Eni SpA's chemical subsidiary Versalis has established a 50-50 joint venture with South Korean petrochemical company Lotte Chemical to target the Asian elastomers market. The joint venture is called Lotte Versalis Elastomers Co., and will be headquartered in Yeosu, South Korea. Production capaciy for the elastomers unit includes butadiene and ethylene propylene-derived products for a total capacity of about 200,000 metric tpa.
The JV will manage the production of streams for premium application segments within the elastomers business, mainly the tire and automotive industries, and technical goods.
The establishment of the joint venture follows the primary terms and conditions agreement for the development of an elastomers production plant in Yeosu signed on Oct. 5, 2012.
11-Nov-13 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}