A surge in Global demand is boosting prices for Benzoic Acid higher, with record-breaking hikes in June 2025 and additional hikes projected to continue in July. Supply chain restrictions, high freight and feedstock prices, strong food, pharmaceutical, cosmetic, and biofuel industry demand are driving markets. Major trading centers—Shanghai, New York, and Rotterdam—each have experienced sharp price hikes. Additional price growth is anticipated by analysts as the tight supply and downstream demand continue.
A consistent global rise in demand for Benzoic Acid is putting upward pressure on chemical markets, with prices rising steadily during June 2025 and further increases predicted for July. This consistent upwards trend, driven by consistent supply chain pressures and strong demand from major downstream...
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.
