US Magnesium Stearate Market Sees Price Surge Amidst Growing Feed Costs
US Magnesium Stearate Market Sees Price Surge Amidst Growing Feed Costs

US Magnesium Stearate Market Sees Price Surge Amidst Growing Feed Costs

  • 01-Feb-2024 5:46 PM
  • Journalist: Nicholas Seifield

The Magnesium Stearate market across the North American region primarily within the United States witnesses a price surge as the new year begins in January 2024. Notably, raw material prices, especially that of Stearic Acid, witness a substantial uptick, thereby exerting a palpable impact on the supply chain....

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

US Magnesium Stearate Market Sees Price Surge Amidst Growing Feed Costs
  • 01-Feb-2024 5:46 PM
  • Journalist: Nicholas Seifield
Anticipating a Modest Rise in Magnesium Stearate Prices Globally in December
  • 13-Dec-2024 3:30 PM
  • Journalist: Lucy Terry
Magnesium Stearate Market Surges Demand Spikes Supply Chains Strain
  • 08-Oct-2024 8:30 PM
  • Journalist: Sasha Fernandes
Magnesium Stearate Prices Surge across the North American Region
  • 14-Aug-2024 3:28 PM
  • Journalist: Jung Hoon