Eni to partner in S. Korean elastomer plant

qiangzi

Monday, October 8, 2012

Milan - Versalis, Eni’s chemical subsidiary and Honam Petrochemical one of the major petrochemical companies in South Korea, have signed an agreement for the development of an elastomeric production plant at its Honam facilities in Yeosu, South Korea. The new site will use Versalis’ proprietary technologies and will have a production capacity of about 200.000 tons of elastomers annually, which will be delivered primarily on the Asian markets. The start-up is planned by the end 2015. Versalis will provide its engineering services, commercial development skills and technical assistance while Honam will provide the primary raw materials, operative sites and existing structures. The partnership with Honam Petrochemical Corporation is in addition to the recent inauguration of the new Versalis office in Shanghai and its joint venture with Petronas for the development and joint use of a production plant in Malaysia.