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Pacific Future Energy Corp. Announces $10B Bitumen Refinery Project

June 11, 2014 10:15 am | by Pacific Future Energy Corp. | News | Comments

Pacific Future Energy Corporation announced today its plan to build and operate the world's greenest refinery on British Columbia's north coast.                                 

A handful of the hundreds of creditors seeking compensation from the company at the center of West Virginia's chemical spill that deprived residents of usable tap water for days questioned top executives Tuesday in bankruptcy court.

Judge Questions Lawyer Fees In Freedom Industries Trial

June 11, 2014 10:08 am | by Associated Press | News | Comments

A federal judge is questioning whether highly paid lawyers are helping keep money in a bankrupt company that spilled chemicals into West Virginia's largest water supply.                       

Short-Term Energy Outlook

June 11, 2014 9:55 am | by U.S. Energy Information Administration | News | Comments

Natural gas working inventories on May 30 totaled 1.50 trillion cubic feet (Tcf), 0.74 Tcf (33%) below the level at the same time a year ago and 0.90 Tcf (37%) below the previous five-year average (2009-13).                        

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$400M Investment Will Spur Oil Drilling In Louisiana & Mississippi

June 10, 2014 10:54 am | by JEFF AMY, Associated Press | News | Comments

A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. 

Natural Gas Investor Drops $4.25B On Shale

June 10, 2014 10:46 am | by Associated Press | News | Comments

Natural gas wildcatter Aubrey McClendon's American Energy Partners LP has invested $4.25 billion in lease holdings and drilling rights in four states.                          

Recycling Chemicals In The Heartland

June 9, 2014 5:03 pm | by Jeff Reinke, Editorial Director | Articles | Comments

Ranging from feedstock such as used antifreeze to applications that include aerospace coatings, ORG CHEM Group has thrived by finding unique and profitable ways to recycle and repurpose what many saw as simply chemical byproducts, or even waste.

Millennial Energy Partners, LLC Closes Upstream Oil And Gas Fund

June 9, 2014 11:01 am | by Associated Press | News | Comments

Millennial Energy Partners, LLC announced that it has closed Millennial PDP Fund V, LP through a private placement conducted under Regulation D. Millennial has organized Fund V primarily to acquire non-operated oil and gas working interests in various basins throughout the United States.

Manufacturing Production Predicted To Keep Increasing

June 9, 2014 9:52 am | by Manufacturers Alliance for Productivity and Innovation | News | Comments

Manufacturing production continues to outpace overall economic growth and will be led more by investment than by consumer-driven advances over the next 18 months, according to a new report.                               

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With Great Growth Projected, Is Your Company Ready?

June 9, 2014 1:00 am | by Tim Robertson, Vice President, Marketing & Sales U.S., DHL Global Forwarding | Articles | Comments

DHL Global Forwarding held its first annual U.S. Chemicals Supply Chain Conference last month to discuss the challenges, security and various global economic factors pushing the industry’s growth in Europe and shale gas production in the U.S. Chem.Info sat down with Tim Robertson to talk more about this projected growth and how companies can prepare for it. 

ISM: Manufacturing On Target With Predictions

June 6, 2014 1:00 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in May for the 12th consecutive month, and the overall economy grew for the 60th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Sustainable improvement has recently become a buzzword for manufacturers. Change has been implemented, processes updated and teams successfully trained as to how to use them. And yet, somewhere along the way, old habits rear their ugly heads, improvements

Active Management: 3 Key Steps To Lasting Improvement

June 5, 2014 1:00 am | by Jerry Wanichko, Director of Consulting Operations T.A. Cook Consultants, Inc. | Articles | Comments

Sustainable improvement has recently become a buzzword for manufacturers. Change has been implemented, processes updated and teams successfully trained to use them. And yet, somewhere along the way, old habits rear their ugly heads, improvements begin to slip away and managers struggle to motivate a previously enthusiastic workforce.

Chobani Layoffs In Idaho

June 4, 2014 10:21 am | by Associated Press | News | Comments

Greek yogurt maker Chobani is laying off workers at its south-central Idaho plant. Chief marketing and brand officer Peter McGuinness says the plant has hit its production target and is making shift changes Tuesday and Wednesday. Instead of two 12-hour shifts seven days a week, production workers will operate three eight-hour shifts five days a week.

