Isophthalic Acid prices rose in the USA and China in mid-June due to low supply, high raw material and shipping costs and strong demand from the PET packaging sector. China faced low production and more exports while the U.S. saw costly imports. Steady demand from the packaging sector for making PET bottles and fewer stocks kept the supply tight leading to incline in prices.
The Isophthalic Acid market witnessed a strong price rise in both the USA and China during the second week of June. This upward trend was largely due to tight supply, firm raw material costs and steady downstream demand from the packaging sector. Both countries experienced...
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.
