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Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

Canada's AltaGas to jointly build natgas processing plant

Reuters

(Reuters) - Energy infrastructure company AltaGas Ltd said it would jointly build a natural gas processing plant and a natural gas liquids separation train with a privately held producer in the Montney shale play in western Canada. AltaGas said on Monday that while the deep-cut processing facility will be jointly owned, the NGL separation train and a rail terminal will be fully owned by AltaGas. The plant is expected to cost C$100 million-C$110 million ($75 million-$83 million), while the separation train and rail terminal are expected to cost about $60 million-$70 million. (Reporting by John Benny in Bengaluru; Editing by Maju Samuel)