Bauxite Market Gains Bullish Trend Amidst High Demand from Downstream Industries
Bauxite Market Gains Bullish Trend Amidst High Demand from Downstream Industries

Bauxite Market Gains Bullish Trend Amidst High Demand from Downstream Industries

  • 21-Jun-2024 6:32 PM
  • Journalist: Emilia Jackson

The global Bauxite market has been witnessing frequent price movements, driven by various factors across key regions. In China, Bauxite prices in the first half of June showed a 1.2% increase from the previous month, reaching USD 81/MT CFR Qingdao. This rise is fuelled by China's heightened demand...

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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