joint venture

Russian tax incentive unlock foreign investments The key factor that prompted the companies to sign the agreement was the steps taken by the Government of the Russian Federation to introduce tax incentives for offshore production, including cancelling export duties and introducing a reduced Mineral Extraction Tax rate of 5-15% depending on project complexity. The Russian Government also offered guarantees that the favourable tax regime will remain in […]

Versalis (ENI) and Novamont innovate with the Porto Torres bio-chemical complex Matrica Spa is a 50:50 joint venture between Versalis, previously called Polimeri Europa (the biggest Italian chemical company, a subsidiary of Eni), and Novamont (a global market leader in biodegradable plastics). Matrica has the mission to design, build and operate chemical plants using vegetable oil […]