RAVENNA, Italy—Versalis, a wholly owned subsidiary of Italian oil producer Eni S.p.A., is preparing to increase production capacity for "high-added-value" elastomers at its Ravenna industrial site.
Investments of around $88 million in 2023 will "further expand the production mix of highly specialized elastomers" at the Italian site, Eni said in an April 13 news release, noting the program will focus on thermoplastic rubbers, polybutadiene and SBR for the tire and automotive sector.
The company did not provide capacity figures for elastomer production activities at the Ravenna site.