STATOIL OUTLINES MTBE DEVELOPMENT PROGRAM

Norway's state oil company Den norkse state oljeselskap AS has outlined plans to become one of the major European producers of methyl tertiary butyl ether in the 1990s. Statoil predicts European demand for MTBE will jump to 4.5 million metric tons/year by 2000 from 2.5 million tons in 1990. Europe currently is a net importer of MTBE, with a productive capacity of 2.2 million tons/year. Statoil has approved a 48,000 ton/year MTBE unit at its Stenungsund petrochemical complex in Sweden and a

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