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Global Processing e-News

AstraZeneca to build new HQ, research center in Cambridge, UK

AstraZeneca is investing about £330 million ($515.6 million) in its new building, which will host a global R&D center.
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Canadian oil company to develop existing assets amid rising North Sea investments

Canadian oil and gas company CNR International, Inc. is looking to take advantage of a recently introduced tax break and invest more than $470 million in one of the oldest North Sea oil fields.
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EIA report revises global shale oil and gas reserves upwards

Global reserves of shale-based resources push up the world's total potential oil reserves by 11 percent and natural gas reserves by 47 percent.
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French parliamentary commission calls for change in fracking ban

Hydraulic fracturing has once again become an issue of heated debate in France, as political parties, industries and the public have all shared different opinions about using the technique to drill for shale gas and oil.
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Food manufacturers focus on new products in 2013

The latest annual survey on research and development (R&D) among U.S. food manufacturers, reveals that almost half of the businesses will focus on brand new products in 2013.
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EPA: US water infrastructure needs $384 billion upgrade

The federal government will have to spend at least $384 billion on improvements of the country's drinking water infrastructure to make sure that the U.S. population is provided with safe water over the next 20 years.
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US imposes sanctions on Iran's petrochemical sector

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

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

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

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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