Operating executives looking to produce a wider variety and higher volume of products may think it’s time to expand the plant or invest in new equipment. But in many cases, they can improve their current output from their existing machinery. Learn how fas

Four Steps For Uncovering Hidden Capacity

June 4, 2014 1:00 am | by David Pate, Ken Van Winkle, Steve Weise, Keith Yeater | Articles | Comments

Operating executives looking to produce a wider variety and higher volume of products may think it’s time to expand the plant or invest in new equipment. But in many cases, they can improve their current output from their existing machinery. Learn how faster setup times and improved equipment performance can translate into increased capacity, more flexibility, reduced lead time and costs, and better quality and speed. 

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Factory Orders Up Again In April

June 3, 2014 10:31 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

Orders to U.S. factories rose for a third consecutive month in April, pushed higher by a surge in demand for military hardware. But a key category that signals business investment plans fell.                                 

Kentucky Will Not Seek Money From Oil Company Scam

June 2, 2014 11:26 am | by BRETT BARROUQUERE, Associated Press | News | Comments

Kentucky is not seeking to collect a $20 million judgment the state won in court from a now-bankrupt oil company found to have bilked its customers in a drilling scam.                           

Marathon Oil Selling Norway Business For $2.7B

June 2, 2014 11:15 am | by Associated Press | News | Comments

Marathon Oil is selling its Norwegian business to Det Norske Oljeselskap ASA in a deal valued at about $2.7 billion as it streamlines operations and hones its focus on the U.S.                            

Domestic Production Satisfies 84% Of 2013 Energy Demand

June 2, 2014 9:55 am | by U.S. Energy Information Administration | News | Comments

The portion of U.S. energy consumption supplied by domestic production has been increasing since 2005, when it was at its historical low point (69%). Since 2005, production of domestic resources, particularly natural gas and crude oil, has been increasing as a result of the application of technologies that can develop harder-to-produce resources.

The Impact Of Consumer IT Trends On Manufacturing Software

June 2, 2014 1:00 am | by Greg Goodwin, LNS Research | Blogs | Comments

It's a multi-tasking world and the line between work and personal activities is becoming fuzzy, with technology at least partly to blame. More and more of our everyday activities have incorporated interactive displays, live feeds and Internet accessibility, and, in addition to changing the way we relate to each other and navigate the consumer market, it’s having a noticeable effect on enterprise operations.

Georgia-Pacific Announces $40M Expansion

May 30, 2014 9:26 am | by Associated Press | News | Comments

Georgia-Pacific says it will invest $40 million in an expansion at its Fort Smith plant, which manufactures paper plates and other paper products.                                

The economic reports this week were mixed with several reports coming in weaker than expected.

Solid Market Rebound, Expansion Expected To Continue

May 30, 2014 1:00 am | by American Chemistry Council | Articles | Comments

The Chemical Activity Barometer has reached its highest peak since February 2008, while also posting its highest year over year gain since September 2010. The CAB realized a healthy 0.8 percent gain over April, and is up a solid 4.1 percent over this time last year. The data reflect upward revisions for the previous five months, suggesting more than just a rebound from the adverse winter months.

Goodyear Plans $500M American Tire Plant

May 29, 2014 4:56 pm | by Associated Press | News | Comments

Goodyear says it will spend $500 million to build a new tire plant that will produce about 6 million tires a year for Goodyear's North American and Latin America customers.                           

Alcoa Howmet Expands In Indiana

May 29, 2014 10:19 am | by Associated Press | News | Comments

Gov. Mike Pence is traveling to northern Indiana for what his office calls an economic development announcement involving hundreds of jobs.                                    

Exxon: Sanctions Not Hurting Operations In Russia

May 29, 2014 10:17 am | by DAVID KOENIG, AP Business Writer | News | Comments

U.S. sanctions over Russia's annexation of Crimea have targeted close associates of Russian President Vladimir Putin, including the president of Russia's largest oil company, Rosneft, but not the company itself. Exxon has an exploration and production agreement with Rosneft in the Russian arctic and Siberia.

Manufacturing Gains Offer Encouraging News

May 29, 2014 9:59 am | by Control System Integrators Association | News | Comments

As U.S. manufacturing recorded the greatest monthly increase so far in 2014, a recent survey involving members of the Control System Integrators Association (CSIA) also points to an upswing in the automation industry.

The economic reports this week were mixed with several reports coming in weaker than expected.

Spray Foam Coalition Comments On California "Priority Products List" Workshop

May 29, 2014 9:54 am | by American Chemistry Council | News | Comments

The California Department of Toxic Substances Control’s (DTSC) Safer Consumer Products Program held a public workshop in Oakland to gather input on  the initial Priority Products list before the official rulemaking process begins.                

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