Versalis (Italy), a global leader in elastomers and a subsidiary of Eni, and Yulex Corporation (Arizona, USA), an agricultural-based biomaterials company, announced today they are forming a strategic partnership to manufacture guayule-based biorubber materials and will launch an industrial production complex in Southern Europe.
The partnership will cover the entire manufacturing chain from crop science to biorubber extraction to the construction of a biomass power station. Versalis will manufacture materials for various applications: after an initial focus on consumer and medical specialty markets, the target is to optimize the process to reach the tire industry.
The partnership will leverage Yulex’s core competencies including crop science and biorubber extraction technologies, to boost Versalis’ bio-based portfolio. The investment will include an ambitious research project to develop technologies targeting the tire industry.
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