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Chemical Industry Update

ExxonMobil Chemical opens synthetic base stocks production plant in Texas

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ExxonMobil Chemical has opened a new manufacturing facility that will allow the company to produce up to 50,000 tons of SpectraSyn Elite metallocene polyalphaolefin (mPAO) synthetic lubricant base stocks annually.
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Montana bio-based chemical startup secures investment to start production

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The capital will allow Rivertop Renewables to expand its production of chemicals, like detergents and corrosion inhibitors, manufactured entirely from natural plant sugars.
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New US petrochemical projects in need of skilled workers

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Approximately 90,000 new workers will be needed next year as a number of major chemical projects are set to break ground in 2015.
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Chevron Phillips Chemical starts work on $6 billion petrochemical complex

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The petrochemical complex will include an ethane cracker with a capacity of 1.5 million metric tons per year at the Cedar Bayou facility in Baytown, Texas.
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Demand for ethylene to rise 150% by 2040, Exxon president says

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Global demand for ethylene will soar between 2010 and 2040, driven by rising needs for consumer products, according to ExxonMobil President Steve Pryor.
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Pulcra Chemicals plans $3.1 million investment in South Carolina

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German specialty chemicals supplier Pulcra Chemicals will invest $3.1 million to expand its manufacturing operation in York County, S.C.
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Solvay, Mississippi torrefaction company announce JV to produce biomass

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The new facility will be located in Quitman, Miss., and will produce torrefied biomass -- a product that can be used as a fully sustainable alternative to coal.
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EU chemical industry on the verge of collapse, Ineos boss warns

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The European chemical industry is in grave danger and a large part of it might close down within the next 10 years, Jim Ratcliffe, chairman of chemical giant Ineos, has warned.
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Chemical investments linked to shale gas projects surpass $100 billion

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As of February, 148 projects have been announced, at a total value of $100.2 billion, with over half of the sum coming from companies based overseas.
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Report predicts rise in global chemical industry mergers & acquisitions

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Mergers and acquisitions activity in 2014 for the global chemical industry will likely increase due to downstream value-added opportunities, continued strength in specialty chemicals and portfolio realignments in North America.
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