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OMV invests around EUR 110 mn in Schwechat refinery as part of 2017 turnaround

The turnaround (plant inspection) of the petrochemicals units of Schwechat refinery will start in mid-April. The facilities will shut down as planned. There will be a comprehensive, routine safety inspection, carried out in cooperation with TÜV Österreich. This turnaround is mandatory and is held once every six years. 

The 2017 turnaround will take place in parallel with the turnaround at the neighboring Borealis plant. Schwechat Refinery supplies the monomers for Borealis’ plastics manufacturing. The coordinated inspections at Borealis and OMV are required for the efficient production planning of both parties in light of the integration of their operations.

The turnaround will not only involve maintenance work and safety inspections, but will also see a range of projects implemented in various operation areas. In the course of the turnaround OMV is investing around EUR 110 mn in the Schwechat site. OMV is thereby making a key contribution to operational safety and with it the long-term security of the site.
 

Background information:

OMV Aktiengesellschaft
OMV is producing and marketing oil & gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 19 bn and a workforce of around 22,500 employees in 2016, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria and a balanced international portfolio. 2016 daily production stood at approximately 311,000 boe/d. In Downstream, OMV has an annual refining capacity of 17.8 mn tonnes and approximately 3,800 filling stations in 11 countries (including Turkey) as of end of 2016. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2016, gas sales volumes amounted to 109 TWh.