By David Reed, UT consulting editor
MILAN, ITALY-Eni SpA plans to invest Euro 600 million ($750 million) in the Porto Marghera chemicals site near Venice in place of Dow Chemical, which is quitting the site, according to a report in the Corriere della Sera newspaper.
The plans may include restarting production of polyurethane raw materials such as TDI (toluene diisocyanate), the report added.
The investment, not yet officially confirmed by Eni, would mark a change in strategy for petrochemicals under its new CEO Paulo Scaroni; his predecessor Vittoria Mincato has sold many of these activities.
Eni's Marghera production of chlorine products will also continue, the Corriere della Sera report said."
