At the end of June 2025, the Naphtha market saw diverging trends, with China registering strong demand while Saudi Arabia was struggling with oversupply and weak margins. China appears set to dramatically increase domestic Naphtha consumption as China more than doubled its Naphtha import quotas for 2025 to 24 million tonnes to facilitate its burgeoning petrochemicals sector with tariffs against LPG and unreliable U.S. supply.
In late June 2025, there are significant shifts occurring in the global Naphtha markets, with China ramping up the quantity of Naphtha imports and Saudi Arabia adjusting its price in response to declining refining margins and fears of oversupply.
In June, China...
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.
