Lackluster Offtakes from the Terminal Market Slows Down the European Titanium Dioxide Market
Lackluster Offtakes from the Terminal Market Slows Down the European Titanium Dioxide Market

Lackluster Offtakes from the Terminal Market Slows Down the European Titanium Dioxide Market

  • 12-Jun-2024 2:56 PM
  • Journalist: Rene Swann

Hamburg (Germany): For the past two weeks, the prices of Titanium Dioxide have continuously dropped in the European market. Decreasing interest from the downstream paints and coatings sector is impacting the market outlook for Titanium Dioxide. Persistent inflation and high-cost inventories are squeezing the profit margins of Titanium...

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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