Versalis Joint Venture with Neville For Hydrocarbon Resins Production

Versalis, Neville JV for hydrocarbon resins

11:44 AM, 5th August 2013
Joint Venture Business News
Daniele Ferrari, CEO, Versalis.

SAN DONATO MILANESE, ITALY: Versalis (Eni) has signed a strategic partnership agreement with Neville Venture (joint venture of synthetic resins manufacturer Neville Chemical Co and engineering and technology company GTC) for the production of hydrocarbon resins at the versalis Priolo plant and entered into a licence agreement related to the feedstock which will feed the resin facilities.

New technologies will make it possible to build hydrocarbon resin production plants, contributing to making the most of the cuts produced by the existing cracking facility. The presence of a promising market for these products at a European level, where Versalis has a widespread and consolidated commercial presence, represents another qualifying factor that makes this project extremely important for the company.

“The overhaul activities started off at Priolo represents an example of industrial integrated model and this agreement is Versalis’ tangible sign of its commitment to innovation and to application of technological excellence instrumental to enhancing the plant strengths. The path we have taken enables us to find innovative business solutions that, in turn, translate into opportunities for the area and the community we are part of,” said Daniele Ferrari, CEO, Versalis.

 

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