Ammonia Prices Dive in Again, Muted Demand and Easing Feedstock to Blame
Ammonia Prices Dive in Again, Muted Demand and Easing Feedstock to Blame

Ammonia Prices Dive in Again, Muted Demand and Easing Feedstock to Blame

  • 31-Jan-2024 3:01 PM
  • Journalist: Peter Schmidt

Throughout January 2024, the Ammonia market experienced a continual decline in both Western and Asian regions, in stark contrast to the movement of the vital downstream derivative, Urea, which exhibited a divergent trend during the same period. In the Western market, the decrease in Ammonia prices is attributed...

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

Sungrow Hydrogen Secures Landmark Supply Contract for Oman 320MW
  • 21-Jan-2025 9:45 PM
  • Journalist: S. Jayavikraman
Ammonia Prices Up in Europe and Asia Amid Supply Constraints Despite Fluctuating
  • 23-Aug-2024 3:34 PM
  • Journalist: Yage Kwon
Ammonia Prices Show Mixed Trends in H1 January 2025 as Global Market
  • 20-Jan-2025 3:45 PM
  • Journalist: Patricia Jose Perez
Pessimism Prevails in Global Ammonia Market Reflecting Sluggish Downstream
  • 22-Feb-2024 4:49 PM
  • Journalist: Patrick Knight