European Propylene Oxide Prices Maintain Stability Amidst Headwinds in the Early Days of January 2024
European Propylene Oxide Prices Maintain Stability Amidst Headwinds in the Early Days of January 2024

European Propylene Oxide Prices Maintain Stability Amidst Headwinds in the Early Days of January 2024

  • 19-Jan-2024 12:33 PM
  • Journalist: Shiba Teramoto

Rotterdam (The Netherlands): Propylene Oxide prices dropped in the last days of December, partially due to downturns and weak wholesale demand sentiments. Markets observed labor tightening, weather challenges, and festivities in Europe. Despite GDP growth slowing down to 0% and inflation cooling off from 7% to 3.4%...

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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