Home / Knowledge / News / Textiles / Sarlux acquires Versalis petrochemical facility from Eni
Sarlux acquires Versalis petrochemical facility from Eni
08
Jan '15
Italy based Versalis (Eni) has signed an agreement with Sarlux (Saras) to transfer its plant at its Sarroch site in Cagliari, Sardinia.

“The aim is to strengthen integration between the Versalis petrochemical complex and the Sarlux refinery and generate industrial synergies to make the Sarroch site more competitive in the future,” Eni said.

According to Eni, it is necessary to consolidate operations to improve sustainability of the Sarroch petrochemical facility and ensure continuity of operations.

“Consolidation of operations is necessary to meet the challenging market for petrochemicals, distance from the outlet markets and high structural costs derived from separation of scopes of the two companies,” Eni said in a statement.

Sarlux will acquire the Versalis facility, which is already connected with the production cycle of the Sarlux refinery and other facilities like reforming unit, propylene splitter unit, BTX plant, etc.

Under the deal, Versalis will continue to operate on the site with its HSE activities and also with the safety operations following shutdown of the productions that are not included in the agreement.

In addition to optimising the industrial structure of the Sarroch site, the deal also safeguard employment options, with the aim of consolidating expertise and best practices from both firms. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search