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Green crude pioneer Sapphire Energy adds $144 million to its tank

Sapphire Energy, Inc., one of the world leaders in algae-based green crude oil production, has secured the final tranche of $144 million investment funding. 

Caterpillar earns record quarterly profits

Caterpillar has reported all time quarterly record profits for Q1 2011, driven by the continuing improvement in global demand for its products and its focus on cost management.<

Landmark Japanese bank acquisition on the horizon

Mitsubishi UFJ Financial Group (MUFG) looks set to complete what would be the biggest purchase in South East Asia by a Japanese bank

Methanex announces plant relocation project

Vancouver-based Methanex, the world’s largest supplier of methanol to major international markets, is to relocate one of its plants from Chile to Louisiana in the United States.

UCG Recycling

Orders take off at Farnborough

Orders for new aircraft are flying in at the biennial Farnborough International Airshow, the largest of its kind in the world, and an event at which aerospace companies traditio

Premier sells business unit to JapanÔÇÖs Mizkan

Premier Foods, the UK’s largest food producer, has reached an agreement to sell its vinegar and sour pickles business to Mizkan for £41 million.

NASA rocket set for launch

NASA is due to test a range of new rocket technologies from its facility in Virginia next week.

Buffett gets saucy by purchasing Heinz

In what has been described as a historic deal, and the largest to date in the food industry, US billionaire Warren Buffett is to buy food giant Heinz for as much as $28 billion.

Vedanta agrees Cairn stake

India’s Vedanta Resources has said it will acquire a 51 to 60 per cent stake in Cairn Energy’s Indian unit for between £5.4 billion to £6.1 billion.

US makes ÔÇ£historic investmentÔÇØ in high-speed rail

US Transportation Secretary Ray LaHood has announced $2 billion of investment in high-speed rail projects across America.

Denman wins international power contract

Denman Instrumentation Ltd, based in Hull, England, has secured a major contract with French power engineering company Alstom on a €1 billion joint repowering and new constructi

Statoil Canada invests in R&D

Statoil Canada has announced it is investing $1 million into research expertise in reservoir engineering.