CB&I to market Versalis polyethylene technologies in North America
7/24/2014 12:00:00 AM
CB&I announced Thursday a cooperation agreement by which CB&I will market and provide engineering services for Versalis' low density polyethylene (LDPE) and ethyl vinyl acetate copolymer (EVA) technologies in North America.
CB&I says it will be able to offer both tubular and autoclave high pressure processes, which will enhance the range of products at Versalis' LDPE and EVA plants and add a high-quality product mix to meet any market needs.
"The LDPE and EVA technologies complement our olefins processes and our Novolen polypropylene technologies," said Daniel McCarthy, president of CB&I's technology operating group. "Versalis has vast experience in petrochemicals and polymers, and CB&I is already partnered with them for other petrochemicals processes. This expansion of our cooperation is a testament to our successful relationship."
LDPE and EVA are used to produce film applications for agriculture, packaging and stretch hoods, cables, foams, hoses, injection molding and extrusion coating.
"The marketing of our LDPE and EVA through our partnership with CB&I by means of their significant presence in the petrochemicals market worldwide has come to be part of the strategy Versalis is pursuing to strengthen its positioning on the international marketplace and gives the opportunity to enhance and expand our technological footprint paired with high-quality standards," said Versalis CEO Daniele Ferrari.
- INEOS announces the acquisition of the LyondellBasell ethylene oxide & derivatives business and production facility at Bayport, Texas (U.S.) for $700 MM
- Venezuela's PDVSA authorizes first two oil cargoes to India after sanctions relief
- Global airlines body urges oil sector to invest more in sustainable fuel