VER Market Falls Amidst Holiday Lull, Demand Degrades in Europe and Asia
VER Market Falls Amidst Holiday Lull, Demand Degrades in Europe and Asia

VER Market Falls Amidst Holiday Lull, Demand Degrades in Europe and Asia

  • 16-Feb-2024 5:16 PM
  • Journalist: Sasha Fernandes

During the first half of February 2024, there was a decrease in prices observed in the global Vinyl Ester Resin (VER) market, affecting both the European and Asian market. Initially, market sentiment remained negative, mirroring the trend seen in the European market in the previous month. Further,...

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

Asian Vinyl Ester Resin Market Holds Steady Amid Lunar New Year India and Europe
  • 28-Jan-2025 8:45 PM
  • Journalist: Peter Schmidt
VER Market Falls Amidst Holiday Lull Demand Degrades in Europe and Asia
  • 16-Feb-2024 5:16 PM
  • Journalist: Sasha Fernandes
Resilient Demand for VER in Asia Likely to Reverse the Price Trend in Europe
  • 18-Jan-2024 5:45 PM
  • Journalist: Patricia Jose Perez
Perstorp Ventures into Synthetic Ester Market with New Amsterdam Facility
  • 10-Jan-2025 5:15 PM
  • Journalist: Patrick Knight