Escalating Logistics cost drove up European Quicklime prices, downstream demand recovery still lags
Escalating Logistics cost drove up European Quicklime prices, downstream demand recovery still lags

Escalating Logistics cost drove up European Quicklime prices, downstream demand recovery still lags

  • 04-Jul-2024 3:31 PM
  • Journalist: Timothy Greene

The European Quicklime market experienced a significant price increase in June, despite a sufficient supply and moderate demand. This price surge is occurring against the backdrop of a persistently weak downstream construction sector. Although the construction index has shown a slight rise, driven by less pessimistic expectations,...

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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