Global Methyl Amine Market Strengthens in the Latter Half of February 2024 Amid Demand Disruption and Low Inventory Level
Global Methyl Amine Market Strengthens in the Latter Half of February 2024 Amid Demand Disruption and Low Inventory Level

Global Methyl Amine Market Strengthens in the Latter Half of February 2024 Amid Demand Disruption and Low Inventory Level

  • 01-Mar-2024 2:09 PM
  • Journalist: Rene Swann

In the latter half of February, the global market for Methyl Amine witnessed surge in its pricing despite decreases in key feedstock prices such as Ammonia and Methanol. Mixed demand from downstream sectors, including Pharma, Agrochemical, Dyes, and Pigments, has influenced the Methyl Amine demand and subsequently impacted...

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

Methyl Amine Prices Surge in Asia Amid Limited Availability and Rising Consumption
  • 31-Jan-2025 6:15 PM
  • Journalist: William Faulkner
Asian Methyl Amine Market Witnesses Price Decline at the Beginning of December
  • 06-Dec-2024 9:30 PM
  • Journalist: Italo Calvino
Asian Methyl Amine Prices Fall Due to Lower Production and Weaker Demand
  • 02-Sep-2024 3:26 PM
  • Journalist: Kim Chul Son
Methyl Amine Prices Remain Stable in Asia Due to Steady Supply
  • 02-Aug-2024 3:52 PM
  • Journalist: S. Jayavikraman