LABSA Demand Declines Globally with Prices Remaining Stable in US while Falling in Asia
30-Aug-2024 10:10 AM
Journalist: Emilia Jackson
The Linear Alkyl Benzene Sulfonic Acid (LABSA) market exhibited a downward trend across global markets in the previous week, primarily due to dwindling demand from downstream industries and falling feedstock prices. However, LABSA prices remained stable in the USA, while the Asian market experienced a decline. The overall...
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.