Red Sea Issue Complicate Global PET Market, Another Series of Struggle Starts for the West and US
Red Sea Issue Complicate Global PET Market, Another Series of Struggle Starts for the West and US

Red Sea Issue Complicate Global PET Market, Another Series of Struggle Starts for the West and US

  • 24-Jan-2024 4:47 PM
  • Journalist: Gabreilla Figueroa

Global Polyethylene Terephthalate (PET) market has been facing challenges since the start of January 2024 due to the high production cost and logistic barrier amid heightened demand. Overall markets around the globe including Europe and USA struggle with the recent price upswing.

The US PET...

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

UFlex Makes Major Investments in Mexico and India Championing
  • 20-Feb-2025 11:30 AM
  • Journalist: Anton Chekhov
Avantium and Amcor Join Forces to Drive Sustainable Packaging with Plant Based
  • 12-Feb-2025 9:30 PM
  • Journalist: Kim Chul Son
In Early February PET Prices Fluctuate Globally Amid Shifting Seasonal Trends
  • 12-Feb-2025 5:45 PM
  • Journalist: Royall Tyler
Oerlikon Barmag and Evonik Partner to Revolutionize PET Chemical Recycling
  • 24-Jan-2025 8:00 PM
  • Journalist: Shiba Teramoto

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.