ENI to Invest €1.6 Billion in Revamped Chemical Operations, Could Launch IPO After 2015

Energy group ENI (Rome) presented its newly configured chemical operations to the public for the first time this week at the Plast 2012 plastics and rubber exhibition, being held near Milan. At a press conference yesterday, the CEO of the newly named Versalis, previously Polimeri Europa, Daniele Ferrari, admitted that the company is about 10 years behind its rivals with regard to investment and international expansion, but that it is intent on expanding and differentiating its product portfolio, creating more integrated production sites, and maximizing the...

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