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Versalis mulls elastomers project in Egypt

3:11 AM MDT | October 23, 2012 | Natasha Alperowicz

Versalis, the chemicals subsidiary of ENI (Rome), is close to signing a deal to set up a new elastomers joint venture in Egypt, CW has learned. Details of the upcoming agreement are not available. Sources say the project could form part of the recently announced cracker development at Alexandria, Egypt, where Egyptian Ethylene and Derivatives Co. is constructing a 460,000-m.t./year ethylene plant and a 20,000-m.t./year butadiene extraction unit. The company is a jv between government-owned Echem, Sidi Kerir Petrochemicals, and Abu Dhabi Gas Industries.   The...

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