Versalis mulls elastomers joint venture in Egypt

Versalis, the chemicals subsidiary of ENI (Rome), is close to signing a deal to establish an elastomers joint venture in Egypt, CW has learned. Details of the upcoming agreement are not available. The project could form part of a recently announced steam cracker project at Alexandria, Egypt, under which 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 (Cairo), Sidi Kerir Petrochemicals (Cairo), and Abu Dhabi Gas...

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