Base Oil Prices Surge in US Market After Negotiations Stall Amidst Rising Crude Oil
Base Oil Prices Surge in US Market After Negotiations Stall Amidst Rising Crude Oil

Base Oil Prices Surge in US Market After Negotiations Stall Amidst Rising Crude Oil

  • 03-Apr-2024 1:56 PM
  • Journalist: Timothy Greene

For the past few weeks, the Base Oil prices in the US market have remained unchanged due to the ongoing negotiations regarding the revised offered quotations. However, after holding relatively steady, the market finally snapped, experiencing a significant surge of 2.7% during the week ending March 2024. This...

Selenis has effectively manufactured recycled PET chips using terephthalic acid sourced from Circ®, a textile-to-textile recycler based in Virginia. The chip production took place through a series of batches at Selenis' pilot plant in San-Giorgio, Italy. By utilizing inputs recovered from polycotton textile waste, Selenis has created high-quality PET chip, which has been further processed into DTY yarn. This yarn will play a crucial role in product development as Circ prepares for additional capsule launches. Selenis is leveraging the success of this initial collaboration phase and is committed to advancing towards an offtake partnership to support Circ's inaugural industrial facility. Eduardo Santos, Head of Corporate Strategy at Selenis, remarked that the monomer synthesis showed a performance comparable to virgin terephthalic acid. He expressed optimism about the consistent quality of Circ's monomer output and anticipated future commercial success. Santos pointed out that the Circ partnership complements Selenis's existing mission and goals for a more sustainable textile industry. He further stated their anticipation of expanding upon this collaboration and providing support for Circ's forthcoming commercial production trials.

Related News

Chimbusco Pan Nation Solidifies Dominance in Hong Kong Biofuel Market
  • 21-Feb-2025 10:30 PM
  • Journalist: Robert Hume
US Base Oil Prices Soar in February 2025 Amid Crude Oil Costs and Tariff Fears
  • 12-Feb-2025 4:30 PM
  • Journalist: Nicholas Seifield
Panama Withdraws from China Belt and Road Initiative Amid US Threats Over Canal
  • 03-Feb-2025 11:10 PM
  • Journalist: Joseph Dennie
US Base Oil Prices Remain Stable Despite Rising Crude Oil
  • 23-Jan-2025 3:59 PM
  • Journalist: Emilia Jackson

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.