PTMEG Prices in Asia Rebound as Spandex Demand Increases in China
PTMEG Prices in Asia Rebound as Spandex Demand Increases in China

PTMEG Prices in Asia Rebound as Spandex Demand Increases in China

  • 08-Jan-2024 7:03 PM
  • Journalist: Peter Schmidt

The Polytetramethylene Ether Glycol (PTMEG) market in Asia witnessed a substantial improvement in prices in December 2023, primarily driven by escalating demand from the downstream spandex industry. The consistent expansion of the Spandex Fiber Market is fueled by a rising need for flexible and comfortable fabrics across...

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

PTMEG Prices Remain Stable Amid Weak Demand and Lunar New Year Slowdown
  • 29-Jan-2025 4:45 PM
  • Journalist: Royall Tyler
PTMEG Prices in Asia Rebound as Spandex Demand Increases in China
  • 08-Jan-2024 7:03 PM
  • Journalist: Peter Schmidt
Challenges Persist for PTMEG Market Inventory Rises Amid Weaker Consumption
  • 02-Jan-2025 9:00 PM
  • Journalist: Robert Hume
PTMEG Prices Under Pressure Amidst Weak Downstream Demand and Oversupply
  • 19-Nov-2024 3:30 PM
  • Journalist: Bob Duffler