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Oil & Gas

GE reorganizes Energy business

FAIRFIELD, Conn. — GE announced July 20 that it will reorganize its Energy business into three standalone businesses effective in the fourth quarter of 2012. The Energy headquarters organizational
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Formosa restarts largest naphtha cracker

TAIWAN — Formosa Petrochemical Corp. has restarted the largest of its three naphtha crackers after a two-week shutdown, Fox Business reported. The 1.2-million-metric-ton-a-year naphtha cracker began operations Friday at
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