- BUSINESS MEETINGS AND AGREEMENTS
- CHEMICALS
Rome, 12th January 2016 – A meeting was held today at the Ministry of Economic Development between MISE, Eni, Versalis and representatives from the National Confederation of Industry and Trade Unions regarding the prospects for Eni’s petrochemical business, Versalis.
During the meeting, Eni confirmed the importance of the Versalis transformation plan. In just a short period of time, Versalis has reported positive results after having suffered significant losses in recent years. These results were visible in the first nine months of 2015. The transformation plan is centred on high value products (specialities), on efficiency improvements and the streamlining of operations, on international development through strategic partnerships with important global operators, and on the development of green chemicals.
However, the continuously changing global business environment still shows structural limitations, despite significant recent efforts across the industry. For this reason, Eni is seeking to identify a partner for Versalis, in order to strengthen the business further and to ensure the continuity of its investment and restructuring plans. Such a partner must have the availability and expertise to enable Versalis to either broaden or exchange its technology portfolio, so as to generate new development and investment opportunities.
The search for a partner for Versalis, in which Eni intends to retain a significant stake to ensure its objectives are successfully met, will take into account the following fundamental factors: confirmation of the investment plan, retention of the industrial layout for at least five years, the maintenance of current employment levels for at least three years, and retention of the Italian company headquartered in Italy.
During the meeting, Eni confirmed that it will continue to ensure ongoing dialogue with all stakeholders so they are kept abreast of future developments in a timely manner.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
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