In early July 2025, Polyol prices in Europe rose slightly due to steady construction demand and tightening supply. While production in Germany remained moderate with ample Propylene Oxide feedstock and reduced crude oil costs, logistical issues such as labor shortages, port strikes, and transport delays disrupted supply chains. The construction sector maintained firm demand, driven by sustainable building initiatives, while automotive demand stayed stable despite weak car sales. Looking ahead, prices are expected to rise further as summer plant shutdowns, limited workforce availability, and growing demand for coatings strain supply and prompt price hikes.
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.
