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.


© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Research towards broad spectrum drugs for common infectious diseases

WASHINGTON DC, US: Scientists have reported that there is progress in the search for the first broad-spectrum drugs to combat human rhinoviruses (HRVs ...

Read more
PetroChina selects Dow, JM Davy technology

MIDLAND, US/LONDON, UK/SHANGHAI, CHINA: PetroChina Guangdong Petrochemical Company, a subsidiary of PetroChina Company Limited, China’s largest ...

Read more
Bharat Petroleum, Manali Petrochemicals to build polyurethane plant in Kochi, India

MUMBAI, INDIA: Bharat Petroleum Corporation Limited (BPCL), Indian state owned oil company, and Manali Petrochemicals Limited (MPL), Chennai (India) b ...

Read more
Barack Obama orders for review of chemical safety rules

WASHINGTON DC, US: Barack Obama, US President ordered federal agencies on 1 August 2013 to review chemical safety rules following a deadly fertilizer ...

Read more
Freon 22 leakage in containers ashore Kasargod, India

KASARGOD, INDIA: Officials have spotted the remains of tanker ships off the coast of Berika beach, Kasargod, Kerala, India. The containers were found ...

Read more
Mega container ships disaster, major threat to marine environment

MOSCOW, RUSSIA: A report compiled by Voytenko Mikhail, editor-in-chief, Maritime Bulletin, presents a detailed opinion about MOL Comfort disaster. Acc ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X