The last few weeks saw the dextrose market witness steep price falls, most notably in China, which is the largest producer and exporter of dextrose. Major demand drivers include ongoing usage by the food and drinks industries and growth in industrial applications. Demand for dextrose is still strong based on the chemical's multi-purpose applications across industries. Supply side fundamentals thus evened-out production levels and good feedstock conditions have also played their part in a downwardly directed price trend. The influence of Chinese pricing has already begun to resonate in Germany's dextrose import market. As such trends continue to unfold, the market is still set for additional realignments in the near months to come. This developing scenario together with it comes challenges and opportunities to the stakeholders, such as the manufacturers and consumers, to understand developments in the process. Overall, the dextrose sector is at a turning point, wherein watchful observation of new trends and changing patterns in demand is the requirement of the hour.
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.
