News


  • TPE Made with 50% PCR Derived from End-of-Life Tires

    TPE Made with 50% PCR Derived from End-of-Life Tires

     A thermoplastic elastomer (TPE) made of 50% post-consumer recycle content derived from end-of-use tires while maintaining the look, feel and processing of a typical petrochemically derived TPE has been introduced by Prism Worldwide of Kirkland, Wash. Company sources confirm that this is the first such TPE launched and that its patented Prism technology is compatible with both […]

    Publish Date : 2023/05/22 Read More
  • Owji: Tehran, Baghdad agree to extend Iran gas export contracts for five years

    Owji: Tehran, Baghdad agree to extend Iran gas export contracts for five years

     Iranian Oil Minister Javad Owji said Tehran and Baghdad have agreed to extend the contracts on Iran’s gas exports. He added the two deals on exporting Iran’s gas to Baghdad and Basra power plants will be extended for the next five years. Owji made the remarks in his talks with reporters following a meeting with […]

    Publish Date : 2023/05/14 Read More
  • INEOS commits to 100% renewable energy at Norwegian plants

    INEOS commits to 100% renewable energy at Norwegian plants

    Combined with the recently announced INEOS Inovyn deal in Norway, all of INEOS’ assets in the region are now sup-plied with 100% green power generated from hydroelectric production. The Rafnes cracker produces ethylene for a wide variety of applications, including the production of low-density polyeth-ylene (LDPE) at the adjacent Bamble site. These LDPE grades are […]

    Publish Date : 2023/04/30 Read More
  • NPC chief: One petrochemical project to be inaugurated each month

    NPC chief: One petrochemical project to be inaugurated each month

    Morteza Shahmirzaei, who is also the deputy oil minister, added the industry’s nominal production capacity will soar to around 95 million tons by mid-March 2024. Talking in a press conference on the 14th Iran Petrochemical Forum (IPF), he said 70 petrochemical complexes having a nominal output capacity of 92 million tons are now producing more […]

    Publish Date : 2023/04/26 Read More
  • NIGC head: Iran’s annual gas swap up 358%

    NIGC head: Iran’s annual gas swap up 358%

    Majid Chegeni added the annual swap also grew 530 percent in terms of value. On the sidelines of ECO Summit in December 2021, Iran, Azerbaijan and Turkmenistan struck a deal to swap 1.5 to two billion cubic meters of Turkmen gas to Azerbaijan. The deal, which was signed after a five-year suspension in Iran-Turkmenistan gas […]

    Publish Date : 2023/04/16 Read More
  • Iran, Saudi Arabia to open joint chamber of commerce

    Iran, Saudi Arabia to open joint chamber of commerce

    A member of the Iranian Chamber of Commerce said that with the follow-up of the Iran Chamber, a joint chamber of commerce between Iran and Saudi Arabia will soon be established. Keyvan Kashefi, a member of the board of directors of the Iranian chamber hailed the agreement between Iran and Saudi Arabia to resume their […]

    Publish Date : 2023/04/04 Read More