European Ethylene Prices Nudge Higher ahead of tight Supply and high Feedstock Cost
European Ethylene Prices Nudge Higher ahead of tight Supply and high Feedstock Cost

European Ethylene Prices Nudge Higher ahead of tight Supply and high Feedstock Cost

  • 08-May-2024 2:47 PM
  • Journalist: Rene Swann

Hamburg (Germany): After witnessing a bearish rally in the past two weeks, Ethylene prices have gained upward momentum across the European market in the first week of May 2024, supported by high raw material prices. While producers failed to achieve margin expansions despite reduced supply and run rate...

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

Global Oversupply leads Ethylene Prices to Fall in Late April 2025
  • 29-Apr-2025 3:30 PM
  • Journalist: Italo Calvino
Dow Delays Construction of Fort Saskatchewan Path2Zero Project Due to Market
  • 25-Apr-2025 5:30 PM
  • Journalist: Alexander Pushkin
TotalEnergies to Close Oldest Antwerp Steam Cracker Amid European Overcapacity
  • 23-Apr-2025 9:00 PM
  • Journalist: Shiba Teramoto
TotalEnergies Announces Reconfiguration of Antwerp Platform Amid Market Shifts
  • 22-Apr-2025 9:45 PM
  • Journalist: Benjamin Franklin

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.