The global market of Sodium Nitrate was in downtrend in August 2025 due to the different a softness in the feedstock market and the weak end-user offtake across various downstream sectors. The demand from the agriculture sector where Sodium Nitrate was subdued as the fertilizer formulators observed weak end user offtake. The prices are not expected to see aggressive price inclination due to efficient runs by the Sodium Nitrate formulators. The anticipated seasonal demand from food sectors will likely stay balanced due to well-balanced inventory levels.
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.
