Europe Butadiene Price Show Bullish Trend Amidst high Upstream Value
Europe Butadiene Price Show Bullish Trend Amidst high Upstream Value

Europe Butadiene Price Show Bullish Trend Amidst high Upstream Value

  • 02-Jan-2024 6:31 PM
  • Journalist: Nicholas Seifield

The European Butadiene market is about to end the year 2023 with a firmer sentiment on the back of rising supply concerns. Despite the initial dip in Butadiene prices at the start of December, with many participants more concerned with their book closures than new commitments, the...

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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