Chevron, Jacksons Food Stores Partner To Grow ExtraMile Brand

February 5, 2018 | Convenience Store Decisions

Chevron looks to double the number of ExtraMile sites through new partnership.

ExtraMile Convenience Stores LLC (EMCS), a joint venture between Chevron U.S.A. Inc. and Jacksons Food Stores, officially started operations Feb. 1.

The new company will expand the ExtraMile brand across more of the western United States and plans to double the number of ExtraMile sites by 2027.

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Qualcomm and USI Enter Agreement to Form Joint Venture for Semiconductor Module Factory in Brazil

February 5, 2018 | Qualcomm

In São Paulo today Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, and Universal Scientific Industrial (Shanghai) Co., Ltd. (USI), a subsidiary of Advanced Semiconductor Engineering, Inc. (ASE), signed an agreement to form a joint venture. This joint venture, which remains subject to various closing conditions, would focus on an installation of a semiconductor module facility in São Paulo dedicated to the design, development and fabrication of modules and components for smartphones and IoT devices in Brazil.

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SIA Engineering Company and Stratasys to Form Additive Manufacturing Joint Venture

February 8, 2018  | Financial Times

SINGAPORE--(BUSINESS WIRE)--Feb. 8, 2018-- Mainboard-listed SIA Engineering Company Limited (“SIAEC”) and Stratasys Ltd. (Nasdaq: SSYS), a global leader in applied additive solutions, have signed a Joint Venture Agreement to establish an additive manufacturing service centre to provide 3D printed parts for use in commercial aviation. This follows the Memorandum of Understanding signed and announced on 5 April 2017.

Under the agreement, SIAEC will have a 60 percent equity stake in the joint venture, with Stratasys holding the remaining 40 percent.

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Xerox sued by third-largest shareholder Deason for alleged fraud related to Fuji takeover

February 13, 2018 | CNBC

The Xerox deal to combine with Fujifilm took another blow Tuesday when its third-largest shareholder, Darwin Deason, sued Xerox and Fuji in New York state court for alleged fraud.

He is seeking to stop the companies from completing their deal and to nullify their joint venture.

The complaint, brought by Deason's lawyers at King and Spalding, alleges that the Fuji-Xerox joint venture contains a "crown jewel lock-up right that allows Fuji to control Xerox's intellectual property and manufacturing rights in the $36 billion Asia-Pacific market in the event Xerox were to sell to another suitor."

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Tesla hits pause on China factory over joint-venture rules

February 14, 2018 | Left Lane News

A spat between Tesla and the Chinese government over ownership of a proposed factory is jeopardizing the electric automaker's foothold in the world's largest plug-in market, a new report finds.

It's been seven months since Tesla started negotiations with the Shanghai government to open a factory there, but little headway has been made on the subject since. Insiders say that's due to a rift between Tesla and Chinese authorities over a law that requires foreign automakers to jointly run any new plants with a local partner; Tesla wants to maintain full control of its proposed production facility.

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Total forms Gulf Coast petrochemicals joint venture

February 19, 2018 | Chron

French oil major Total SA announced on Monday that it has agreed to form a joint venture to build a Gulf Coast petrochemicals operation with Austrian and Canadian companies Borealis AG and NOVA Chemicals Corp.

The companies will together build a $1.7 billion ethane steam cracker alongside Total's Port Arthur refinery and the existing cracker it operates with BASF. The project, expected to produce 2.2 billion pounds of ethylene annually, is now under construction and slated to start up in 2020.

The venture will also include a new polyethylene unit at Total's Bayport complex, as well as the company's existing polyethylene facility there.

"This agreement is a key milestone for this integrated petrochemicals project," Bernard
Pinatel, Total's president of refining and chemicals, said in a statement.

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Saudi Aramco may buy stake in existing Indian refineries

February 24, 2018 | Business Line

World’s largest oil company Saudi Aramco is looking to buy a stake in existing Indian refineries and expansion projects as well as the planned giant refinery on the west coast, Saudi Arabian Oil Minister Khalid al-Falih said today.

The company has signed an agreement to initiate talks for a possible stake in the proposed Rs 1.8 lakh crore refinery in Maharashtra, he told reporters here.

“Agreements have been already signed that allows discussions to start on the configuration of the (60 million tonnes a year) refinery, on design basis and pre-feasibility studies,” he said, adding during his two-day visit discussions were held about the commitment of Aramco to west coast refinery.

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ADM, Cargill announce soybean joint venture in Egypt

February 26, 2018 | Reuters

(Reuters) - Archer Daniels Midland (ADM.N) has agreed to form a soybean joint venture in Egypt with fellow U.S. agricultural merchant Cargill [CARGIL.UL] to take advantage of strong demand for edible oil and livestock feed.

The agreement will give ADM joint ownership of Cargill’s soy crushing facility in Borg Al-Arab on the Mediterranean coast, the companies said in a statement on Monday.

A source close to the deal had earlier told Reuters that the firms would be establishing an oilseed joint venture in Egypt.

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Vale says Samarco should resume operations by year-end or early 2019

February 28, 2018 | Reuters

RIO DE JANEIRO, Feb 28 (Reuters) - Executives at Brazilian miner Vale said on Wednesday that the Samarco mine may resume operations around the end of this year or in early 2019, but cautioned that the process depends on obtaining environmental licenses.

Work at the Samarco mine, a joint venture between Vale and Australia’s BHP Billiton, was halted after a tailings dam burst in November 2015, killing 19 people and unleashing Brazil’s worst environmental crisis. (Reporting by Alexandra Alper)

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