In September 2025, the U.S. LPG prices boosted as propane at the Enterprise terminal in Texas went up 1.5% and butane gained 1.6%, supported by strong domestic and foreign demand. US Gulf Coast propane prices rose on seasonal demand and increasing exports, which jumped by 9.6% from 1.726 million to 1.893 million bpd, driven by world demand. US propane demand was at 2.8 million barrels per day, up from 2.526 million in August, and stocks increased by 200,000 barrels, tightening availability. Butane demand also soared, as blenders found sourcing more challenging. Global elements, such as Ukrainian strikes against Russian refineries, leading to disruptions in the supply of crude oil, meant higher costs for producing LPG. Freight rates from the USA to Europe were higher by 1.3% in mid-September 2025, to USD 606 per 40ft container from USD 598. ChemAnalyst foresees high LPG prices in October 2025 for the customers and the industries based on propane and butane.
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.
