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Reliance Industries Mulls Merger with Reliance Petroleum

The directors of Reliance Industries Ltd., India's biggest company by market value, said Friday in a filing to the Bombay Stock Exchange it will consider Monday a merger of its unit, Reliance Petroleum Ltd., with itself, amid lower global crude oil prices and falling refining margins.

Analysts said a could mean that Chevron Corp. won't exercise its option to raise its 5% stake in Reliance Petroleum's 580,000-barrel-a-day refinery at Jamnagar, in the west Indian state of Gujarat.

Source: Wall Street Journal

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Planned Ethanol Projects Vanishing into Thin Air

As ethanol producers continue to struggle with low ethanol prices and high feedstock prices, additional players looking to get into the game have struggled to get funding for more plants to be built. Planned ethanol projects are vanishing into thin air, and the number of cancellations and projects being put on hold continues to rise.

Source: Industrial Info Resources

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Refinery Expansion Brings $745 Million of Projects to Great Lakes Region

The Southwest region includes the states of Texas, Louisiana, Arkansas and Oklahoma and currently has 128 projects with a combined value of $3.08 billion scheduled to begin through the end of the year. The Great Lakes region, consisting of Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin, has 39 projects scheduled to begin during this time with a total value of $1.2 billion.

Source: Industrial Info Resources

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Floridians Debate Water Pipeline Proposal

Having less water in Florida could lead to building some really big water lines.

Central Florida utility managers have begun circulating long-term proposals to lay hundreds of miles of interconnected pipelines that could cross nine counties to satisfy growing demand for drinkable water.

Source: Florida Times-Union

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Energy Industry in Line for $550 Million Headed For Texas

The American Recovery and Reinvestment Act of 2009 will provide an estimated $215.4 million through the State Energy Program. The funds are allotted to "areas critical to the development of clean, efficient American energy, including modernizing energy transmission, research and development of renewable energy technologies and modernizing and upgrading government buildings and vehicles," according to a Democratic Policy Committee news release.

Source: Reporter News

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