By LIAM MOLONEY
ROME -- Italys Eni said Friday it signed an agreement
with Honam Petrochemical for the development of
an elastomeric plant at a South Korean facility of the Asian
company, as the Italian company seeks to turn around its
chemicals subsidiary Versalis.
The new site will use Versalis technologies and will
have a production capacity of about 200,000 tpy of elastomers,
or elastic polymers, which will be delivered mainly to Asian
markets, Eni said in a statement.
Start-up is planned for the end of 2015, the Rome-based
Versalis will provide engineering services, commercial
development skills and technical assistance, while Honam will
provide the primary raw materials, operative sites and existing
Dow Jones Newswires
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