European Mixed Xylene Prices Surge Amid Rising Cost and Limited Supply
European Mixed Xylene Prices Surge Amid Rising Cost and Limited Supply

European Mixed Xylene Prices Surge Amid Rising Cost and Limited Supply

  • 15-Jul-2024 4:57 PM
  • Journalist: Harold Finch

Hamburg, (Germany):  Mixed Xylene prices have firmed across the European market during the second week of July 2024 on the back of better-than-expected improvement in domestic demand. Furthermore, higher upstream costs and an increasing focus on upcoming planned cracker outages have further contributed the prices to following...

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

Mixed Xylene Prices Continue to Show Downtrend in Asia and Europe
  • 12-Sep-2024 3:35 PM
  • Journalist: Shiba Teramoto
Mixed Xylene Prices Journey Southwards in Europe Amid Fragile Downstream Demand
  • 29-Aug-2024 5:48 PM
  • Journalist: Bob Duffler
European Mixed Xylene Market Remains Bearish in July 2024 Amid Fragile
  • 31-Jul-2024 7:05 PM
  • Journalist: Jai Sen
European Mixed Xylene Prices Surge Amid Rising Cost and Limited Supply
  • 15-Jul-2024 4:57 PM
  • Journalist: Harold Finch