18.11.2013 • News • chemicals • Eni • joint venture

Petronas, Eni’s Versalis Ink Joint Venture To Make Synthetic Rubbers

Petroliam Nasional Bhd (Petronas), Malaysia's state oil firm, and Italian oil company Eni's chemical unit said they have inked a joint venture agreement to make synthetic rubber in the Southeast Asian nation.

Petronas, Malaysia's only Fortune 500 firm, will hold 60% stake of the proposed company with Eni's Versalis owning the remainder, according to a statement from both companies late on Thursday. The joint venture will produce and market synthetic rubber from four separate elastomer plants that it plans to build within Petronas' Refinery and Petrochemical Integrated Development site in the southern state of Johor. Financial details of the transaction were not disclosed.

 

Virtual Event

Digitalization in the Chemical Industry
CHEManager Spotlight

Digitalization in the Chemical Industry

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

Top-Feature

most read

Photo
28.07.2025 • News • Chemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.