Eni's (E) Versalis and Crocco Team Up for Eco-Friendly Packaging – Zacks Investment Research

We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
New to Zacks? Get started here.
Don't Know Your Password?

Don't Know Your Password?

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
OK Cancel
Image: Bigstock
Zacks Equity Research
Better trading starts here.
You follow Analyst Blog – edit
You follow Zacks Equity Research – edit

Eni SpA’s (E Free Report) chemical subsidiary, Versalis, teamed up with Crocco, a leading flexible packaging company, to produce innovative food packaging film. This collaboration is aimed at creating packaging materials from Balance, a Versalis product, including raw materials derived from the recycling of post-consumer plastics. This initiative is targeted toward large-scale retail markets, promoting mass production of sustainable food packaging.
The new packaging, which would be designed for food contact, is expected to maintain the essential technical performance and health properties, thanks to the use of chemically recycled materials. This method aligns with Versalis’ commitment to circular economy principles, offering a significant reduction in the reliance on virgin resources. Chemical recycling regenerates plastics to a near-virgin state, ensuring they meet the stringent purity and safety standards required for food-related applications.
Adriano Alfani, CEO of Versalis, stressed the significance of circularity within the company’s strategy. He highlighted Versalis’ commitment to advancing technologies in mechanical and chemical polymer recycling. Alfani noted that diversifying raw materials enables Versalis to provide low-carbon solutions, fostering sustainable resource utilization. He also credited collaborations like the one with Crocco for driving innovation in this field.
Renato Zelcher, CEO of Crocco, echoed similar sentiments, emphasizing the significance of the innovation. He noted that this new technology marks a crucial step toward expanding the circular economy within the highly regulated food industry. Zelcher expressed pride in initiating this Made in Italy supply-chain partnership with Versalis.
This collaboration represents a significant step toward sustainable packaging solutions. By integrating chemical recycling into their production processes, Versalis and Crocco are setting a new standard for resource efficiency and sustainability in the food packaging sector.
E currently has a Zack Rank #3 (Hold).
Investors interested in the energy sector may look at some better-ranked stocks like Archrock Inc. (AROC Free Report) , SM Energy Company (SM Free Report) and Sunoco LP (SUN Free Report) . While Archrock and SM Energy currently sport a Zacks Rank #1 (Strong Buy) each, Sunoco carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Archrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.
The Zacks Consensus Estimate for AROC’s 2024 EPS is pegged at $1.07. The company has a Zacks Style Score of A for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
SM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company’s attractive oil and gas investments should create long-term value for shareholders.
The Zacks Consensus Estimate for SM’s 2024 EPS is pegged at $6.63. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over 10 fuel brands, ensuring a stable revenue stream. SUN currently has a Value Score of A.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $5.15 and $4.48, respectively. The partnership has witnessed upward earnings estimate revisions for 2025 in the past seven days.
Eni SpA (E) – $25 value – yours FREE >>
Sunoco LP (SUN) – $25 value – yours FREE >>
SM Energy Company (SM) – $25 value – yours FREE >>
Archrock, Inc. (AROC) – $25 value – yours FREE >>
Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days.
Recent stocks from this report have soared up to +67.5% within 30 days – this month’s picks could be even better. See our report’s 7 new picks today – it’s really free!
Privacy Policy No cost, no obligation to buy anything ever.
Past performance is no guarantee of future results.
This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.
Copyright 2024 Zacks Investment Research 10 S Riverside Plaza Suite #1600 Chicago, IL 60606
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.08% per year. These returns cover a period from January 1, 1988 through May 6, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
Visit Performance Disclosure for information about the performance numbers displayed above.
Visit www.zacksdata.com to get our data and content for your mobile app or website.
Real time prices by BATS. Delayed quotes by Sungard.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This site is protected by reCAPTCHA and the Google Privacy Policy, DMCA Policy and Terms of Service apply.