VERSALIS / NOVAMONT

Final negotiations on for Versalis' acquisition of Novamont

PETROCHEMICALS ITALY

Union leader Pirani praises, blasts Versalis strategy / Says future of basic chemicals “uncertain”

VERSALIS

Parent company Eni preps new strategy / Italian petchem site to become recycling centre

VERSALIS / NOVAMONT

Shareholder structure revamped / Firmer footing for renewables activities

ASSOCIATIONS

PlasticsEurope appoints Javier Constante and Daniele Ferrari as vice presidents

ITALY

Plastics consumption down in 2014 / Lack of investment / Too many small businesses / Only slight signs of recovery / Efforts to switch to "green" chemistry not sufficient / Study by Plastic Consult

MATRICA

First biochemical plant begins operations in Porto Torres / Additional downstream facilities set to start up in near future

VINYLS ITALIA

Bankruptcy staved off once again / Ministry of economics roundtable slated for June

VERSALIS

Partnering with US biomaterials group Yulex on guayule-based bio-rubber materials / Projected southern European production plant to focus on medical, consumer and tire industries