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Versalis narrows losses in the first quarter of this year

11:16 AM MDT | April 25, 2013 | Natasha Alperowicz

Versalis (Milan), the chemicals subsidiary of ENI (Rome), reports a strong improvement in profitability in the first quarter of this year. The company is continuing with a major refocusing of its portfolio toward specialty elastomers and biobased chemicals. Announcing the results on Wednesday, Paolo Scaroni, ENI’s CEO, said the “The [refining and marketing] division and Versalis, which both delivered strong improvements over the same period a year ago, will continue with their respective programs to drive a recovery in profitability.”...

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