In early August, Pentaerythritol (PENT) demand in the North American region stayed steady, supported by consistent buying from the paints and coatings industry for alkyd resins and durable finishes, as well as stable offtake from the cosmetics sector driven by online sales and personal care demand. Supply conditions were moderate but stable, with reliable feedstock availability and firm export flows to key regions. Balanced demand and supply kept the market firm, while expectations of stronger coatings demand, possible weather-related disruptions, and higher energy costs pointed toward further price strength in the coming weeks.
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.
