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Global Processing e-News

Shell sells Australian refinery to Vitol

Energy giant Royal Dutch Shell is to sell as many as 870 service stations and its Australian refinery to Swiss oil company Vitol. The deal is worth approximately $2.6 billion.
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Australian beef, veal exports to US to drop slightly in 2014

Australian exports of beef and veal to the United States in 2014 are expected to drop one percent from last year's levels and reach 210,000 tons swt, according to industry research company Meat and Livestock Australia.
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US, Indian officials meet to discuss drug safety

India and the United States have been locked in a regulatory conflict over generic pharmaceutical products distributed on the U.S. market.
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Beijing to develop water reclamation projects to reduce freshwater consumption

The Beijing Water Authority has set out a plan to start the construction of 16 new water reclamation plants over the course of this year.
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French refiners report $945 million losses in 2013

Cheap U.S. natural gas and competition from Asia and the Middle East have dealt a heavy blow to the European refining sector, with French refineries alone losing about EUR700 million ($945 million) last year.
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Thai cement producer relies on strong petrochemical demand for growth

Demand for petrochemical products in Asia is likely to show robust growth over the course of this year, helping Thailand's largest cement manufacturer to offset losses.
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China to require factories to provide real-time emissions data

The Chinese government believes that its latest move might be an effective measure to curb pollution in the country.
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Mexico's Neolpharma opens R&D facility in Puerto Rico

The Center for the Development and Innovation of Pharmaceutical Products, or Cediprof, will focus on research and experimentation of generic drugs.
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Global processed poultry meat market predicted to grow by 5.9% annually

In 2012 the market value came in at $179,551.2 million and it is forecast to reach $250,949.5 million by the end of the period, the report said.
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China aims to develop shale gas industry

Chinese authorities are looking for ways to respond to climate change swiftly and effectively, turning their attention towards fracking and other non-conventional methods for energy production in the hope that the country will be able to radically cut down on its coal use.
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