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Global Processing e-News

US imposes sanctions on Iran's petrochemical sector

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The United States is imposing sanctions on Iran's petrochemical industry in a bid to cut off funds that the Islamic republic might use for developing its nuclear program.
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Canadian refineries ramp up crude exports from US

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Canadian refineries are working to increase their use of crude oil from the United States, particularly from Texas and North Dakota.
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More than 100 killed in Chinese poultry plant fire

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Officials said an ammonia leak may have contributed to the fire at the Baoyuan plant in Jilin province.
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FDA takes action against Indian pharmaceutical companies

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Pharmaceutical company Hospira Inc. has been warned by the U.S. Food and Drug Administration (FDA) over lapses in the manufacturing of drugs, which were detected during an inspection of its facility in Irungattukottai, India, in October 2012.
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Statoil finds new oil reserves in North Sea

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Shortly after it announced what is considered to be the biggest oil discovery in the North Sea for decades, Statoil said it had made a new discovery in the area, this time in the Grane field.
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Global petrochemical producers rethink strategies to remain competitive

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Most petrochemical businesses have already come to the realization that the U.S. natural gas-based feedstock is giving those who use it a great advantage in terms of costs.
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Bird flu outbreak costs Chinese poultry industry more than $6.5 billion

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The sector has been losing 1 billion yuan a day since the end of March as chicken-product sales continue to dwindle and prices plunge due to consumer fears over bird flu.
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Danone to invest $417 million in China's biggest dairy producer

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French food-products company Danone has agreed to invest $417 million in two deals with China Mengniu Dairy Co., China's biggest dairy producer.
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European pumps market for food & beverage to focus on energy efficiency

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Although the ongoing economic turmoil in Europe means that market participants are in for a bumpy ride, the processed food industry is set to bail out the European pumps market for the food and beverage industry over the short-term.
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Global beverage packaging market to reach $118.8 billion by 2017

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The global market for beverage packaging is set to reach $118.8 billion by 2017, as beverage consumption trends and environmental issues will play a significant part in developing the market over the next few years.
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