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German Phosphonate Prices Decline in February 2024 Amid Weak Demand and Limited Cost Support

German Phosphonate Prices Decline in February 2024 Amid Weak Demand and Limited Cost Support

Harold Finch 12-Mar-2024

Hamburg (Germany): The German Phosphonate market continues to showcase weakness, and prices noted a further downtrend in February 2024. Phosphonate prices again dropped by 2.7% in February owing to several reasons. The influx of cheaper goods into the domestic market of Germany, coupled with moderate demand from the...

Selenis has effectively manufactured recycled PET chips using terephthalic acid sourced from Circ庐, 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.

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