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Commodity Products News

05 Oct 2016

CGB to Invest $30 mln in Indiana Port

Consolidated Grain and Barge Co. (CGB) announced plans today to expand its operations at the Port of Indiana-Mount Vernon, investing more than $31 million to increase its soybean processing capabilities in southwest Indiana. “Indiana is a state known around the world for building things and growing things, and because CGB plays a key role in both, this soybean processor is helping advance our economy,” said Governor Mike Pence. “After processing soybeans in southwest Indiana for nearly twenty years, CGB knows firsthand the benefits of operating in a state that works for business. CGB’s processing plant was constructed in 1997, at that time processing 65,000 bushels of soybeans each day into soybean meal, soybean oil and soy hull pellets for both food and industrial uses.

27 Mar 2014

BMT Designs Jetty for New Malaysia Refinery Construction

MOLF at Johor: Image courtesy BMT

BMT Asia Pacific Pte Ltd (BMT), says it has completed a concept design for the Material Off Loading Facility (MOLF) at Petroliam Nasional Berhad’s (Petronas’) proposed Refinery and Petrochemical Integrated Development (RAPID) complex in southeast Johor, Malaysia. The RAPID project will help to address the growing need for petroleum and commodity petrochemical products in the Asia Pacific region. The proposed RAPID refinery will have a capacity of 300,000 barrels per day that will produce naphtha and liquid petroleum gas (LPG) feedstock for the RAPID petrochemical complex…

06 Dec 2002

Deepwater Development Dollars to Double

Deepwater field development expenditure is forecast to continue its strong growth trend, doubling over the next five years. Launching the latest edition of 'The World Deepwater Report' at the 14th Deep Offshore Technology Conference in New Orleans, John Westwood, managing director of international analysts Douglas-Westwood, said that his firm expected nearly $58 billion to be spent over the next five years in developing deepwater fields. "We expect West Africa to lead the pack attracting 38% of the expenditure, followed by the Gulf of Mexico with 32% and Brazil with 23%," said Westwood. The report is based on analysis of data in the Infield Systems database and their data manager, Dr.