GTC Technology/Neville Chemical JV to provide C5 and HCR technology to Versalis

Neville Venture, a joint venture between US-based companies GTC Technology and Neville Chemical Co., has signed a strategic partnership agreement with Versalis (Eni) for the production of hydrocarbon resins at Versalis’s plant in Priolo, Italy. GTC also entered into a license agreement for producing the C5 feedstock which will supply the resin facilities. These new, high-value products, synergetic in particular with Versalis’s elastomer business, are used in specialty applications such as adhesives, inks, coatings and rubber.

The project represents an important investment in Versalis’s program for the overhaul of the Priolo plant site, and contributes to upgrading the products from the existing cracking facility. The products will be sold in Europe where Versalis has a widespread commercial presence.

Pinti Wang, CEO of Neville Venture, said, “Neville Venture is pleased to partner with such a respected firm as Versalis. We share their vision for becoming the leading supplier of high-quality resins in the European region through this relationship and look forward to working together.”

For more information, please visit www.gtctech.com

Sponsor:

Sulzer Chemtech Licensing

News Category:

Contracts

Other News Items

A circular solution to plastic waste

Sulzer Chemtech will provide its SuRe™ BTX technology to recover high value circular petrochemicals downstream of Encina’s mixed plastics catalytic conversion process. Sulzer ...

31-01-2022
Steam Cracker recycle processing and product upgrade options

(Weninar) - LPG and light naphtha generated in a refinery complex (from both straight-run and conversion units) are sent to the ethylene cracker as feedstock. There is ...

05-10-2021
Enabling circularity via plastics chemical recycling

(Webinar) - Chemical recycling of plastics is an emerging route to supplement mechanical recycling since polymers can be converted into monomer form. As opposed ...

24-06-2021
Joe Gentry receives lifetime achievement award from Hydrocarbon Processing

Joseph C. Gentry was honored with Hydrocarbon Processing’s ‘Lifetime Achievement’ Award at the publication’s annual awards presentation. The awards seek to recognize ...

12-11-2020
Sulzer GTC helps Croatian refinery to restore its CDU operations

Once distillation columns reach the end of their useful lives, it is important for plant managers to find new, suitable replacements. They should include the latest innovations, ...

23-06-2020
Pinti Wang receives lifetime achievement award from Hydrocarbon Processing

Pinti Wang, president of Sulzer GTC Technology, is the 2019 recipient of Hydrocarbon Processing magazine’s Lifetime Achievement Award. Hydrocarbon Processing’s awards ...

13-11-2019
Sulzer GTC awarded aromatics extraction unit in India

HPCL Rajasthan Refinery Ltd (HRRL), a joint venture company between M/s HPCL and the government of Rajasthan, is setting up a state-of-the-art, 9 MMTPA integrated refinery ...

04-11-2019
Hengli GT-BTX® unit passes performance test run

In July, Hengli approved the performance test run report of the #1 and #2 GT-BTX® Aromatics Extraction Units, which signifies that both of the units passed all the ...

04-11-2019
Isomalk-3 started up in Sinopec Jinling

Recently, a grassroots Isomalk-3 unit successfully started up in Jinling Petrochemical, a Sinopec subsidiary located in Nanjing City, Jiangsu Province, China. The unit ...

04-11-2019
SIBUR KSTOVO selects pyrolysis gasoline processing technologies from Sulzer GTC

Sulzer GTC Technology has signed an agreement with JSC SIBUR-Neftehim (SIBUR) to provide its licensed pyrolysis gasoline (pygas) processing technologies, including design ...

17-09-2019