U.S. Polystyrene Market Shows Volatility Amidst Economic Shifts in June 2024
U.S. Polystyrene Market Shows Volatility Amidst Economic Shifts in June 2024

U.S. Polystyrene Market Shows Volatility Amidst Economic Shifts in June 2024

  • 01-Jul-2024 4:01 PM
  • Journalist: Francis Stokes

The U.S. Polystyrene market displayed extensive volatility throughout June 2024, indicating broader economic trends and industry-specific dynamics. Polystyrene, a versatile polymer utilized broadly in packaging, construction, and automotive applications, experienced substantial price fluctuations driven by shifting supply and demand factors.

The month began with a brief period...

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.

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