The Acrylonitrile prices rose in the North American market amid firm exports and moderate to low production rates in the region. Meanwhile, the Acrylonitrile demand was stable to produce end-use materials in the downstream Styrene Butadiene Rubber and ABS industries. In the upcoming weeks, Acrylonitrile prices are expected to increase further due to an anticipated increase in production costs attributed to the tightened availability of feedstock supplies. At the same time, steady demand for Acrylonitrile-derived materials would keep orders steady from downstream industries, and market players would raise their quotations to protect their profit margins.
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.
