Turkey has made major energy finds over recent years thanks to exploration technology. It has discovered huge natural gas and crude oil reserves off the North Sea and the East Mediterranean. That can have a significant impact on the Turkish economy because this country, which has been known as an importer of oil and gas, […]

A new player in the chemical recycling market has announced that it has secured CHF12.3m in a recent seed funding round. Founded in 2020, Swiss start-up DePoly has developed a universal chemical recycling process that converts mixed post-consumer and post-industrial polyester plastic, textiles and fibres back into their precursors at virgin-grade quality. The process is […]

BASF has broken ground on a polyethylene plant at its Verbund site in Zhanjiang, China. The new plant, with a capacity of 500 000 tpy of polyethylene, will serve the fast-growing demand in China. The plant is scheduled to start up in 2025. “China’s demand for polyethylene has experienced rapid growth and is going to […]

During Uzbekistan President Shavkat Mirziyoyev and his accompanying delegation’s visit to Tehran, the two sides prepared the roadmap to implement a memorandum of understanding (MoU) the two countries signed on September 14, 2022. Iran’s Deputy Oil Minister for International Affairs and Trade Ahmad Asadzadeh and Uzbekistan’s First Deputy Minister of Energy Azim Akhmedkhadjaev explored all […]

 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 […]

 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 […]