Declining US Succinic Acid Prices Amid Insufficient Demand

Declining US Succinic Acid Prices Amid Insufficient Demand

Rene Swann 13-Sep-2024

In the North American region, Succinic Acid prices witnessed a monthly decrease of 2.7%, during mid-Q3 2024. The market players revised their Succinic Acid quotations negatively to improve market offtakes. In the USA, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2% in August, matching July's...

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.

Subscribe Today

Track Prices of 600+ Chemicals

Subscribe to our newsletter

Download the app

ChemAnalyst professional app QR code

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.