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ENI Invests €1.6 Billion in Revamped Chemical Unit, Eyes IPO After 2015

1:16 PM MDT | May 18, 2012 | —Peter Mapleston

Energy group ENI (Rome) presented its newly configured chemicals business for the first time recently. Daniele Ferrari, CEO of the newly named Versalis, previously Polimeri Europa, said recently that the company is about 10 years behind its rivals in terms of investment and international expansion, but that it is intent on expanding and differentiating its product portfolio, and creating more integrated production sites. “We are certain that Versalis will become a leader on a global level at the end of this plan,” Ferrari says. He aims to double the...

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