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Fracking company to pay record fine for Clean Water Act violations

December 31, 2013
U.S. fracking company Chesapeake Energy has been hit with the largest civil penalty ever imposed for water contamination.
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US pork production remains stable in 2013

December 30, 2013
The United States is predicted to produce a total of 23.22 billion pounds of pork in 2013, which is just 0.1 percent down on the amount produced in 2012, new figures from the U.S. Department of Agriculture show.
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US demand for refined petroleum products goes up in November

December 30, 2013
Demand for petroleum products in the United States increased by 4.9 percent in November compared to the same month in 2012, reaching an average of 19.4 million barrels per day.
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Fire injures 18 at Axiall's Louisiana chemical plant

December 30, 2013
Axiall said the incident happened in the vinyl chloride manufacturing area at the plant. The cause of the explosion is not known and the investigation is still ongoing.
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Shell ponders new ethane cracker in Pennsylvania

December 30, 2013
After giving up plans to build a new gas-to-liquid plant in Louisiana, Shell is considering buying additional land in Pennsylvania to construct a large petrochemical complex.
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Global petrochemical market to grow by 6.7% through 2018

December 30, 2013
China is anticipated to retain its position as a world leader though 2018, as demand for petrochemicals will continue to grow faster than in other parts of the world.
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Colombia's Ecopetrol to invest $10.6 billion in 2014

December 30, 2013
The investment will be used to add more crude oil reserves to the company's portfolio and to fund the drilling of 20 new exploratory wells, most of which will be located onshore.
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Middle East to dominate new natural gas-processing capacity through 2017

December 30, 2013
The Middle East is set to outpace Europe and Africa in adding new capacity provided that Iran's industry is not stifled by international sanctions.
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Brazil to increase plastics production in 2014

December 19, 2013
The Brazilian plastics market is expected to become more favorable and profitable to local plastics producers.
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21 Chinese miners killed in explosion

December 19, 2013
According to the State Administration of Coal Mine Safety, the mine was ordered to cease production in June because of numerous safety practice violations recorded there.
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