To clarify, do you have a gear pump or a lobe pump? A lobe pump will not have the issues described by Latexman, as it relies upon clearances, not gear enmeshment, for providing positive pressure. Lobe pumps do not suffer from wear like gear pumps do if the fluid is clean. To put a further point on georgeverghese's point, you will need ensure your pump motor is rated for a Class I Div I area (maybe Div II, depending on your area electrical classification).
You will also likely need to provide a relief line on the pump discharge in the case of pump deadhead. I'm not familiar with how "dirty" butadiene gets (do the residuals on the pipe tend to polymerize and form grit/skins/etc?). If it is a fouling process, you'll also likely need to consider a rupture disc instead of a PSV for relief.
Lastly, sealing may also be an issue. I have used double mechanical seals with a water flush on monomer transfer pumps (with water pressure higher than line pressure), but the application was emulsion polymerization where a little bit of water contamination was not an issue. Again, georgeverghese is right - you will need to select your sealing arrangement carefully to avoid the possibility of leaking.
Also, the conditions you provide (~300K, 3 kgf/cm2) seem awfully close to the boiling point of butadiene (based on extrapolating Antoine constants from NIST). How much prime is needed? Trying to self-prime a liquid that is near its boiling point is difficult, as the liquid may flash when being pulled. I don't know the dynamics (evaporation rate vs volume draw from the pump), but it may be impossible to self-prime without pressurizing the tank more. You may also wreck your seals when trying to prime if it runs dry too long.
Lots of challenges exist with this retrofit idea. Option (1) provided in your second post seems like it would be more feasible and less expensive than trying to retrofit a pump that isn't purpose-built for the application.