At the start of Q3 2025, European Hexamethylene Diisocyanate (HDI) prices rose, driven by tight Hexamethylene Diamine supply, transport delays, and higher compliance costs. Feedstock costs increased as ammonia prices climbed after the EU’s ban on Russian and Belarusian imports, with Rhine transport issues and CBAM rules adding pressure. Demand stayed firm, supported by a 4% rise in car sales and a 48% jump in EV registrations, alongside steady use in infrastructure coatings. However, prices are expected to soften in the coming weeks as seasonal slowdowns ease demand and supply conditions improve.
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.
