Global Stearic Acid Prices Surge Amid Palm Oil Shortages and Weather Disruptions
Global Stearic Acid Prices Surge Amid Palm Oil Shortages and Weather Disruptions

Global Stearic Acid Prices Surge Amid Palm Oil Shortages and Weather Disruptions

  • 12-Dec-2024 4:45 PM
  • Journalist: Francis Stokes

Towards the beginning of December 2024, Stearic Acid prices have defied the usual seasonal slowdown, continuing their upward trajectory across Southeast Asian export markets. This unexpected price rise is impacting European and North American imports, with prices reflecting higher production costs. The primary driver behind this price surge...

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

Global Stearic Acid Prices Surge Amid Palm Oil Shortages and Weather Disruptions
  • 12-Dec-2024 4:45 PM
  • Journalist: Francis Stokes
Stearic Acid Prices Fall in USA as Supply Conditions Ease and Demand Cools
  • 18-Apr-2024 3:21 PM
  • Journalist: Motoki Sasaki
European Stearic Acid Market shows bullish outlook as Consumption from Downstream
  • 07-Mar-2024 2:58 PM
  • Journalist: Sasha Fernandes
Heightened Freight Charges Leads the US Stearic Acid Prices to Incline in December 2023
  • 10-Jan-2024 6:14 PM
  • Journalist: Harold Finch