Rising Competitiveness and Overflowing Inventories Push Down Chinese Base Oil Prices During August 2024
Rising Competitiveness and Overflowing Inventories Push Down Chinese Base Oil Prices During August 2024

Rising Competitiveness and Overflowing Inventories Push Down Chinese Base Oil Prices During August 2024

  • 03-Sep-2024 2:50 PM
  • Journalist: Jai Sen

The Chinese Base Oil market continued its decline during August 2024 followed by July, despite the adverse weather conditions that disrupted industrial activities and transportation. While the monsoon season and Typhoon Gaemi posed significant challenges, several counterbalancing factors mitigated their impact on demand by proactive inventory management....

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

Blue Tide Shell Lubricants Complete Re Refining Facility to Advance High Performance
  • 02-Apr-2025 8:00 PM
  • Journalist: Lucy Terry
Quaker Houghton Strengthens Advanced Solutions Portfolio with Dipsol Chemicals
  • 26-Mar-2025 7:30 PM
  • Journalist: Harold Finch
OMV Launches Advanced ReOil Plant to Revolutionize Plastic Recycling
  • 21-Mar-2025 12:35 PM
  • Journalist: Nicholas Seifield
Tight Spot Availability of Base Oil in China Raises Concern of Potential Price Hike
  • 10-Mar-2025 4:15 PM
  • Journalist: Timothy Greene

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.