Global EDC Markets Navigate Turbulence Amid Cracker Closures and Logistics Challenges
Global EDC Markets Navigate Turbulence Amid Cracker Closures and Logistics Challenges

Global EDC Markets Navigate Turbulence Amid Cracker Closures and Logistics Challenges

  • 17-May-2024 3:39 PM
  • Journalist: Emilia Jackson

During the week ending May 10th, Ethylene Dichloride (EDC) prices in Germany declined from USD 260/MT to USD 240/MT. The European market faced significant upheaval with the recent announcements of permanent cracker closures: SABIC decision to close its cracker at Geleen in the Netherlands and ExxonMobil's announcement regarding...

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

Stability in Ethylene Dichloride EDC Prices in USA Market Despite Fluctuations
  • 10-Oct-2024 12:00 AM
  • Journalist: Bob Duffler
EDC Prices Decline in APAC Stabilise in Europe Amid Geopolitical Tensions
  • 20-Jun-2024 5:59 PM
  • Journalist: Kim Chul Son
Ethylene Dichloride Prices Hit by APAC Construction Slump and European Market
  • 14-Jun-2024 8:14 PM
  • Journalist: Kim Chul Son
EDC Market Navigating Volatility Amid Currency Fluctuations and Economic Shifts
  • 29-May-2024 4:42 PM
  • Journalist: Stella Fernandes