Heightened Freight Charges Leads the US Stearic Acid Prices to Incline in December 2023
Heightened Freight Charges Leads the US Stearic Acid Prices to Incline in December 2023

Heightened Freight Charges Leads the US Stearic Acid Prices to Incline in December 2023

  • 10-Jan-2024 6:14 PM
  • Journalist: Harold Finch

The overall market situation of Stearic Acid (Rubber Grade) remained bullish in the US market throughout the second half of December 2023 with prices observing an overall appreciation of approximately 1%, as prices of Palm Oil (feedstock of Stearic Acid) also continued to incline with prices appreciating...

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 Stearic Acid Prices Surge Amid Palm Oil Shortages and Weather Disruptions
  • 12-Dec-2024 4:45 PM
  • Journalist: Francis Stokes
Stearic Acid Prices Fall in USA as Supply Conditions Ease and Demand Cools
  • 18-Apr-2024 3:21 PM
  • Journalist: Motoki Sasaki
European Stearic Acid Market shows bullish outlook as Consumption from Downstream
  • 07-Mar-2024 2:58 PM
  • Journalist: Sasha Fernandes
Heightened Freight Charges Leads the US Stearic Acid Prices to Incline in December 2023
  • 10-Jan-2024 6:14 PM
  • Journalist: Harold Finch