Italy
ENI

Versalis cuts losses further

July 29, 2026 - Restructuring measures and plant closures improve second-quarter results, although sales decline and polyethylene margins weaken again in July.

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.

LAST NEWS

Low Rhine levels squeeze transport capacity

August 7, 2026 - Barges are operating with sharply reduced loads as drought affects one of northern Europe’s main logistics corridors.

UK probes polymer imports

August 7, 2026 - The TRA has opened investigations into PET and S-PVC imports following applications from two UK producers.

Plastic Energy relaunches under Monreal

August 7, 2026 - With a new ownership structure following administration proceedings, the UK recycler is preparing to relaunch its activities under the leadership of its founder.

Italy presses ahead on compostables mandate

August 5, 2026 - The Council of Ministers has approved a decree-law introducing mandatory compostability requirements for certain types of single-use packaging. Assobioplastiche has welcomed the decision.

Sinopec expands PVA capacity

August 5, 2026 - A new 50,000-tonne-per-year facility has increased the Chongqing site’s total capacity to 210,000 tonnes per year. The first batches have already been shipped to Europe.

NexPoint emerges from Sabic’s ETP

August 4, 2026 - The new engineering thermoplastics company was created following Mutares’ acquisition of the Engineering Thermoplastics business.

MOST POPULAR

Coperion to close Italian site

July 27, 2026 - The company, part of Germany’s Hillenbrand Group, has announced plans to close its engineering operations in Ferrara.

NexPoint emerges from Sabic’s ETP

August 4, 2026 - The new engineering thermoplastics company was created following Mutares’ acquisition of the Engineering Thermoplastics business.

Amsterdam rejects ethylene damages claims

August 4, 2026 - The ruling does not challenge the antitrust infringement but rejects Shell’s civil damages claim.

Hexpol acquires Vipa Group

August 4, 2026 - The €143.5 million deal strengthens the Swedish group’s thermoplastic compounding activities for Wire & Cable applications.

Italy presses ahead on compostables mandate

August 5, 2026 - The Council of Ministers has approved a decree-law introducing mandatory compostability requirements for certain types of single-use packaging. Assobioplastiche has welcomed the decision.

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.