Tallow oil prices in Germany are expected to decline by the end of October, reversing earlier gains. Seasonal shifts in demand, whereby winter generally triggers production for industries such as soaps and candles, account for the expected drop. Numerous buyers have recently hoarded tallow oil, but that will translate into reduced short-term buying requirements. In the wider economic context, Eurozone manufacturing slumped in September as new orders declined at their steepest rate in six months. Its loss is chiefly due to increasing inflation, which has tightened consumers and enterprises. As everyday run-of-the-mill services and commodities get more expensive, consumer expenditure has contracted, affecting demand for a range of items, including tallow oil. Declined overseas demand from other Eurozone countries also comes into play, with corporations experiencing higher operating costs and poor consumer confidence. Vendors can also respond by cutting prices to create demand. In general, all these help point toward the tallow oil industry anticipating a difficult economic climate in the future as stakeholders make adjustments accordingly.
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.
