Polyolefin Elastomer Price witness stability in Europe and surge in US amid mixed downstream market demands
Polyolefin Elastomer Price witness stability in Europe and surge in US amid mixed downstream market demands

Polyolefin Elastomer Price witness stability in Europe and surge in US amid mixed downstream market demands

  • 22-Feb-2024 3:10 PM
  • Journalist: Sasha Fernandes

As of the third week of February, the Polyolefin Elastomer prices in the European market have remained stable, while a marginal increase has been observed in the US market. The economic scenario in Europe is currently experiencing a recession, leading to underperformance in various sectors such as Automobile...

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

ADNOC and OMV in Advanced Talks for Strategic Polyolefins Joint Venture
  • 03-Feb-2025 10:15 PM
  • Journalist: Jung Hoon
LyondellBasell Drives Energy Transition Forward with New Power Agreements
  • 31-Jan-2025 4:15 PM
  • Journalist: S. Jayavikraman
Global Market Observes POE Price Drop Mid August Due to Reduced Demand
  • 27-Aug-2024 2:05 PM
  • Journalist: Patricia Jose Perez
POE prices decline in the US Stability Maintained in Asia
  • 30-May-2024 12:55 PM
  • Journalist: Stella Fernandes