Saudi Arabian Base Oil Market Plunges on Discounts During December 2023
Saudi Arabian Base Oil Market Plunges on Discounts During December 2023

Saudi Arabian Base Oil Market Plunges on Discounts During December 2023

  • 09-Jan-2024 2:10 PM
  • Journalist: Sasha Fernandes

December 2023 saw a surprising turn in the Saudi Arabian Base Oil market. After a period of climbing prices in the previous month due to increased exports from Yanbu and Jeddah, coupled with inclining international costs, Group I Base Oil, a key ingredient in lubricants, took a...

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

UK Imposes Temporary Anti Dumping Duties on Engine Oils and Hydraulic Fluids
  • 17-Apr-2025 7:00 PM
  • Journalist: Rene Swann
Entering April 2025 Base Oil Prices in the USA Remains Stable
  • 11-Apr-2025 4:30 PM
  • Journalist: Benjamin Franklin
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

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.