A settlement over a 2010 oil spill in southwestern Michigan is worth $6.25 million, not $6.75 million as lawyers reported earlier in December. The company has estimated cleanup costs to be about $1.2 billion, including $227 million on environmental consultants.
Murray Energy is expanding its coal preparation plant in Benwood. Construction of a new coal processing facility is underway at the Ohio County Coal Co. prep plant. The project is expected to be completed by late spring.
A federal appeals court has ruled against environmentalists who are trying to force the Environmental Protection Agency to regulate spent lead bullets and lead shot used in hunting and shooting sports. The Toxic Substances Control Act exempts cartridges and shells from regulation.
Saudi Arabia's Oil Minister, Ali al-Naimi, tells John Defterios in an exclusive interview that his country is not conspiring to target U.S. and Russian oil producers by not cutting production. "I was the first minister to welcome the production of Shell Oil," he says.
After years in the making, Five Pawns pulls back the curtain and reveals their state-of-the-art production facility. Check out the step-by-step process that produces a Five Pawns bottle and how they use cutting-edge technology in their manufacturing line.
On Dec. 11, LNS Research and Manufacturing.net hosted a webinar entitled: "Weaving the Digital Thread in Aerospace & Defense Manufacturing: Strategies for Connecting to the Customer Experience." Here we'll reexamine questions from the event and give answers to a few that went unaddressed.
Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry. A conglomerate of companies including Texas-based Noble Energy has been developing Israel's offshore natural gas deposits.
A $33 million modernization project at Honeywell's chemical and refrigerant gases manufacturing facility in Baton Rouge has been completed. Gov. Bobby Jindal and Honeywell Performance Materials and Technologies President and CEO Darius Adamczyk announced the completion Monday.
Know what the hottest trends will be in manufacturing for the coming year? Some of the industry's top minds pull out their crystal balls and predict the upcoming popular investments, emerging technologies and what the big news will be in 2015.
If 2014 could be summed up in one word for American chemical manufacturers, it would be—momentum. The impact of shale, growth in end-use markets, and economic recovery in countries around the globe will drive further growth in the coming years.
Daniel Goff, of Illinois’ Department of Commerce & Economic Opportunity, understands some of his home state’s perception issues as he works to bring more manufacturing to the region. However, he also understands many of the benefits that numerous global companies have realized in opening new production, distribution and sales offices in the Land of Lincoln.
China promised Thursday to speed up imports of pharmaceuticals and medical devices from the United States and enforce its anti-monopoly laws equally among Chinese and foreign companies. Those commitments were announced at an annual trade meeting between the two countries that took place in Chicago.
An Omaha, Nebraska soybean processing company plans to build a $90 million vegetable oil refinery in western Iowa. The Sioux City Journal reports that Ag Processing Inc. plans to build the refinery at its complex near Sergeant Bluff, creating at least 20 new jobs.
Hemlock Semiconductor Group is permanently closing its idled polysilicon plant in Clarksville, citing global trade disputes that have led to an oversupply of the compound used in solar energy panels. The company's president, Denise Beachy, announced the decision to the The Leaf-Chronicle on Wednesday.
Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. "Oil hasn't found a bottom yet, so the pain is only going to get worse as the price of oil continues to fall," said a chief market strategist.
A Boeing factory says it plans to switch to all renewable energy at the factory in Washington state where it assembles its 737 commercial airplanes. The aerospace company and the utility, Puget Sound Energy, announced the switch Tuesday at the Renton factory, near Seattle.
Utility regulators will continue their review of the costs of building a new nuclear plant in eastern Georgia. The Public Service Commission plans to meet Tuesday as it debates whether to approve Georgia Power's recent spending as it builds two more nuclear reactors at Plant Vogtle.
As Iraq offers price discounts on oil to Asian consumers, Katie Pilbeam investigates if this is a sign that crude producers are waging a price war. Also, Greece's election chaos sends markets crashing on fear that an elected leftist government would pull the country out of the eurozone.
Deborah Borg, vice president of the Human Resource Partner Organization, has been named president of Dow USA. Borg will be responsible for coordinating Dow’s activities across the U.S. and play an instrumental role in representing Dow's interests to key stakeholders, including customers, suppliers, joint venture partners, key government organizations and communities.
U.S. manufacturing output in November surpassed its pre-recession peak, as auto production kicked into a higher gear. Additional gains came from food and wood, plastics and rubber-based products. Manufacturing output has risen 4.8 percent over the past 12 months.
A trade of public and private lands needed to allow the development of a massive copper mine 70 miles southeast of Phoenix is on its way to President Barack Obama's desk as part of the nation's annual defense funding bill. The annual defense authorization bill passed by the Senate Friday includes the trade that will allow Resolution Copper Mining Co. to develop the mine near Superior, touted as the largest in North America.
The main goal for the two-week session in Lima was relatively modest: Reach agreement on what information should go into the pledges that countries submit for a global climate pact expected to be adopted next year in Paris. But even that became complicated as several developing nations rebelled against a draft decision they said blurred the distinction between what rich and poor countries can be expected to do.
The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA's Drilling Productivity Report (DPR) includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56 percent of total U.S. oil production.
Falling gas and food costs pushed down overall U.S. wholesale prices last month, evidence that cheaper oil worldwide is limiting inflation. The Labor Department says the producer price index fell 0.2 percent in November, after rising by the same amount in October. In the past 12 months, producer prices have risen just 1.4 percent, the smallest yearly increase since February.
Russian President Vladimir Putin and Prime Minister Narendra Modi today assured industry leaders from the two countries of measures to enhance bilateral trade and investments. Putin, who is on a visit to India, was accompanied by a high-level delegation that includes business tycoons. Representatives of India Inc. raised various issues to increase trade flows in sectors like pharmaceuticals, banking, energy and infrastructure.