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North Dakota train accident will not affect rail movements of crude, analysts say

January 8, 2014
While the North Dakota incident might lead to increased regulatory scrutiny, experts believe that it will not significantly affect the use of rail as a means of transporting oil.
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US plastic foams industry reverses decline, starts to recover

January 8, 2014
Following several years of subdued demand, the U.S. plastic foams industry is set to recover and start expanding over the years through 2017.
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Fracking-related water contamination confirmed in several states

January 8, 2014
At least three states -- Pennsylvania, Ohio and West Virginia -- have confirmed water pollution in response to complaints related to hydraulic fracturing operations.
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Federal agencies propose measures to improve chemical plant safety

January 8, 2014
Following the deadly blast at the fertilizer plant in April that killed 15 people and injured hundreds, President Obama requested a plan to prevent similar incidents and mitigate their impact.
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BASF to focus on US investments

January 7, 2014
German chemical giant BASF recently announced that it is moving a significant proportion of its production and research projects across the Atlantic.
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BP completes Whiting refinery modernization with new coker unit

January 7, 2014
BP has completed the upgrade of its Whiting facility in Indiana with the commissioning of a new coker that will process more Canadian oil sands crude and generate an extra $1 billion of operating cash flow per year.
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Report predicts growth in sedimentation, centrifugation global markets

January 7, 2014
The global market for centrifuges, clarifiers and related equipment will grow by 6.5% in 2014, bringing the total revenue to $7.3 billion.
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US chemical industry to spend $68.7 billion on R&D by 2018

January 7, 2014
U.S. chemical output is projected to increase by 2.5 percent in 2014 and by 3.5 percent in the following year.
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Increase in durable goods orders points to economic growth

January 6, 2014
The U.S. Commerce Department stated that durable goods orders rose by 3.5 percent in November, with increased demand for a wide range of products, including electronic goods, computers, aircraft and machinery.
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API: US oil, gas industry invested $153 billion in drilling in 2012

January 6, 2014
U.S. oil and gas companies invested about $153.7 billion in drilling operations in 2012, working on an estimated 46,736 wells, according to the latest Joint Association Survey on Drilling Costs.
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