It seems likely that PVC and VCM producer Ineos Italia could be acquired by a consortium headed by Italian businessman Fiorenzo Sartor, based in Treviso, near Venice, owns a distribution company called Videa.
Ineos Italia has its main manufacturing plant located in Porto Marghera, along with operations Ravenna and Sardinia. But one problem that could hinder the inking of this deal is the long enduring problem of chlorine supply to the Porto Marghera operations. Conventionally, Syndial- a subsidiary of Eni, supplied the feedstock, but has discontinued its business with Ineos due to a fall out over missed payments and plans to modernise chlorine production. A pre condition to the Ineos acquisition is buying Syndial's chlor-alkali operation, and contributing 50% costs of substituting old mercury cell technology with new, much less polluting membrane technology to make the chlorine.
14-Oct-08 
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