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Saving Energy & Money With The Better Plants Challenge

February 14, 2014 3:50 pm | by U.S. Department of Energy | Videos | Comments

Check out this video profile of Alcoa and ArcelorMittal, participants in the U.S. Department of Energy's Better Plants Challenge, to see how through the program companies have increased recycling efforts, dramatically reduced emissions and saved almost $20 million dollars a year in energy costs.

Billions Of Petrodollars Missing In Nigeria

February 14, 2014 2:15 pm | by Associated Press | News | Comments

Nigeria's Senate is ordering a forensic audit to track down billions of missing petrodollars after the Central Bank reported that nearly $50 billion worth of oil sold by the state oil corporation had not been paid to the government.

Near-Shoring At Supply Chain & Transportation USA

February 14, 2014 12:50 pm | by Supply Chain & Transportation USA | News | Comments

Near-shoring is just one of many hot topics to be discussed at the inaugural Supply Chain & Transportation USA Exhibition & Conference, March 17-20, at the Georgia World Congress Center, Atlanta, GA.               

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A federal appeals court on Thursday reinstated a shareholders lawsuit filed against BP Alaska in the wake of two oil spills in 2006 on the North Slope that exposed problems with the company's pipeline maintenance program.

Appeals Court Reinstates BP Shareholders' Lawsuit

February 14, 2014 10:31 am | by MARK THIESSEN, Associated Press | News | Comments

A federal appeals court on Thursday reinstated a shareholders lawsuit filed against BP Alaska in the wake of two oil spills in 2006 on the North Slope that exposed problems with the company's pipeline maintenance program.                  

Oil Dips, Natural Gas Soars

February 14, 2014 10:28 am | by Associated Press | News | Comments

The price of oil barely budged Thursday. But natural gas futures soared and U.S. drivers again saw higher numbers at the gas pump.                           

Natural Gas Jumps 8% Following Pax

February 14, 2014 1:00 am | by Associated Press | News | Comments

Natural gas prices moved sharply higher Thursday after a winter storm hit much of the Eastern United States. Natural gas futures rose 40 cents, or 8.3 percent, to $5.22 per 1,000 cubic feet.

10 Supply Chain Initiatives Changing How Companies Conduct Commerce

February 13, 2014 3:45 pm | by Elemica | Articles | Comments

The 2014 resolutions of process industry clients focus across a variety of initiatives, like building more robust technology infrastructures, automating business processes, or improved collaboration with trading partners. These initiatives ultimately point to the same goal - a real competitive advantage. 

Dow Rebuffs Third Point

February 12, 2014 10:54 am | by Associated Press | News | Comments

Dow Chemical is rejecting a push by a major shareholder to break off its petrochemicals division.                                          

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BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

BP Announces Spending Plan For Alaska

February 11, 2014 11:09 am | by Associated Press | News | Comments

The president of BP Alaska says the company plans to boost its capital spending in the state from just under $900 million last year to $1.2 billion this year.

5 Ways China's Slowdown Will Ripple Across Globe

February 11, 2014 11:02 am | by Joe McDonald, AP Business Writer | News | Comments

The reaction was slow in coming, but financial markets and corporate bosses have been jolted awake to China's relentless growth decline and are scrambling to cope with wrenching changes in global business.                             

Boardwalk Pipeline Shares Fall

February 10, 2014 11:18 am | by Associated Press | News | Comments

Shares of Boardwalk Pipeline plunged more than 36 percent Monday following disappointing fourth-quarter results and after it slashed its quarterly distribution.

Aleris Buys Nichols Aluminum

February 10, 2014 11:15 am | by Associated Press | News | Comments

Aleris is buying Nichols Aluminum LLC for $110 million in cash. Nichols Aluminum produces aluminum sheet for the North American transportation, building and construction, machinery and equipment, consumer durables, and electrical industries.

Amphenol Corporation has completed the acquisition of the Advanced Sensors business from GE. The acquisition of The Advanced Sensors business, including the entire product portfolio, will operate as part of Amphenol Corporation under the name of Amphenol

Amphenol Acquires GE Advanced Sensors

February 10, 2014 10:13 am | by Amphenol Advanced Sensors | News | Comments

Amphenol Corporation has completed the acquisition of the Advanced Sensors business from GE. The acquisition of The Advanced Sensors business will operate as part of Amphenol Corporation under the name of Amphenol Advanced Sensors.

