Polypropylene prices reduced by 3.96% in the first week of September then remain stable for next two consecutive weeks. The consumer concern was witness as downstream sector renewed order despite making new. The Indian government's introduction of a Minimum Import Price (MIP) on Virgin Packaging Board (VPB) that forced local manufacturers to increase supply prices but fail to impact the market. Hassle-free domestic port clearance made smooth unloading of Polypropylene but small delays from China constraint import supply. The flexibility of the government on GST-related packaging adjustments, which permitted packaging materials to be utilized until December, alleviated short-term waste and compliance hassles.
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.
