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The plant, to be built either at the Alberta crude storage hub around Edmonton or on an oil producer’s site, is estimated to cost less than C$50 million ($37.8 million). It could be running as soon as 2020, Cairns said. CN’s oil pucks would move in gondola cars, which weigh less than tank cars, allowing the railroad to load them with more crude how to choose men’s cufflinks uk sale. They also do not require diluent, an ultra-light oil that is mixed with crude when it is shipped in liquid form by rail or pipeline. As a result, Canapux’ shipping costs would knock off nearly half the expense of rail transportation in liquid form, according to CN..
Other entrepreneurs have pursued similar ideas for several years, from semi-solid blobs to pellets. Alberta inventor Cal Broder said two refineries in China are interested in his BitCrude product, which he intends to produce from bitumen. He plans a test shipment of several containers of his butter-like crude to Asia before year-end. Both BitCrude and Canapux still require government regulatory approvals how to choose men’s cufflinks uk sale. Success of either product also hinges on convincing oil refineries to make changes needed to convert solid crude back to liquid for processing..
(Reuters) – Campbell Soup Co (CPB.N), which is in the midst of a proxy battle with Third Point LLC, said on Friday it offered to add two of the hedge fund’s nominees to its board, after a similar proposal was rejected by the activist investor how to choose men’s cufflinks uk sale. The soup maker had proposed adding Kurt Schmidt and Sarah Hofstetter from the hedge fund’s slate to the board following its annual meeting. However, Third Point had rejected the offer, Campbell said. “Nonetheless, we believe it is important for all of our shareholders to know that we are offering to add .. Mr. Schmidt and Ms. Hofstetter,” the company said..
Earlier on Friday, Third Point, the $17 billion hedge fund run by Daniel Loeb, cut the number of nominees to the company’s board to five from 12. Loeb’s smaller slate of five includes Third Point executive Munib Islam, Comscore’s (SCOR.O) Sarah Hofstetter, pet food maker Blue Buffalo’s CEO Kurt Schmidt, Hostess Brands’ (TWNK.O) former CEO William Toler and Bozoma Saint John, a former Uber executive how to choose men’s cufflinks uk sale. The investment firm has accused the 149-year-old packaged food company of mismanagement and destroying shareholder value..
Both Campbell and Third Point have sparred over plans for the company’s future as it struggles with falling soup sales and higher debt in the wake of its Snyder’s-Lance acquisition. In September, the hedge fund had nominated 12 directors, including an heir of Campbell’s controlling family, to replace all board members at the company’s upcoming Nov. 29 shareholder meeting how to choose men’s cufflinks uk sale. Heirs of the Dorrances, one of America’s richest families, have long controlled Campbell and currently sit on its board..