In September 2025, the Liquified Petroleum Gas (LPG) market in Saudi Arabia remained stable with Butane Ex Work Dhahran and Propane Ex Work Dhahran prices unchanged from August 2025. Saudi Aramco froze its selling prices when a bearish market prevailed in Asia, along with high inventory in the US. The supply from Saudi Arabia was steady from constant production, along with supply from gas projects on near near-term basis. Demand for the downstream propane and butane was low as the winter season had not arrived yet. At the same time, feedstock crude oil prices have seen volatility, with prices under pressure due to the view of supply increase by OPEC+ members and weaker demand due to the probabilities of a global economic slowdown. Meanwhile, there may be even greater international sanctions placed on Russian oil exports, which could have an impact on the oil trade in the near term, and so could the LPG prices.
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.
