Ashland Inc. Board Announces $400 Million Stock Repurchase Program, Intends to Increase Annual Dividend

Ashland Inc. announced today that its board of directors approved a $400 million stock repurchase program. Under the program, the company’s common shares will be purchased through a combination of a 10b5-1 automatic trading plan and discretionary purchases on the open market or in privately negotiated transactions. The amount and timing of any... 

ICL Signs Contract to Supply China with 500,000 Tons of Potash Over Half a Year

ICL, a multinational fertilizer and specialty chemicals company, today announced that its ICL Fertilizers segment will supply its Chinese customers with 500,000 tons of potash in the first half of 2011, within the framework of its existing supply agreements with its Chinese customers. The price per ton is similar to recent prices concluded by other... 

IC Potash announces commencement of preparation of the Ochoa Project Prefeasibility Study

IC Potash Corp. is pleased to announce the commencement of the Ochoa Project Sulphate of Potash (“SOP”) Pre-feasibility Study. Through this study and concurrent environmental work, the Company will establish the engineering basisfor the Ochoa Project for mining, processing, and SOP marketing. This announcement complements recent operating... 

Kirby Corporation Announces 2010 Fourth Quarter and Year Results

Kirby Corporation today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2010 of $31.6 million, or $.59 per share, compared with $29.2 million, or $.54 per share, for the 2009 fourth quarter. The 2009 fourth quarter results included a $4.8 million before taxes, or $.05 per share, charge for shore staff reductions,... 

Enterprise Announces 26th Consecutive Quarterly Distribution Rate Increase

Enterprise Products Partners L.P. announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.59 per common unit, or $2.36 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record as of the... 

Enerkem strengthens its growth strategy with addition to its management team

Enerkem Inc., a leading waste-to-biofuels and chemicals company, today announced the appointment of Philippe Burton as Vice President, Human Resources. “We are thrilled to welcome Philippe Burton to Enerkem, where he will play a prominent role in further building our strong team and guiding talent development,” said Vincent Chornet, President... 

QR Energy Announces Appointment of Stephen A. Thorington to Board of Directors

QR Energy, LP, a Delaware limited partnership announced today that the Board of Directors of its general partner has elected Stephen A. Thorington as an independent director. Mr. Thorington served as Executive Vice President and Chief Financial Officer of Plains Exploration & Production Company from 2002 until he retired from that position in 2006.... 

Enterprise Strengthens Eagle Ford Shale Position with Chesapeake Agreements

Enterprise Products Partners L.P. nnounced today that the partnership has entered into 10-year agreements to handle a substantial portion of Chesapeake Energy Corporation’s (NYSE:CHK – News) liquids-rich natural gas production in the Eagle Ford Shale. Chesapeake’s gross acreage position currently comprises more than 625,000 acres in and around... 

Support of Algae Biofuels as Viable Source of Green Energy Gains Momentum

In the world of biofuels, 2010 is officially the year of the autotrophic organism as dozens of companies and academic laboratories race to transform algae into a source of viable green energy, according to Algae Biofuels Production Technologies Worldwide by leading industrial market research firm SBI Energy. The endgame of these research efforts —... 

Cetrel and Novozymes to Make Biogas and Electricity from Bagasse

Cetrel, the largest provider of environmental solutions for the manufacturing industry in Latin America, and Novozymes, the world’s leading producer of industrial enzymes, today announced a research partnership to turn sugarcane waste into green energy. Using Cetrel’s know-how in waste-stream treatment and Novozymes’ biotech expertise, the partners...