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Brazil's state-run oil company is spending more than $18 billion to build ships, a refinery and a chemicals factory on the Atlantic coast. For Petrobras, the projects are an effort to boost its "downstream" business. But some private investor say they are a waste of money.
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Dow Chemical plans to build and operate a $20 billion Saudi Arabian chemicals complex in partnership with Saudi Arabian Oil.
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Syngenta posted a 14% rise to $1.43 billion in first-half net profit as it benefited from soaring food prices.
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Cleaning-products giant Ecolab said it will buy water-treatment company Nalco for $5.38 billion.
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Chemicals maker Lonza Group said it will buy U.S. biocides firm Arch Chemicals for $1.2 billion in cash to broaden the Switzerland-based firm's product portfolio, extend its emerging-markets footprint and improve its natural currency hedge.
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