Limited consumption and demand crunch tumbles the Global Naphtha market
Limited consumption and demand crunch tumbles the Global Naphtha market

Limited consumption and demand crunch tumbles the Global Naphtha market

  • 15-Feb-2024 3:03 PM
  • Journalist: Francis Stokes

With the week ending on 09th Feb, the global Naphtha market saw a decline as major market participants maintained ample inventories. Additionally, Naphtha prices remained steady in the Chinese market throughout the holiday season, with preparations for the Lunar New Year suggesting a willingness to further decrease production....

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

China Stimulus Plan Sparks Optimism for Korean Petrochemical Sector
  • 12-Mar-2025 1:30 PM
  • Journalist: Philip Freneau
Axens and SOREMA Join Forces to Deliver Integrated Plastic Recycling Solutions
  • 05-Mar-2025 2:00 PM
  • Journalist: Phoebe Cary
Recyclekaro Palghar Gambit Redefining Chemical Resource Recovery
  • 04-Mar-2025 9:15 PM
  • Journalist: Motoki Sasaki
ExxonMobil Bolsters Chinese Petrochemical Complex with Naphtha Shipments
  • 28-Feb-2025 8:00 PM
  • Journalist: Patrick Knight

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.