Chemicals Strategy

Source Press Release
Company ENI S.p.A. 
Tags Strategy - Chemicals
Date March 15, 2012

The scenario for basic chemicals in Europe is characterized by increasing pressure on prices. Eni's strategy will be focused on high value-added products, with a growth target for sales in this segment of 50%, including the investment in plant conversions. Among these is the Matrica project, a joint venture with Novamont, which will create in Porto Torres (in Sardinia) one of the biggest biochemical plants in the world.

Eni is committed to the expansion of its emerging markets activities through strategic partnerships and will continue to promote initiatives to improve the efficiency of its plants and processes.

The expected EBIT improvement for Chemicals is over €400 million by 2015.

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