The global glycerine market is experiencing renewed price volatility in June 2025 due to its critical role across various industries and increasing demand for sustainable, bio-based solutions. Indonesia, the leading exporter, saw mixed prices with refined glycerine increasing due to strong demand and supply constraints, despite a boost in crude glycerine from biodiesel expansion. Malaysia mirrored these trends with sharper mid-month corrections, while Canada experienced more stable but elevated prices, driven by steady demand and import flows. These fluctuations are increasing input costs for downstream industries like pharmaceuticals, cosmetics, and biodiesel, who have limited ability to pass these costs on to consumers, highlighting the need for vigilance amidst ongoing logistical challenges and sustainability goals.
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.
