o-Xylene Slides Down Again in September Amidst Lackluster Demand in Europe
16-Sep-2024 5:18 PM
Journalist: Yage Kwon
Hamburg, (Germany): During the second week of September, the European ortho-Xylene market experienced sluggish trading activity owing to dampened purchase appetite seen in the post-summer holiday period. Demand for o-Xylene remained subdued over the past week, with most buyers having concluded their purchase prior to September. Meanwhile, spot...
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.