MOSCOW (MRC) -- Versalis, Eni’s chemical company, has agreed to license the continuous mass technology for a 70 KTY ABS unit to Supreme Petrochem Ltd. a leading Indian polystyrene (PS) and expandable polystyrene (EPS) producer, according to Hydrocarbonprocessing.
The unit will be built in the Amdoshi - Wangani, District Raigad, in Maharashtra state, India.
This state-of-the-art technology will produce styrenic polymers with a low carbon footprint owing to reduced emissions and energy consumption. Market applications of the technology include the automotive industry, household appliances, the electronics sector, medical appliances and furniture.
The license agreement confirms the primary role of Versalis in styrenics and strengthens its position in the Asian market, an area which is undergoing a strong expansion in the petrochemical field and is increasingly focused on selecting more sustainable technologies with a low environmental impact.
Versalis will be supported by Eurotecnica Contractors and Engineers SpA, with which the company has recently signed a cooperation agreement within the styrenics business. Eurotecnica, which will support Versalis in supplying the basic engineering design package, is an Italian company founded in 1962 and part of the Proman Group. The company specializes in providing engineering services relevant to proprietary technologies with established leadership in the Asian market, in melamine technology.
As MRC informed earlier, in September 2021, the “Cracker of the Future” consortium announced two new members and accelerating the development of a game-changing technology for the electrification of the steam cracking process. This enables a revolutionary decrease in greenhouse gas emissions. The consortium announced two new member companies: Repsol and Versalis (Eni) have recently joined the consortium. Together with founding members Borealis (member of the OMV Group), BP, and TotalEnergies SE, the consortium covers ~1/3 of the European Union’s steam cracking capacity with units in Austria, Belgium, Finland, France, Germany, Italy, Portugal, Spain, and Sweden.
According to MRC's ScanPlast report, ABS imports into Russia rose in the first ten months of 2021 by 15% year on year to 33,500 tonnes from 29,100 tonnes a year earlier.
Versalis is a technology leader in the chemical industry and one of the largest producers of polymers in Europe. It has a wide portfolio of proprietary technologies and consolidated experience as a licensor leveraging its extensive R&D, lab & pilot plant testing capabilities and full-scale plant operations experience.
Eni is an Italian multinational oil and gas company headquartered in Rome. It has operations in in 79 countries, and is currently Italy's largest industrial company. The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 39.40% of the shares are held by BNP Paribas.