The global market for diammonium phosphate (DAP) is expanding rapidly in June 2025, driven mostly by high exports from China and Morocco. In order to circumvent seasonal delays and regulatory obstacles, importers from Asia, Europe, and the Americas are speeding up their orders. Despite low local inventories and increasing port congestion, Chinese traders are preferring exports because of the higher margins. Morocco is increasing its exports in response to high demand from Pakistan, France, and India. Early purchases are being prompted, especially in Europe, by anticipated EU levies on Russian fertilizers. In anticipation of a turbulent summer, the DAP market is preparing for tighter supply, increased demand, and impending regulatory changes.
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.
