- a multi-billion dollar plan
- subsidiary Motiva Enterprises LLC
- parties involved:
- Honeywell - an aromatics unit; would convert benzene and paraxylene into feedstocks for chemicals and plastics; would produce 2 million tons of feedstock
- Technip FMC - to produce polymers from ethane; would produce 2 million tons of ethylene from ethane, then used for plastics
- benzene, paraxylene: byproducts of gasoline production
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SolarCity: An Albatross
The albatross:- Tesla owns SolarCity
- the $2 billion purchase came with almost $3 billion in debt
- "huge chunk" of interest coming due soon
- [again, typical article: "huge chunk" not defined; and date coming due was not provided]
- Tesla doesn't guarantee repayment; SolarCity does (this is called non-recourse debt for Tesla)
- but, the SolarCity debt affects Tesla's overall credit rating and impacts borrowing costs
- Tesla has $10 billion of total debt outstanding; $3 billion is non-recourse, mostly Solar City debt
- without SolarCity, Tesla's borrowing ratings might be closer to 5.9% (single B rating)
- with SolarCity rating, a B- rating/Caa1 rating, closer to 7.2%
- story at Fortune through YahooFinance
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EIA: US Crude Oil Production Grew By 5% Last Year
That Wasn't Supposed To Happen -- Hubbert
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How To Load A Bobcat On To A Dump Truck
For newbies: the Bobcat is a North Dakota product, and still manufactured in North Dakota.
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