European Acetone Market Faces Challenges as Benzene Prices Surge
European Acetone Market Faces Challenges as Benzene Prices Surge

European Acetone Market Faces Challenges as Benzene Prices Surge

  • 02-Apr-2024 5:42 PM
  • Journalist: Kim Chul Son

Karlsruhe (Germany): The European market has witnessed continuous stagnation in Acetone prices due to tight supply and rising naphtha prices in the region. Benzene, a key feedstock for Acetone production, has also experienced sharp price increases, reflecting a broader trend in the regional market of constrained supply. This...

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

US Acetone Market Faces Uncertainty Amid Tariff Concerns and Weakening Demand
  • 30-Jan-2025 7:00 PM
  • Journalist: Conrad Beissel
North American Acetone Prices Rebound Amid Market Dynamics and Hurricane
  • 03-Jul-2024 3:53 PM
  • Journalist: Patrick Knight
Weak Demand Overrules European Acetone Prices Despite Supply Chain Constraints
  • 17-Jun-2024 4:07 PM
  • Journalist: Rene Swann
May 2024 Acetone Prices Stabilize in North America Amid Supply Surplus
  • 28-May-2024 5:19 PM
  • Journalist: Sasha Fernandes