MOSCOW (MRC) -- Versalis S.p.A. (San Donato Milanese), Eni’s chemical company, has agreed to license its proprietary continuous mass technology to Shandong Eco Chemical Co. Ltd, a Chinese company part of Shandong Haike Holding Ltd., said Chemengonline.
The license will be granted for a 210,000-ton/yr acrylonitrile butadiene styrene (ABS) unit to be built in Dongying, Shandong province (China).
This is a state-of-the-art technology for the production of styrenic polymers, set to be licensed in China for the first time, with a low-carbon footprint achieved via strong reductions across emissions and energy consumption. Applications encompass the automotive industry, household appliances, electronics, medical appliances and furniture.
The license agreement reinforces Versalis’ primacy in the styrenics business and strengthens its position in the Asian market, a region which is undergoing strong expansion in the petrochemical field and is increasingly focused on selecting more sustainable technologies with a low environmental impact.
As per MRC, Versalis, Eni's chemical company, announces that it has begun the production of bioethanol from lignocellulosic biomass at their Crescentino plant. The plant, which was acquired in 2018, has been overhauled thanks to major investments and has started the production of advanced bioethanol, in compliance with the European legislation for the development of renewable energy, as it is derived from raw materials that do not interfere with the food chain. The bioethanol, produced using Proesa technology, is ISCC-EU certified and will be used to formulate gasoline with a renewable component.
As per MRC, Versalis S.p.A. (San Donato Milanese), the chemical company of Italian energy major Eni, has licensed to Enter Engineering Pte. Ltd. a Low-Density Polyethylene/Ethyl Vinyl Acetate (LDPE/EVA) swing unit to be built as part of a new Gas-to-Chemical Complex based on MTO-Methanol to Olefins technology to be located in the Karakul area in the Bukhara region of the Republic of Uzbekistan.
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.