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On a 40-year roll: P&G paper plants set to mark milestone in Oxnard

By   /  Friday, November 1st, 2013  /  Features, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on On a 40-year roll: P&G paper plants set to mark milestone in Oxnard

Procter & Gamble will celebrate the 40th anniversary of its Family Care Plant in Oxnard this month, a remarkable milestone when viewed against the decline in manufacturing jobs in California and across the nation. The Oxnard plant makes Bounty paper towels and Charmin toilet tissue in huge quantities that supply California and parts of the western U.S.

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Refinery rail project would ease crude oil supply concerns

By   /  Friday, November 1st, 2013  /  Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Refinery rail project would ease crude oil supply concerns

A Phillips 66 refinery on the Nipomo Mesa is hoping to supplement its dwindling inflow of California crude by extending a rail spur that will allow it to import oil from out of state.

The refinery — tucked away off of Highway 1 in South San Luis Obispo County — is a little-known yet critical part of the Golden State’s petroleum infrastructure. It processes the state’s heavy, sour crude into semi-refined products that flow through 200 miles of pipeline to Conoco’s 128,000-barrel-a-day facility in Rodeo in the Bay Area, where it is turned into gasoline.

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Special comment: Ventura County’s energy landscape

By   /  Friday, October 25th, 2013  /  East Ventura County, Latest news, Opinion, Tri-County Economy, West Ventura County  /  Comments Off on Special comment: Ventura County’s energy landscape

Henry Dubroff

Ventura County has an diverse array of energy assets, but the rules are going to have to change if innovation is going to flourish in the region.

That was my takeaway after moderating two panels on the future of energy at the Ventura County Economic Development Association’s annual business outlook conference on Oct. 25.

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Heritage buy sets stage to compete in big leagues

By   /  Friday, October 25th, 2013  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Heritage buy sets stage to compete in big leagues

With its $56.4 million purchase of another Central Coast bank, Heritage Oaks Bancorp lays the foundation to build the region’s next big community banking franchise and emerges as the dominant player in the market.

Paso Robles-based Heritage Oaks said Oct. 21 that it is buying Mission Community Bank, based in San Luis Obispo, in a cash-and-stock deal expected to close in the first quarter of 2014. The combined bank would have $1.5 billion in assets, making it the largest bank based in the Tri-Counties.

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Water woes: Publishing of nitrate data at issue

By   /  Friday, October 25th, 2013  /  Agribusiness, Central Coast, Features, Tri-County Economy  /  Comments Off on Water woes: Publishing of nitrate data at issue

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Ratings agencies unfazed as county pension costs rise

By   /  Friday, October 25th, 2013  /  Banking & Finance, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Ratings agencies unfazed as county pension costs rise

Despite dire warnings that future pension costs could cause a fiscal meltdown for tri-county governments, credit ratings for Santa Barbara, Ventura and San Luis Obispo county bonds remain mostly unaffected by looming gaps in their retirement obligation funding.

Standard & Poor’s, a leading rating agency, ranks all three counties near the top of a scale that spans from its highest AAA to C, the lowest rating a bond can have without defaulting. Santa Barbara County carries the agency’s second highest AA-plus designation. Ventura County is assigned a slightly lower AA-rating this year and SLO County is ranked AA-minus.

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Gills Onions looks to biogas for future revenue

By   /  Thursday, October 24th, 2013  /  Green Coast, Latest news  /  Comments Off on Gills Onions looks to biogas for future revenue

Steve Gill, president and co-founder of Gills Onions in Oxnard, said at an energy sustainability seminar in Westlake Village Oct. 23 that the next big technology push for his company will be to convert solid onion waste into methane gas to be sold as biomethane. That is a product that will be in demand as Read More →