Italy
ENI

Brindisi polyethylene plant shuts down

July 15, 2026 - As set out in the protocol signed last year at the Ministry of Enterprises and Made in Italy, the Versalis unit will be placed in preserved state.

Novamont loses appeal against antitrust fine

April 22, 2026 - The company and its parent ENI had been fined by the Italian competition authority for abuse of a dominant position in bioplastics used for fruit and vegetable bags. An appeal to the Council of State has been announced.

Versalis break-even pushed back by one year

March 20, 2026 - The Ebit turnaround of Eni’s chemicals division is now expected in the second half of 2028.

Early signs of improvement in Versalis results

February 27, 2026 - The adjusted operating loss narrowed slightly year on year in the final quarter of 2025, with restructuring benefits expected to become more visible over the course of 2026.

Restructuring softens Versalis losses

October 24, 2025 - In the third quarter, results improved slightly as operational losses narrowed. Adverse market conditions continued to curb the impact of restructuring efforts.

Versalis cuts losses in Q2

July 25, 2025 - ENI’s restructuring plan begins to deliver results, despite ongoing macroeconomic pressure and reduced competitiveness in Europe’s chemical industry.

Leadership change at Finproject

July 7, 2025 - Maurizio Vecchiola moves up to executive chairman; Francesco de Francesco named CEO of Versalis-owned Italian company.

Versalis to shut Sicily cracker

June 20, 2025 - Operations to wind down in early July; feedstocks to other Versalis plants to be supplied via ship and pipeline.

Europe’s weak chemical sector weighs on Versalis

April 24, 2025 - Losses widened in Eni’s chemical division in the first quarter of 2025 amid continued pressure from stronger competition in Asia and North America.

Versalis restructuring sparks union rift

March 12, 2025 - Four out of five labor Unions back ENI’s Plan for basic chemicals in Italy – Filctem-Cgil stands firm in opposition.

LAST NEWS

BASF raises its 2026 outlook

July 15, 2026 - Higher prices and volumes drove second-quarter growth, prompting the chemicals group to raise its 2026 EBITDA forecast.

Aliplast expands recycling operations in Poland

July 15, 2026 - Hera Group has signed an agreement to acquire a plant from Kronos Polymer for sorting, grinding and washing polyethylene waste.

Brindisi polyethylene plant shuts down

July 15, 2026 - As set out in the protocol signed last year at the Ministry of Enterprises and Made in Italy, the Versalis unit will be placed in preserved state.

Viridor closes Quantafuel sites

July 14, 2026 - The British group is shutting down its European chemical recycling operations amid weak demand and regulatory uncertainty.

Alfagomma joins Danfoss

July 14, 2026 - The acquisition will combine complementary manufacturing, distribution and application capabilities in mobile and industrial hydraulics.

PET chemical recycling in Switzerland

July 10, 2026 - DePoly has inaugurated a demonstration plant for the depolymerisation of polyester waste at CIMO in Monthey, ahead of a planned move to industrial scale.

MOST POPULAR

Italy-based SAIP expands with U.S. acquisition

November 22, 2024 - The polyurethane equipment manufacturer acquires a majority stake in Linden Polyurethane.

UBE restructures nylon supply chain

February 11, 2025 - Production closures announced in Japan, Spain and Thailand as the company shifts focus from basic chemicals to specialties.

Elkem enters exclusive talks to sell Silicones division

September 24, 2025 - Negotiations launched with a potential buyer; closing of the transaction expected in mid-2026 if successful.

Novonor to sell Braskem stake

December 17, 2025 - A private equity vehicle backed by Vórtx Capital and IG4 Capital will take over Novonor’s stake and share control of the petrochemical group with Petrobras.

Trouble for two Vynova sites

January 21, 2026 - The European PVC producer has filed for insolvency for its plants in Wilhelmshaven, Germany, and Runcorn, United Kingdom.

EVENTS

Friedrichshafen Oct. 12–16, 2026

Plastics fair Fakuma confirms Friedrichshafen

With strong exhibitor interest and regional support, the event will remain at its traditional Lake Constance location for at least five more years.