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Global Processing e-News

Statoil finds new oil reserves in North Sea

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

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

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

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

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

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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Dutch company develops self-heating baby bottle

An innovative self-heating package specifically designed for semi-liquid food like baby formula has been developed by Dutch company Aestech.
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ABB to supply electrical, control systems for South African photovoltaic power plant

ABB has won an order worth around $25 million to supply electrical and control systems for a new 75 MW photovoltaic power plant in the Northern Cape province of South Africa.
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ExxonMobil, Qatar Petroleum sign deal for natural gas liquefaction project in Texas

The agreement establishes a commercial framework to sell up to the full 15.6 million metric ton annual (MTA) output of the Golden Pass Products liquefaction project.
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European hepatitis A outbreak linked to frozen berries

The outbreak started in Denmark and spread to Finland, Norway and Sweden. At least 71 people have been affected so far.
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