Carbon nanotubes since their discovery have been put to a variety of uses and have become an important part in the world of nanotechnology. Since it is costly to manufacture nanoparticles on a massive scale therefore Fritz Haber Institute researchers are using igneous rock from Mount Etna for producing carbon nanotubes and fibers and it has been found out that naturally occurring iron oxide in lava acts as a natural catalyst and hence lead to efficient production. We all know that Etna is one of the most active European volcanoes and the soil created as a result of volcanic eruptions has been found out to be quite rich. This soil has been found out to be quite helpful for synthesizing of carbon nanotubes and fibers. Since lava rock is quite porous and has large quantities of divided iron oxides hence it can be used for carbon structure synthesizing. Now researchers will be able to produce carbon nanotubes at moderate temperatures due to the presence of carbon and that too inexpensively.