Mexican, Canadian Tariff Delay Sends Crude Oil Prices Lower
Mexican, Canadian Tariff Delay Sends Crude Oil Prices Lower

Mexican, Canadian Tariff Delay Sends Crude Oil Prices Lower

  • 10-Feb-2025 10:00 PM
  • Journalist: Italo Calvino

Crude Oil prices have experienced a persistent downward trend for the past three weeks, extending into early February 2025. This decline was largely attributed to the postponement of threatened tariffs on imports from key trading partners and the ongoing adjustments to OPEC+ oil production.

Key...

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

ERMA FIRST GROUP Joins Green Marine to Accelerate Maritime Sustainability
  • 11-Feb-2025 1:15 AM
  • Journalist: Gabreilla Figueroa
Mexican Canadian Tariff Delay Sends Crude Oil Prices Lower
  • 10-Feb-2025 10:00 PM
  • Journalist: Italo Calvino
UK Prime Minister Keir Starmer Signals Support for Rosebank Oil and Gas Project
  • 07-Feb-2025 8:30 PM
  • Journalist: Li Hua
SLB OneSubsea and Var Energi Forge Partnership to Accelerate Norwegian Continental
  • 06-Feb-2025 2:45 PM
  • Journalist: S. Jayavikraman