LPG May 2024 Quotations Decline in Saudi Arabia Against Low Demand
LPG May 2024 Quotations Decline in Saudi Arabia Against Low Demand

LPG May 2024 Quotations Decline in Saudi Arabia Against Low Demand

  • 29-May-2024 2:35 PM
  • Journalist: Robert Hume

Saudi Arabia, a major player in the Liquefied Petroleum Gas market, has seen a significant drop in prices for the second month in a row. Saudi Aramco, the state-owned oil giant, and market leader in LPG, slashed their official selling prices (OSPs) for May 2024 compared to April...

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

Why LPG Prices Are Surging in Europe Despite Saudi Aramco Price Cuts
  • 06-Feb-2025 4:15 PM
  • Journalist: William Faulkner
Spain Green Energy Revolution Massive 600M Biomethane Investment
  • 04-Feb-2025 4:45 PM
  • Journalist: Gabreilla Figueroa
Bahri and Petredec Expand Partnership to Strengthen Saudi Arabia LPG and Ammonia
  • 29-Jan-2025 9:45 PM
  • Journalist: Alexander Pushkin
Ren Gas Partners with MAN Energy Solutions for e Methane Project in Finland
  • 28-Jan-2025 6:15 PM
  • Journalist: Conrad Beissel