In June 2025, Halo Butyl Rubber demand in Europe remained steady, supported by consistent production and stable consumption in the automotive and construction sectors. However, weak export activity, rising inventories, and ongoing trade uncertainties weighed on market sentiment. Softer feedstock costs and logistical challenges contributed to oversupply in the region. While automotive applications—particularly for EVs—sustained demand, slower construction activity and cautious buyer behavior continued to exert downward pressure. Further softening in prices is expected amid reduced Asian demand and a seasonal lull in sealant and waterproofing applications.
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.
