Versalis SpA (Versalis), a subsidiary of Eni SpA, manufactures and sells petrochemical products. These include polyethylene, phenol, acetone, toluene, styrenics, elastomers, and others. Versalis focuses on the basic and intermediate chemical sectors, plastics, rubbers, and chemistry from renewable sources. In FY2024, Versalis produced 5.6 million tonnes of petrochemical products. The company serves industries such as packaging, automotive, household appliances, and the oilfield chemicals sector. Versalis operates 26 plants and seven research centers. It has a global commercial network, with production sites in India and Vietnam, and offices in Shanghai, Mumbai, and Singapore. The company has joint ventures in South Korea (LVE with Lotte Chemical) and the UAE (VPM). It is also present in the North American and Mexican markets and in the African Oilfield Chemicals market in countries such as Ghana, Congo, Ivory Coast, Angola, and Mozambique.

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Versalis is focused on developing innovative solutions to enhance market competitiveness. The company's R&D initiatives emphasize product and process innovation, with a strong commitment to sustainability and the circular economy. Key areas of research include polymer recycling, decarbonization, and the development of new compounds and production technologies. The integration with subsidiaries Finproject and Tecnofilm has expanded R&D activities, particularly in sustainable and circular chemistry, which is recognized as a strategic pillar for the company. The R&D units of Versalis include Research Centres located in Mantua, Ravenna, Ferrara, Novara, Rivalta, and Porto Torres. These centers are responsible for developing projects and proprietary technologies for the production of intermediates, oilfield chemicals, polyethylene, styrenics, elastomers, and chemical products from renewable sources. They also focus on creating new types of products with improved performance and developing innovative processes that enhance sustainability and energy efficiency. Versalis has a team of around 400 researchers and technologists working across its R&D centers. The company holds 305 patent families, with 55 patents protecting inventions related to circular and sustainable products and processes. The company develops synergies through external collaborations to create supply chains and improve technologies, using licensing as a stimulus for innovation. In FY2024, the company spent EUR52 million on R&D, which as a percentage of revenue, stood at 0.01% and grew 13% YoY.