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.

 

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Top-Feature