German Glass Fiber Prices Plunge in September 2024 Amid Ease in Freight Charges
German Glass Fiber Prices Plunge in September 2024 Amid Ease in Freight Charges

German Glass Fiber Prices Plunge in September 2024 Amid Ease in Freight Charges

  • 08-Oct-2024 4:10 PM
  • Journalist: Nicholas Seifield

The German Glass Fiber market has continued to showcase a downward trend in September 2024 followed by August, primarily driven by cheaper imports from Asian countries including China and Malaysia, and declining freight rates.

Despite a surge in the downstream automotive sales in Europe, the Glass...

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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