August 28, 2003 Financial Times

ENI may split elastomers business to speed divestment plans.

Having failed to find a buyer for the business as a whole, ENI says it may split the elastomers activities it is selling. The elastomers business is part of Polimeri Europa and had sales of EUR 650 M/y. Polimeri's elastomers business has 10% of the European elastomers market outside Italy. The share in Italy is 34%. It has a 2% share of the N American market. The business makes polybutadiene and a range of styrenic elastomers and block copolymers.

日本経済新聞　2003/9/19

伊ＥＮＩ、化学部門撤退へ

　イタリアのエネルギー大手、イタリア炭化水素公社（ＥＮＩ）のミンカート最高経営責任者（ＣＥＯ）は１８日、不採算の化学部門から撤退する意向を明らかにした。石油・天然ガスの採掘や電力の販売に特化する方針だ。同社は伊政府が株式の３５％を所有する。従業員は８万人で化学部門はその１割を占める。今年１−６月期決算は売上高２５９億３７百万ユーロ。最終利益は３１億ユーロだったが、化学部門の最終損益は５１百万ユーロの赤字を許上した。

Platts 2007/1/18

Italy's Eni to close Gela cracker in refinery upgrade plan

Italy's Eni will close down its Ethylene 2 cracker at Gela, in Sicily, which would result in a cut of around 400 jobs, or about 33%, of the workforce at the site, the company confirmed in a statement, Wednesday.
According to a report in the Italian news agency ANSA, a further 120 jobs would also go from Polimeri Europa, Eni's petrochemical arm, which produces low density polyethylene at Gela.
The closure and job cuts were part of a four-year Eur600 million ($774 million) investment program, from 2007-2010, which are intended to modernize and upgrade the refinery at the site.
The closure of Ethylene 2 was because the plant was old and the technology obsolete, Eni said. In addition, the relatively small size of the cracker, with a 245,000 mt/year ethylene capacity, meant that cracker operation was not competitive.