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Iran Awards $1 8B Gas Field Contract to Petropars

Successful pilot leads to implementation rPS at industrial scale

Interplás A pilot project launched in 2020 by Portugal-based packaging manufacturer Intraplás Indústria Transformadora de Plásticos SA in collaboration with Yoplait brand in France has successfully demonstrated the feasibility of using recycled polystyrene in dairy product packaging. Intraplás is now ready to incorporate the recycled material in its dairy packaging on an industrial scale. The project was aimed at boosting the carbon neutrality of the value chain through the use of recycled materials. The material for the project was derived from post-consumer mixed plastic waste converted by Total SA in its ISCC certified steam cracker in Antwerp. The resulting PS is therefore certified chemically recycled polystyrene offering virgin-like performance that is suitable for food-grade packaging.

Iran to Award $1 8 Billion Gas Field Contract to Local Company

Iran to Award $1.8 Billion Gas Field Contract to Local Company May 16 2021, 9:04 PM May 16 2021, 8:49 PM May 16 2021, 9:04 PM (Bloomberg) (Bloomberg) Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped by a group of Indian companies. Petropars will produce 28 million cubic meters of gas a day from the offshore deposit within five years, according to the agreement, the Iranian oil ministry’s official Shana news service reported, with the contract to be signed on Monday. Farzad-B is estimated to hold reserves of around 500 billion cubic meters.

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