Versalis and Honam form an elastomers production jv in Korea

Versalis, the chemicals subsidiary of ENI (Rome), says it has signed an agreement with Honam Petrochemical (Seoul) to build an elastomers production plant at Honam’s facilities at Yeosu, Korea. The plant will use Versalis’s proprietary technology and will have capacity of about 200,000 m.t./year. Output will be sold primarily on the Asian markets. Startup is planned by the end of 2015. Versalis will provide its engineering services, commercial development skills, and technical assistance, while Honam will provide the primary raw materials, the site, and...

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