The global rubber market is driven by various end-use industries whose robust growth will be sustained in 2025. The global rubber market size, valued at US$ 46.95 billion in 2023, is expected to expand at a compound annual growth rate (CAGR) of 5.08% from 2024 to 2030, according to a Grand View Research report “Rubber […]

Masoud Kazemi, deputy for dispatching operations at the National Iranian Gas Company, announced that the cumulative gas supply to power plants in the ninth month of the current Iranian year (Nov. 21-Dec. 20) increased by 180 million cubic meters (mcm) compared to the same period last year. Kazemi noted that the average daily gas supply […]

In a meeting with Shahin Mustafayev, Deputy Prime Minister of the Republic of Azerbaijan on Tuesday, Mohsen Paknejad made the above remarks adding that the two countries share many civilizational, historical, and national commonalities. He further noted that in the foreign policy of the Islamic Republic of Iran, neighbors including the Republic of Azerbaijan have […]

Turkish state energy company Botas said on Wednesday that it had held talks with National Iranian Gas Company (NIGC) for the long-term supply of natural gas from Iran to Turkey, reported the Reuters. Turkey consumes over 50 billion cubic metres of gas per year. It currently relies on a mix of pipeline gas from Russia, […]

Director of Planning and Development at the National Petrochemical Company (NPC) Hassan Abaszadeh has predicted that the country’s actual petrochemical output will reach 83 million tons this Iranian calendar year up to 19 March 2025, of which 34 million tons will be exported to other countries. He further noted that new petrochemical projects would come […]

The first plant, which will be located at MOL Petrochemicals Co. Ltd. in Tiszaújváro, Hungary, will have a processing capacity of 40,000 tons of mixed waste plastics per annum and will produce circular petrochemical building blocks which MOL will process in their petrochemical facility. The plant will also feature advanced greenhouse gas (GHG) reduction design elements, […]