Versalis, Honam JV elastomer production in South Korea

Versalis, Honam JV for elastomer production in South Korea

5:05 AM, 8th October 2012
Versalis, Honam JV for elastomer production in South Korea

MILAN, ITALY: Versalis, Eni’s chemical subsidiary and global leader in elastomers, and Honam Petrochemical Corporation, one of the major petrochemical companies in South Korea, have signed an agreement for the development of an elastomeric production plant at its Honam facilities in Yeosu, South Korea.

The new site will use Versalis’ proprietary technologies and will have a production capacity of about 200.000 tonne of elastomers annually, which will be delivered primarily on the Asian markets. The start-up is planned by the end 2015. Versalis will provide its engineering services, commercial development skills and technical assistance while Honam will provide the primary raw materials, operative sites and existing structures.

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