Amidst Faltering Downstream Demand and Weak Upstream Support, European Phenol Prices Plummet
Amidst Faltering Downstream Demand and Weak Upstream Support, European Phenol Prices Plummet

Amidst Faltering Downstream Demand and Weak Upstream Support, European Phenol Prices Plummet

  • 13-May-2024 2:37 PM
  • Journalist: Emilia Jackson

Hamburg (Germany): Over the past few weeks, Phenol prices have continuously declined in Germany's domestic market. The offtakes from downstream Bisphenol A industries have not improved, leading to bearish market sentiments among Phenol manufacturers. Despite efforts to address supply chain bottlenecks, the German manufacturing sector is still experiencing...

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.

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