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Versalis to increase Italian ABS capacity

December 17/2019

MOSCOW (MRC) -- Eni's Versalis plans to increase production capacity for acrylonitrile-butadiene-styrene (ABS) at its Mantua, Italy, facility, according to GV with reference to several industry reports.

The project will boost ABS capacity at its existing unit by 30,000 t/y. The engineering phase has already begun, and production is scheduled to start in 2020.

Versalis may add another 70,000 t/y of ABS capacity with an additional unit at the site, which would be based on the company's One Step technology. A pilot plant was started up at Mantua in 2017 to validate the One Step technology.

As MRC reported earlier, in mid-September 2018, Versalis opened a new EPDM rubber production plant in Ferrara, which will mainly supply the automotive industry. The new facility is an excellent example of reindustrialization of an Italian production plant. Over 250 million euros were invested in the project, which involved constructing a new production line on a land which was reclaimed and duly authorized for renewed industrial use, and the revamping of the existing elastomer plant.

According to MRC's DataScorpe report, overall ABS imports to the Russian market fell in the first ten months of 2019 by 2% year on year to 28,000 tonnes. This figure was 28,600 tonnes in January-October 2018. October ABS imports to Russia dropped by 4% year on year to 3,500 tonnes from 3,600 tonnes in October 2018. Imports of material into the country were 2,600 tonnes in September 2019.

Eni is an Italian multinational oil and gas company headquartered in Rome. It has operations in in 79 countries, and is currently Italy's largest industrial company with a market capitalization of 68 billion euros (USD 90 billion), as of August 14, 2013. The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 39.40% of the shares are held by BNP Paribas.
Author:Margaret Volkova
Tags:PP, PS, ABS, propylene, ethylene, car components, natural rubber, Eni, Versalis, Italy, Russia.
Category:General News
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