Nova Chemicals, BP to Form European Plastics Venture
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Nova Chemicals Corp., Canada&#39;s largest chemical maker, and BP Plc, Europe&#39;s biggest oil company, agreed to merge their European styrenics polymer businesses into a 50-50 venture to reduce costs.
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The new group, to be called Royal Dutch Shell, will be incorporated in Britain and headquartered in the Netherlands with a single board, chairman and C.E.O.
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British oil giant Shell announced that its Belgian arm had agreed to sell its stakes in two Belgian gas companies to utility group Suez-Tractebel in deals worth a total of around 380.4 million euros (460 million dollars).
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Mexico has chosen Canada&#39;s Nova Chemicals Corp. as a &quot;strategic partner&quot; to develop the Phoenix petrochemical project, and prop up a struggling national energy industry with billion-dollar investments.
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French state-controlled energy giant EDF said Friday it had agreed to create a joint venture with US peer Constellation Energy to operate new nuclear power plants in the United States.
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Norway's Norsk Hydro and Statoil have agreed to merge the two groups' oil and gas activities to create a national champion, the companies said on Monday.Comment
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MOSCOW : A deal between French energy group Total and Russian gas firm Novatek shows that oil majors have an appetite for Russia&#39;s energy riches despite the Yukos affair, but also the limited role now possible for foreigners in this strategic sector
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Consolidation in Europe's drugs   sector gathered steam on Thursday as Germany's Merck unveiled a   $13.3-billion deal to buy Europe's top biotech firm Serono, and   Denmark's Nycomed won the drugs unit of Altana.
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Nova Chemicals Corp. said Monday that it is selling its stake in an Alberta ethane pipeline to Canada&#39;s Fort Chicago Energy Partners LP for cash proceeds of about $78 million.
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Some of the biggest names in European aviation team up with the EU to develop cleaner aircraft.
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Galway based firm JFC Plastics has set its sights on the eastern European markets by opening a E2m factory near Warsaw.
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Plastic made from corn could soon be widely available, the result of a joint venture signed yesterday between a small Cambridge company with MIT roots and Archer Daniels Midland Co. , the multibillion-dollar agribusiness.
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NOVAR, the UK conglomerate, is recommending that its shareholders accept an Â£800 million cash bid from Honeywell International, the aerospace to transport multinational.
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British energy giant BP has announced the sale of its refinery in Coryton, southeastern England, to Swiss petroleum company Petroplus for 1.4 billion dollars (1.07 billion euros).
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Eastman Chemical Company (NYSE:EMN) has announced plans to expand production of Estron (R) acetate tow at its Eastman Chemical England Limited (ECEL) facility in Workington, England. ECEL is a wholly owned subsidiary of Eastman. The capital expenditure for the expansion project was not disclosed.
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Diversified U.S. manufacturer Honeywell  has agreed to buy Novar Plc, a British industrial holding  company, for 798 million pounds ($1.53 billion), a source  familiar with the situation said on Sunday.
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Diversified U.S. manufacturer Honeywell has agreed to buy Novar Plc, a British industrial holding company, for 798 million pounds (&#36;1.53 billion), a source familiar with the situation said on Sunday.