GTC Technology/Neville Chemical JV to provide technology for Versalis plant in Italy
Mary Page Bailey
Neville Venture (Pittsburgh, Pa. www.nevchem.com), 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 products will be sold in Europe.