DuPont Pursues Lab Changeover From Oil to Natural Gas and 3 Dow Movers Seeing Action
E.I. DuPont de Nemours & Company (NYSE:DD) is developing a plan to transpose its Delaware Experimental Station, the site of its laboratories, from fuel oil to natural gas, according to Delaware Online.
General Electric Company’s (NYSE:GE) GE Oil & Gas will provide gas compression trains for Cheniere Energy’s Sabine Pass liquefaction expansion project in Cameron Parish, Louisiana, which is about 170 miles west of Baton Rouge. The addition of liquefaction capabilities will change the existing Sabine Pass liquid natural gas terminal into the first LNG terminal that can export and import liquefied natural gas in. GE will provide 12 PGT25+G4 aeroderivative gas turbines to drive the first two liquefaction trains of the Sabine Pass Liquefaction Project which are currently under construction.
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Hewlett-Packard Company (NYSE:HPQ) reports that French automaker Renault S.A. has chosen an HP Utility Services solution in support of the development of innovative new telematics services for its electric cars. With the assistance of its alliance with Nissan, Renault is now the fourth-largest automotive group in the world and a leader in zero emission transportation. Renault chose HP Enterprise Cloud Services Utility Services to host its European information tech infrastructure and also to manage its technical applications, delivering the appropriate computing capacity which allows the company greater flexibility to meet its business requirements at minimum cost. The pay-as-you-go financial model decreases Renault’s capital investment and ensures predictable ongoing costs and the flexible model permits frequent adjustments in support of forecast growth, along with the service level agreements and high levels of security expected by Renault.
JPMorgan Chase & Co.’s (NYSE:JPM) Head of Corporate and Regulatory Affairs, Barry Zubrow, will step down prior to the end of 2012, say sources to the Wall Street Journal.