Italy : Sarlux acquires Versalis petrochemical facility from Eni

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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)

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