Versalis office In Shanghai to act as springboard for elastomer growth
ERJ staff report (DS)
Shanghai, China -- Versalis, a chemical company wholly owned and controlled by Eni, has officially entered the Asian market with the opening of its first regional office in Shanghai. The office was inaugurated last week by Versalis CEO, Daniele Ferrari.
Recently, Versalis has also formed a joint venture with Petronas, a market leader for the chemical industries in Asia, for the development of its elastomer division, the company's main sales focus in Asia. The agreement provides for the development and joint operation of a production facility for elastomers, in Pengerang, Johor. The elastomers will be produced at Petronas's refinery and integrated center for the development, and the production and marketing of synthetic rubbers will benefit from Versalis' technical expertise.
Versalis' on-going business strategy in Asia will focus on strengthening the elastomer business by leveraging Versalis' proprietary technologies, including its licensing and patents, to establish collaborative relationships with other international players.
The recent agreement Versalis entered into with Genomatica and Novamont for the manufacturing of butadiene from renewable sources achieves part of the company's new business strategy that is focused on making significant investment in the burgeoning green chemical sector.
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Press release from ENI / Versalis