for Borealis, due on stream in 2010. As part of a By 2010, OMV's ethylene output is to rise by 110,000 tpa to 450,000 tpa and propylene output by 315,000 tpa to EUR 560,000 tpa.
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