(PRESS RELEASE) MILAN, 3-Dec-2021 — /EuropaWire/ — Eni (BIT: ENI), an Italian multinational energy company with focus on innovation, efficiency and accessibility for all, has announced that its chemical company Versalis will license the continuous mass technology for a 70 KTY ABS unit to Supreme Petrochem Ltd. a leading Indian polystyrene and expandable polystyrene producer, for production of styrenic polymers. According to the agreement, 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 specialises in providing engineering services relevant to proprietary technologies with established leadership in the Asian market, in melammine technology.
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.