- €200m investment to optimize cracker utilities and energy saving
- Green chemistry project with Elevance Renewable Science Inc.
- Six-month pause in cracking/aromatic cycle
- No impact on downstream products in Mantova, Ferrara, and Ravenna
Investment and Agreement
Versalis, Eni, and trade unions have agreed on a €200 million investment to redesign the Porto Marghera site, aiming to enhance competitiveness and optimize production facilities. This agreement is part of Versalis’s broader strategy to strengthen its product portfolio and reduce exposure to commodity products.
Strategic Location and Connectivity
The Porto Marghera site benefits from its strategic location, with proximity to Northern European markets and connections to other Versalis sites in Mantova, Ferrara, and Ravenna. This ensures a steady supply of raw materials and supports the site's operational efficiency.
Green Chemistry Initiative
A significant portion of the investment will focus on the green chemistry project, developed in collaboration with Elevance Renewable Science Inc. This initiative aims to create world-scale plants for producing bio-chemical intermediates and vegetable oils, targeting high-value applications such as detergents, bio-lubricants, and chemicals for the oil industry. The project will leverage existing infrastructure and Versalis’s production stream.
Operational Adjustments
As part of the investment program, there will be a six-month pause in the cracking/aromatic cycle to manage the current market downturn and optimize Versalis’s material balance. This pause will not affect downstream products in Mantova, Ferrara, and Ravenna.
Collaborative Industrial Relations
The agreement underscores the importance of collaborative industrial relations in managing the project efficiently. It activates solutions from the national collective bargaining agreement for Chemical Industry employees, aiming to support business competitiveness and innovation during the plant's revival process.
