At the start of Q3 2025, fatty acid prices in North America declined as lower Palm Kernel Oil costs reduced production expenses for manufacturers. The feedstock was readily available and cheaper than in June, improving margins and supporting steady output. Imports stayed low, with ocean freight rates from Asia falling due to high inventories and slow seasonal demand, while shipments from Europe remained stable. Air cargo from Asia saw a brief rise ahead of tariff changes, and easing trade tensions improved planning. Demand remained balanced, supported by steady consumption in paints & coatings and cosmetics sectors.
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.
