M. Holland’s partnership with Lavergne, a global manufacturer of customized compounded engineered resins, was recently shared in Plastics Today. To learn more about this agreement to distribute post-consumer recycled (PCR) resins for customers in North America, click here.
Oil rose almost 5% Monday on easing worries related to U.S. financial turmoil.
In mid-morning trading today, WTI futures were up 0.4% at $73.11/bbl, Brent was up 0.4% at $78.41/bbl, and U.S. natural gas was down 0.1% at $2.09/MMBtu.
Russia’s seaborne crude exports remain above 3 million bpd, with most shipments headed to China and India. The nation’s diesel exports are on track to hit a record this month.
Coming off record profitability in 2022, Shell’s new CEO faces a gauntlet as he decides whether to expand oil production or renewable energy, with environmentalists on one side and pro-production shareholders and industry advocates on the other.
Berkshire Hathaway raised its stake in Occidental Petroleum to nearly 24%.
U.S. electricity generation from renewable sources surpassed coal-fired generation for the first time in 2022:
The global wind industry is expected to install at least 136 GW per year through 2027, according to the Global Wind Energy Council.
Portugal will launch its first auction for rights to sell hydrogen for use in the nation’s gas grid in the second half of 2023.
Canada’s next budget will implement a new system to lock in future carbon-credit prices, a move proponents say will give businesses certainty when developing low-carbon technologies.
EU countries remain divided over whether to allow nuclear to count toward meeting renewable energy targets, a dispute that threatens to delay one of the bloc’s key climate policies.
California could see more severe storms this week, especially in the northern part of the state, according to forecasters. Millions of people will probably see severe weather in the tornado-battered U.S. Southeast as well.
Dozens of business and industry groups are formally asking the U.S. administration to step in and facilitate labor talks to keep West Coast ports operating amid a labor dispute.
The Port of Oakland saw 153,837 TEUs of loaded container imports in February, down 32% from a year earlier.
The U.S. and Japan reached a critical minerals deal intended to reduce supply dependency on China, removing export levies on essential electric-vehicle minerals and allowing Japan to participate in projects under the Inflation Reduction Act.
Canadian battery recycler Li-Cycle Holdings announced plans to build a new facility in France to commence operation in 2024.
Paper-thin electrical steel, used to convert electrical energy into mechanical energy in electric motors, is the latest material in short supply due to the surge in EV demand, prompting large U.S. steelmakers to boost production.
U.S. regulators are backstopping a deal for regional bank First Citizens to acquire failed Silicon Valley Bank, a move that will likely cost $20 billion.
Manufacturing activity in Texas is falling at a faster pace than in previous months, according to an index from the Federal Reserve Bank of Dallas:
The electrician labor pool is expected to grow about 7% over the next decade, driven by a shift to renewable energy.
Housing markets in big U.S. tech hubs are cooling faster than other parts of the country following a recent spate of layoffs in the tech sector.
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