BMI Industry View
The Italian petrochemicals industry is set for a period of significant change as Eni seeks to divest its
majority share-holding in chemicals producer Versalis and the market environment is faced with economic
challenges posed by Brexit and dome ..."
BMI View: The Italian petrochemicals industry is completing a process of transition to more high-value,
lower-volume production that should help boost commercial viability in the long run. It will capitalise on its
strength in elastomers with export-led growth in the ..."
The Italian petrochemicals market is brightening as growth returns to the manufacturing sector, with
stronger economic growth bolstered by both domestic demand and export growth. However, more and
more of Italy's petrochemicals requirements are imported as the country ..."
In spite of a return to economic growth in 2015 and 2016 and cheaper oil prices, Italy's petrochemicals
market looks in a precarious state. While the automotive industry is expected to post solid growth, the
construction industry remains in recession. More and more of ..."
Italy's petrochemicals prices were pushed down in Q315 as a result of supply side trends - while feedstock
costs fell as a result of low oil prices, the market faced greater saturation as crackers in Italy and the rest of
Europe restarted. While the petrochemicals ind ..."
The temporary reopening of Versalis' 490,000 tonnes per annum (tpa) in Porto Marghera should help
alleviate market shortages caused by the stoppage at the Shell's 910,000tpa cracker in Moerdijk,
Netherlands, but BMI's latest Italy Petrochemicals Report does not envisa ..."
The permanent closure of Versalis' cracker in Porto Marghera has reduced Italian ethylene production
capacity to 1.05mn tonnes per annum (tpa), but domestic producers can now be confident of greater market
stability as they drive towards adding value and diversifying ..."
BMI View: The Italian petrochemicals sector is facing a multitude of problems that will ensure little
growth over coming years. It will face increased competition in core markets as it feels growing pressure
from non-EU rivals and this could prompt industry consolidat ..."