Eni Sells License to Use EST Refining Technology to Zhejiang Petrochemicals
March 16 2018 - 6:21AM
Dow Jones News
By Marc Bisbal Arias
Eni SpA (ENI.MI) said Friday that it has sold the license to use
a proprietary refining technology to Zhejiang Petrochemicals.
The license is for the use of Eni Slurry Technology, or EST,
which Zhejiang Petrochemicals will use for the construction of two
refining lines in Zhoushan, China, as part of a project for the
construction of a new refinery, Eni said. The project is scheduled
to start in 2020 and each of the lines will have a refining
capacity of 3 million tons a year, it said.
Eni said the agreement includes training and technical services,
as well as proprietary equipment, among other things.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
March 16, 2018 06:06 ET (10:06 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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