In July 2025, the global Agar-agar market showed mixed trends across key regions due to shifting downstream demand and strategic inventory adjustments. Chinese and Japanese markets saw renewed buying interest as earlier stockpiles were absorbed by pharmaceutical and nutraceutical production, prompting fresh procurement. In contrast, the Indian domestic market experienced subdued activity, as prior discounted purchases and weak end-user demand limited new orders. Overall, market movements were influenced by production stability, timely logistics, and sector-specific consumption rhythms, with expectations of near-term stabilization and marginal upward pressure ahead.
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.