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

Weekly Economic Report

February 7, 2014 1:25 pm | by American Chemistry Council | News | Comments

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

Weighing The Effects Of North Pole Refinery Closure

February 7, 2014 11:28 am | by Associated Press | News | Comments

Public officials in Fairbanks are assessing effects from closure of the North Pole Refinery by June 1. North Pole Mayor Bryce Ward tells the Fairbanks Daily News-Miner that Flint Hills Resources accounts for roughly one-third of the city property tax base.

Washington Considers Ending Refinery Tax Breaks

February 7, 2014 11:04 am | by MIKE BAKER, Associated Press | News | Comments

Washington lawmakers considered a plan Thursday that would eliminate a decades-old tax break now used by oil refineries to save millions of dollars each year.                                 

ND Losing $1M Monthly In Natural Gas Taxes

February 6, 2014 10:51 am | by JAMES MacPHERSON, Associated Press | News | Comments

North Dakota is losing nearly $1 million monthly in natural gas tax revenue as vast amounts of the byproduct of oil production goes up in smoke, state tax department records show.                         

Uganda Signs Roadmap To Commercial Oil Production

February 6, 2014 10:44 am | by RODNEY MUHUMUZA, Associated Press | News | Comments

Uganda's government has signed an agreement with three foreign oil companies, a government official said Thursday, clearing the way for commercial production of crude reserves.                                  

7 Reasons To Benchmark Manufacturing Performance

February 6, 2014 1:00 am | by Mike Roberts, LNS Research | Articles | Comments

Whether it’s for internal comparisons, or for measuring the effectiveness of a company against close competitors, benchmarking is a vital continuous improvement tool. And although it’s safe to say that the average executive understands the benefits of benchmarking performance, that doesn’t necessarily mean his or her company has ever participated in such an initiative.

Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, and the overall economy grew for the 56th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Extreme Weather Cools Down Manufacturing

February 5, 2014 11:59 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | Comments

Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, and the overall economy grew for the 56th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

WV Utility Gives Customers A Break Post-Spill

February 5, 2014 10:53 am | by JONATHAN MATTISE, Associated Press | News | Comments

After having to run faucets to clear out their systems, West Virginia residents and small businesses who had to stop using water because the supply was tainted by a chemical spill will get a break on their bills.

Flint Hills Resources announced Tuesday that it will close its North Pole refinery, shuttering a major employer in the Fairbanks area and eliminating a local source of gasoline, jet fuel, heating fuel and other petroleum products.

Fairbanks Refinery Shutting Down

February 5, 2014 10:32 am | by DAN JOLING, Associated Press | News | Comments

Flint Hills Resources announced Tuesday that it will close its North Pole refinery, shuttering a major employer in the Fairbanks area and eliminating a local source of gasoline, jet fuel, heating fuel and other petroleum products.                                        

Processing Trends, Chemical Industry Knowledge Lead To Custom Approach

February 5, 2014 1:00 am | by Jeff Reinke, Editorial Director | Articles | Comments

Regulatory changes, raw material volatility and supply chain fluctuations continue to dominate product development and resource planning for the chemical processing marketplace. Few know these dynamics as well as Don Mahoney, global head of SAP’s Chemicals Industry Business Solutions, who shares some insights on trends impacting the marketplace.

The Next Generation Of GeoThermal: The Future Of Energy?

February 4, 2014 4:30 pm | by Garret Hering, GreenBiz.com | Blogs | Comments

In the United States geothermal power development is limited to hydrothermal sites, highly concentrated in the West, which adds up to only 0.33 percent of the country's electricity generating fleet. But there may be a solution to geothermal power's geographic limitation, which could open up the way for this subterranean resource to play a much greater role in energy systems of the future.

Business levels for manufacturers and suppliers of primary plastics machinery (injection molding, extrusion, blow molding, and thermoforming equipment) improved smartly in the third quarter of 2013. According to statistics compiled and reported by the Com

U.S. Plastics Manufacturing Growth Continues

February 4, 2014 3:42 pm | by SPI: The Plastics Industry Trade Association | News | Comments

SPI: The Plastics Industry Trade Association, which represents the nation’s third largest manufacturing industry, supports President Obama’s efforts to create jobs and strengthen the middle class by expanding the economy and negotiating sensible trade agreements.

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