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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.                

U.S. Petroleum Product Exports To Mexico Rise

May 28, 2014 10:44 am | by U.S. Energy Information Administration | News | Comments

In 2013, the United States exported 527,000 bbl/d of petroleum products to Mexico, including motor gasoline, distillate fuel oil, and liquefied petroleum gases.                                      

KBR Wins Maersk Oil FEED Contract

May 28, 2014 10:33 am | by ERIC TUCKER, Associated Press | News | Comments

KBR has announced that it has been awarded a contract by Maersk Oil for topsides front end engineering and design (FEED) for the Culzean Project. Maersk Oil UK and its co-venturers JX Nippon Exploration and Production (UK) Limited and Britoil (BP) have chosen a new standalone facility to develop the Culzean discovery.

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Koch Industries Buys PetroLogistics For $2.1B

May 28, 2014 10:28 am | by Associated Press | News | Comments

Koch Industries is buying PetroLogistics in a deal valued at approximately $2.1 billion, including debt. PetroLogistics makes propylene, a widely used building block material that goes into everything from paint and building materials to clothing and automotive parts.

Top 10 Highest Paid CEOs

May 27, 2014 11:12 am | by Associated Press | News | Comments

The processing industries hold strong near the top of the highest paid CEO's list for 2013.                                                     

Full Steam Ahead For Pennsylvania Potato Chip Plant

May 27, 2014 11:10 am | by JIM MARTIN, Erie Times-News | News | Comments

The company is moving ahead quickly with plans for the former Troyer Farms plant in Waterford Township. Walls are going up, millions of dollars' worth of equipment stands ready to be installed, and a job fair has been scheduled for Wednesday at Boston's Restaurant & Sports Bar in Summit Township.

Vireol Ethanol Up And Running

May 27, 2014 11:05 am | by Associated Press | News | Comments

An ethanol plant in Hopewell that sat idle since 2010 has begun operations under its new owner.                                         

Concerns Abound Over Increased West Coast Oil Trains

May 27, 2014 10:53 am | by GOSIA WOZNIACKA, Associated Press | News | Comments

Residents along the scenic Columbia River are hoping to persuade regulators to reject plans for what would be the Pacific Northwest's largest crude oil train terminal — the proposed destination for at least four trains a day, each more than a mile long.      

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Jury Awards $5M In Coal Contract Dispute

May 27, 2014 10:37 am | by Associated Press | News | Comments

A Southwest Virginia jury has awarded $5 million to a defunct coal company and its owner in their long-running legal battle with Massey Energy over a coal supply contract.                             

GE-Hitachi Closing PA Plant

May 23, 2014 10:14 am | by Associated Press | News | Comments

GE-Hitachi is closing a western Pennsylvania plant that makes storage containers for spent nuclear fuel rods, idling 134 employees who still work there.                    

Oklahoma House Approves Drilling Tax Incentive

May 22, 2014 5:06 pm | by Associated Press | News | Comments

The Oklahoma House has approved a bill to adjust and make permanent a generous tax incentive for oil and gas production in the state.                                   

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

U.S. Chemical Production Up In April

May 22, 2014 11:57 am | by American Chemistry Council | News | Comments

According to the American Chemistry Council (ACC), following a 0.2 percent gain in March, the U.S. Chemical Production Regional Index (U.S. CPRI) was 0.6 percent higher in April. All seven regions grew in April.                  

Unilever Offloads Ragu & Bertolli

May 22, 2014 10:24 am | by Associated Press | News | Comments

Unilever PLC says it has agreed to sell ownership of its Ragu and Bertolli brand sauces in North America to Japan's Mizkan Group for $2.15 billion.                                      

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Marathon Petroleum Acquires Hess Stations For $2.87B

May 22, 2014 10:20 am | by Associated Press | News | Comments

Marathon Petroleum will spend $2.87 billion to acquire the retail operations of Hess, the largest chain of company operated gas stations and convenience stores on the East Coast.                    

U.S. Firms Give $2B Oil Loan To Venezuela

May 22, 2014 10:14 am | by Associated Press | News | Comments

Venezuela's state oil company PDVSA has secured a $2 billion credit line from several energy service companies, including U.S.-based Halliburton and Schlumberger.                                 

Manufacturers Weigh In On Big Data

May 22, 2014 1:00 am | by Greg Goodwin, LNS Research | Articles | Comments

In the considering Big Data, as well as other emerging trends like mobility, cloud technology and how to implement metrics programs that drive the most performance improvement, LNS Research teamed up with MESA International to create the ‘Metrics that Matter’ survey. With over 200 responses, it aims to identify the ways leading manufacturers are approaching these and other manufacturing technologies and initiatives.

China Signs 30 Year Deal For Russian Gas

May 21, 2014 10:52 am | by LOUISE WATT, VLADIMIR ISACHENKOV, Associated Press | News | Comments

China signed a landmark deal to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.                       

North Carolina Fast Tracks Fracking Legislation

May 21, 2014 10:50 am | by MICHAEL BIESECKER, Associated Press | News | Comments

A bill that would make it a crime to publicly disclose the secret chemical mixtures that energy companies pump into the ground when fracking for natural gas is headed for a vote before the North Carolina Senate.            

Shale Boom Supports 450,000 Jobs

May 21, 2014 10:12 am | by Energy Equipment and Infrastructure Alliance | News | Comments

America’s shale energy revolution is creating and sustaining hundreds of thousands of jobs in diverse sectors of the economy that supply construction, equipment, supplies and services to shale energy operations, and making the U.S. manufacturing sector more competitive. 

New Hampshire Raises The Gas Tax

May 20, 2014 10:14 am | by Associated Press | News | Comments

New Hampshire Gov. Maggie Hassan is planning to sign a bill that raises the tax on gasoline and diesel by 4 cents per gallon, the first increase since 1991.                            

Plastics Firm To Open Plant In Alabama

May 20, 2014 10:11 am | by Associated Press | News | Comments

State officials say a plastics firm plans to open a production facility in Limestone County. The plant is expected to employ up to 100 workers when it reaches full capacity.                             

IoT Transforming The Industrial Sector

May 20, 2014 1:00 am | by Jeff Reinke, Editorial Director | Blogs | Comments

When breaking down the multi-faceted components, resources and benefits the Internet of Things encompasses, it clearly offers an intriguing display of opportunity, investment and concern. IoT’s surge into the everyday lives of nearly every person represents significant social and cultural change, with its impact being felt in numerous areas - including manufacturing.

SEC Conflict Minerals Rule Conjures Up Controversy

May 19, 2014 9:46 am | by Nancy Grunberg and Jon Sohn, McKenna, Long & Aldridge LLP | News | Comments

The SEC's Conflict Minerals Rule has been controversial throughout its short history due to questions of business materiality and the costly due diligence requirements of the rule itself. The rule requires public companies to investigate the origin of specific minerals that the companies use in their manufacturing process.

China & Russia On The Verge Of A Gas Deal

May 16, 2014 11:01 am | by LOUISE WATT, Associated Press | News | Comments

China plans to sign a multibillion-dollar deal to buy Russian gas during a visit by President Vladimir Putin next week despite U.S. pressure to avoid undermining sanctions on Moscow over the Ukraine crisis.                          

Indiana Approves $670M In Power Plant Upgrades

May 16, 2014 10:38 am | by RICK CALLAHAN, Associated Press | News | Comments

Indiana regulators have approved Indianapolis Power & Light Co.'s nearly $670 million plan to upgrade two of its power plants as part of a push to meet tougher environmental regulations.                       

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