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Business
Versalis Begins Porto Marghera Overhaul
by Alex Scott
February 17, 2014
| A version of this story appeared in
Volume 92, Issue 7
Versalis, the chemical arm of Eni, an Italian oil company, says it will halt manufacturing at its Porto Marghera petrochemical complex in Italy for six months so that it can begin a planned restructuring of the site. The company expects to invest $270 million to optimize its petrochemical complex, reduce energy consumption, and build plants to make biobased chemicals. Earlier this month, Versalis formed a partnership with Elevance Renewable Sciences. Among other activities, the partners plan to design and build a plant at Porto Marghera for converting renewable oils into ethylene.
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