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Eni rebrands Polimeri Europa as Versalis


Eni has rebranded its Italy-based chemicals division as Versalis and announced a four-year, €1.6bn investment plan at the Plast2012 show in Milan.
In the four-year period from 2012 to 2015, the company will invest €1.6bn in re-launching failing Italian production sites, growing the elastomers business and expanding into new business areas.
Part of the investment - €500m - will be used to construct a new industrial complex at the site in Porto Torres, Italy, which produces bio-monomers and bio-polymers in partnership with Novamont. Versalis plans to build seven production plants in three phases over the next five years, and a new research centre opened at the site in February 2012.
Other investment plans include €350m for the chemical plant at Priolo, Italy, where Versalis will build new plants to increase profitability, and €500m for developing the elastomers business.


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