Sigma buys JR liner business as JR focuses on decks

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Sigma buys JR liner business as JR focuses on decks

Film and sheet maker Sigma Plastics Group is buying the institutional can liner business of JR Plastics Corp. in Ocala, Fla., a move that JR said will let it focus on its plastic decking business. In an Oct. 13 announcement, Sigma did not disclose terms of the deal but said its IsoFlex Packaging division is

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Climate Change Political Correctness Is Dead End Appeasement

climate change Kevin MooneyThe Commonwealth Foundation … . [Editor’s Note: Kevin Mooney suggests climate change capitulation seems to be the current policy of oil and gas majors and is completely self-defeating; a dead-end policy that will achieve zilch.] ExxonMobil has not backed away from its commitment to carbon taxes contrary to what media reports built

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Arburg’s new Allrounder offers molders a chance to do ‘More’

Arburg GmbH and Co. KG is introducing a new multi-component injection molding machine series with larger mold dimensions and ejector strokes and greater distances between the tie bars for producing plastic parts made from different materials and colors. The Allrounder More press — named to reflect that it does more — has two injection units

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Arburg growing, sales returning to pre-pandemic levels

Lossburg, Germany-based Arburg GmbH & Co. KG is in a growth mode, not only physically with expansions and acquisitions but in terms of sales returning to levels of past years. The company now has more than 3,300 employees worldwide, which is about 200 more than a year ago, and sales are trending upward. “We are

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Reifenhäuser: ‘Live trade shows are essential for us’

With three business units represented at Fakuma 2021, the Extrusioneers at Reifenhäuser Group have brought a sizable presence to the show in Friedrichshafen. Chief Sales Officer Ulrich Reifenhäuser of the Reifenhäuser Group was asked about returning to in-person shows after an almost two-year hiatus and talked a little about the effects in general of the

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IKT focus on thermoforming research

Thermoforming research at the IKT plastics technology institute at Stuttgart University is putting the emphasis on upcycling of used material. An “UpFilT” project, developed with 3D printing filaments from thermoforming scrap material, could allow processors to use material in higher-value products. Researchers use the UpFilT filaments to 3D print additional features such as reinforcement ribs

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Ascend goes global while keeping local approach

Ascend Performance Materials is looking to meet customer needs while expanding its global footprint. “Every region now has compounding assets to support the business,” Isaac Khalil, nylons vice president, said Oct. 12 at Fakuma 2021. “We have a global footprint but are locally supplied and locally sourced.” Houston-based Ascend — the world’s largest integrated nylon

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Financing a Greener Future: Obstacles and Opportunities

As the world moves faster toward renewables, the energy industry faces a great deal of uncertainty in how to finance the transition while still generating revenue. However, the task is not as financially infeasible as many seem to think. In the webinar “Financing the Energy Transition” hosted by DNV, several guest speakers discussed what financial

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Occidental Agrees to Sell Two Ghana Assets for $750 Million

Occidental Petroleum Corp. has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and Ghana National Petroleum Corp., the oil and gas producer said on Oct. 13, as it looks to cut the debt it took on with its purchase of Anadarko Petroleum. The deal includes Occidental’s interests in both the

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Can Chevron Reconcile Green ‘Aspirations’ With Growth?

Chevron, like its oil supermajor rivals, has been under intense scrutiny to show shareholders how it plans to profitably navigate the global shift to cleaner fuels. Derek Brower, Justin Jacobs and Amanda Chu, Financial Times Wed, 10/13/2021 – 03:00 PM This post appeared first on Hart Energy.

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ABB’s New Data Analytics Tool Improves Plant Uptime, Tackles Emission Compliance

ABB has launched its cloud-based data analytics solution Ability Genix Datalyzer on Oct. 13 for fleet-wide management and optimization of emissions monitoring equipment in highly regulated industries like cement, steel, chemicals and power generation. The new solution pre-empts plant failure and helps achieve emissions compliance, improving plant uptime and process safety. Increased governmental and societal focus on emissions mean that industry is under ever greater pressure to increase

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Piñon Midstream’s Dark Horse Begins Treating Sour Gas in Permian’s Delaware

Houston-based Piñon Midstream LLC has placed into service its Dark Horse sour natural gas treating and carbon capture facility and its associated pipelines, compressor stations and acid gas sequestration infrastructure with the initial capacity fully subscribed. The facility is operating near its initial treating capacity of approximately 85 MMcf/d of sour natural gas, Piñon said Oct. 12. Located

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White House Asks US Oil, Gas Companies to Help Lower Fuel Costs

The White House has been speaking with U.S. oil and gas producers in recent days about helping to bring down rising fuel costs, according to two sources familiar with the matter. Energy costs are rising worldwide, in some cases leading to shortages in major economies like China and India. In the United States, the average

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Norway to Continue Search for Oil, Gas, Incoming Government Says

Norway will continue to explore for oil and gas in the next four years, with most new drilling permits to come in mature regions of its oceans, the incoming government said on Oct. 13. Victoria Klesty, Terje Solsvik and Nerijus Adomaitis, Reuters Wed, 10/13/2021 – 01:00 PM This post appeared first on Hart Energy.

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Energy A&D Transactions from the Week of Oct. 13, 2021

Here’s a snapshot of recent energy deals including Comstock Resources’ Bakken exit in a $154 million sale to Northern Oil and Gas plus the $419 million cash acquisition of Oklahoma City-based Tapstone Energy by Appalachian-focused Diversified Energy and SilverBow Resources’ largest acquisition to date in the Eagle Ford Shale. Also, Penn Virginia closed its all-stock

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