Versalis and Neville to produce hydrocarbon resins

Italy-based Versalis (Eni) has entered into an agreement with US firm Neville Venture for the production of hydrocarbon resins at its Priolo plant and also entered into a licence agreement related to the feedstock that will feed the resin facilities. The new resins, synergetic in particular with the elastomer business, will be used in specialty applications such as adhesives, inks, coatings and rubber.

Neville Venture is a joint venture between US-based companies Neville Chemical Co., a synthetic resins manufacturer, and GTC, an engineering and technology company in the chemical, refining and gas industry.

The partnership represents an important step in the Priolo plant overhauling framework and it confirms the central role of the site in the Versalis strategic plan. In fact, these new technologies will make it possible to build hydrocarbon resin production plants, contributing to making the most of the cuts produced by the existing cracking facility. The presence of a promising market for these products at a European level, where Versalis has a widespread and consolidated commercial presence, represents another qualifying factor that makes this project extremely important for the company.


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