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Eni has announced closure of cracking plant of the subsidiary Versalis in Porto Marghera

April 21/2021

MOSCOW (MRC) -- There is more uncertainty over Versalis plans for its Porto Marghera, Italy cracker closure following local media reports that the company has taken the earlier declaration for a Spring 2022 stoppage, off the table, said the company.

The Venice bio-refinery is preparing to eliminate the use of palm oil in its production of biofuels. Recently, it submitted documentation to qualify for an environmental impact assessment to build new units that will upgrade the feedstock pretreatment system installed in June 2018, which allow for the treatment of crude vegetable oils, used plant-based cooking oils and used animal fats.

Currently, the systems in Porto Marghera are able to process about 7.5 tonnes of used cooking oil and animal fats per hour; with the construction of the new biomass treatment lines, the entire production capacity of the EcofiningTM plant will be fulfilled with biological materials from the waste and residue chains, expanding feedstock options beyond those incentivised by European and national standards, thus definitively eliminating palm oil from the production of biofuels.

Since 2014 Eni's Venice biorefinery has produced hydrogenated vegetable oil (HVO), which is added to diesel fuel to meet European and national regulatory requirements which state that an increasing proportion of fuels must be made from raw materials from renewable sources. In 2020, with an authorised capacity of 400,000 tonnes per year, it processed around 220,000 tonnes of raw materials, of which more than 25% consisted of used cooking oils, animal fats and other waste vegetable oils. From 2023 Eni will no longer use palm oil in its production processes.

As per MRC, Versalis S.p.A. (San Donato Milanese), the chemical company of Italian energy major Eni, has licensed to Enter Engineering Pte. Ltd. a Low-Density Polyethylene/Ethyl Vinyl Acetate (LDPE/EVA) swing unit to be built as part of a new Gas-to-Chemical Complex based on MTO-Methanol to Olefins technology to be located in the Karakul area in the Bukhara region of the Republic of Uzbekistan.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020).

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:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, ethylene, propylene, neftegaz, petrochemistry, Eni, Versalis.
Category:General News
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