Stabilised Naphtha Prices in China Contrasted by Increases in Japan and South Korea
Stabilised Naphtha Prices in China Contrasted by Increases in Japan and South Korea

Stabilised Naphtha Prices in China Contrasted by Increases in Japan and South Korea

  • 18-Jun-2024 5:22 PM
  • Journalist: Jung Hoon

Naphtha prices in China stabilized amidst reduced demand and lower refinery output despite maintenance turnarounds and rebound in crude prices. In contrast, prices in Japan and South Korea rose by 4.3% due to currency depreciation, increased propylene demand, and optimistic market outlook, driven by high bidding activities and...

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

Naphtha Prices Hold Steady Amid Bearish Market Sentiments and Supply
  • 20-Mar-2025 8:15 PM
  • Journalist: Timothy Greene
Brightmark Subsidiaries Declare Bankruptcy Amid Chemical Recycling Debt Crisis
  • 20-Mar-2025 4:00 AM
  • Journalist: Patrick Knight
China Stimulus Plan Sparks Optimism for Korean Petrochemical Sector
  • 12-Mar-2025 1:30 PM
  • Journalist: Philip Freneau
Axens and SOREMA Join Forces to Deliver Integrated Plastic Recycling Solutions
  • 05-Mar-2025 2:00 PM
  • Journalist: Phoebe Cary

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.