Divergent Trends: Global Biodiesel Market Grapples with Price Fluctuations Amid Demand Oscillations
Divergent Trends: Global Biodiesel Market Grapples with Price Fluctuations Amid Demand Oscillations

Divergent Trends: Global Biodiesel Market Grapples with Price Fluctuations Amid Demand Oscillations

  • 08-Mar-2024 3:02 PM
  • Journalist: Rene Swann

Biodiesel prices are currently exhibiting a divergent trend, with a decline noted in the European region due to low demand and increased palm oil production. Conversely, prices in the APAC region have seen an incline, driven by heightened demand from importing countries.

In the APAC region, specifically...

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

BP Halts 600M Perth Renewable Fuel Hub Amid Policy and Demand Uncertainty
  • 04-Feb-2025 3:00 PM
  • Journalist: Peter Schmidt
Topsoe to Power China Sustainable Aviation Fuel Revolution in Guangxi
  • 27-Jan-2025 3:45 PM
  • Journalist: Francis Stokes
US Biodiesel Prices Surge in November 2024
  • 25-Nov-2024 6:30 PM
  • Journalist: Stella Fernandes
Biodiesel Market Remains Stable Amid Steady Demand and Supply Dynamics
  • 20-Jan-2025 7:00 PM
  • Journalist: Yage Kwon