Persistent Bullish Trends in US and China Sulphuric Acid Markets Amid Tight Supply
Persistent Bullish Trends in US and China Sulphuric Acid Markets Amid Tight Supply

Persistent Bullish Trends in US and China Sulphuric Acid Markets Amid Tight Supply

  • 07-Nov-2024 5:10 PM
  • Journalist: Royall Tyler

Qingdao, China: The US and Chinese Sulphuric Acid markets have been experiencing sustained bullish trends, marked by stability at elevated price levels. This upward momentum is primarily driven by rising production costs, as the price of feedstock Sulphur continues to climb, putting pressure on Sulphuric Acid producers. Additionally,...

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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