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Versalis names Dow executive as next CEO

December 24/2020

MOSCOW (MRC) -- Adriano Alfani, senior global business director at Dow, has been named new CEO of Versalis, effective 1 January, reported Chemweek.

Daniele Ferrari, who has served as Versalis CEO since February 2011, will leave the company at the end of the year.

Alfani started his career at Versalis predecessor EniChem and has been with Dow since 2001.

"We would sincerely like to thank Daniele for these 10 years of passionate enthusiasm and intense activity and for having believed in and led our company on a path towards and increasingly sustainable and circular chemical industry, transforming Versalis business model and placing it among the leaders of the chemical industry at an international level," Versalis said.

As MRC informed before, Versalis, the chemicals subsidiary of Eni (Rome, Italy), has reduced production at its 65,000-metric tons/year acrylonitrile-butadiene-styrene (ABS) plant at Mantova, Italy, to 50% until at least February 2021 due to one of its suppliers declaring force majeure.

We remind that in 2019, Versalis unveiled plans to increase production capacity for ABS at its Mantua, Italy, facility. The project will boost ABS capacity at its existing unit by 30,000 t/y. The engineering phase ha already begun, and production was scheduled to start in 2020.

According to MRC's ScanPlast report, October ABS shipments to the Russian market virtually remained at the previous month's level, totalling 5,060 tonnes. Overall consumption of material in Russia was 37,120 tonnes in the first ten months of 2020, down by 6% year on year.

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. 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:PS, ABS, petrochemistry, Dow, Eni, Versalis, Italy, Russia.
Category:General News
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