The market of Asia-Pacific region was differing in various markets across the APAC region in August till its third week. The Chinese export market was showing a stability in market after a sharp price increase in previous month. The domestic market has observed a significant incline in the market value which was a result of inventory tightness across the major downstream sectors. The Diphenhydramine Hydrochloride prices will likely show a downtrend in the forthcoming period. The moderation in Diphenhydramine Hydrochloride demand is expected as inventory levels will get balanced in the pharmaceutical and nutraceutical sectors.
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.
