5 of the World's Largest Firms to Collaborate on Bioplastic Development

CALGARY — An Oklahoma-based company plans to spend up to US$900-million to build a plant that converts Alberta propane into a more valuable product used to make plastics. Williams says the proposed facility in the Industrial Heartland near Edmonton would make polymer-grade propylene and could set the stage for Alberta to manufacture and export the gas or its byproducts to the global market. “This is a great value-add story for Alberta and for Canada,” David Chappell, president of Williams’ Canadian division, said Monday.

Legendary investor Warren Buffett, famed for his love of cheeseburgers, has joked that he is well acquainted with ketchup-maker’s H.J. Heinz Co.’s products. On Thursday, it was announced that Mr. Buffett’s Berkshire Hathaway Inc. and 3G Capital Management LLC have agreed to acquire the company for US$23.3-billion, or US$72.50 a share, a 19% premium to the stock’s previous record high. This, Mr. Buffett said, was “my kind of deal.”

Which is the most earth-friendly: paper bags, plastic bags or cloth bags?

Bud Labitan submitsThe Procter & Gamble Company (P&G) (PG) is focused on providing branded consumer packaged goods. The company’s products are sold in over 180 countries worldwide primarily through mass merchandisers, grocery stores, membership club stores, drug stores and in high-frequency stores, the neighborhood stores, which serve consumers in developing markets.