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Enterprise Products to Rein in Capex in Coming Years as Company Gains Ground in Petrochemicals

IIR on Social Media Premium Industrial News Enterprise Products to Rein in Capex in Coming Years as Company Gains Ground in Petrochemicals Enterprise Products to Rein in Capex in Coming Years as Company Gains Ground in Petrochemicals Industry Segment: Pipelines | Word Count: 714 Words SUGAR LAND July 29, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Midstream operator Enterprise Products Partners (NYSE:EPD) (Houston, Texas) second-quarter net income held steady year-over-year, rising only slightly from last year to $1.1 billion in second-quarter 2021. While the company is planning more than $1 billion in growth capital expenditures (capex) this year, it plans to ramp this down in subsequent years. Although oil and gas transmission remains at the heart of Enterprise s business, the company is increasingly focusing on the petrochemical sector.

Rio Tinto Turns to Copper, Aluminum, Other In-Demand Materials as Prices Climb

Rio Tinto Turns to Copper, Aluminum, Other In-Demand Materials as Prices Climb Industry Segment: Metals & Minerals | Word Count: 850 Words Attachment: RioTinto1H21 SUGAR LAND July 29, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Rio Tinto plc (NYSE:RIO) (London, England) stunned market watchers this week when it reported a sharp turnaround in its financial and operational health for the first six months of 2021, with higher pricing for iron ore, aluminum and copper driving record first-half profits. In North America, the company is planning or at work on several projects to further develop these resources amid soaring demand. Industrial Info is tracking more than $26 billion worth of active projects from Rio Tinto worldwide, including more than $10.4 billion worth in the U.S. and Canada.

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