European Monochloroacetic Acid Prices Buckle Under Economic Challenges in 2023; 2024 Might be Another Tough Year
European Monochloroacetic Acid Prices Buckle Under Economic Challenges in 2023; 2024 Might be Another Tough Year

European Monochloroacetic Acid Prices Buckle Under Economic Challenges in 2023; 2024 Might be Another Tough Year

  • 16-Jan-2024 6:18 PM
  • Journalist: Rene Swann

Rotterdam (The Netherlands): European Monochloroacetic Acid prices are ending 2023 on a weak note. Disregarding short periods of an uptrend, the Monochloroacetic Acid market mostly followed a bearish run throughout 2023. Demand was under constant pressure from persistent inflation woes and high-interest rates across the regional market....

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

Tightening Supply and High Feedstock Cost Lift European Monochloroacetic Acid Prices
  • 20-May-2024 6:00 PM
  • Journalist: Harold Finch
Weak Demand and Low Feedstock Cost Drag Down European Monochloroacetic Acid
  • 12-Apr-2024 11:57 AM
  • Journalist: Peter Schmidt
European Monochloroacetic Acid Prices Brace for New Hikes Driven By High Feedstock
  • 16-Feb-2024 1:31 PM
  • Journalist: Jai Sen
European Monochloroacetic Acid Prices Buckle Under Economic Challenges
  • 16-Jan-2024 6:18 PM
  • Journalist: Rene Swann