At the start of Q3 2025, Toluene Diisocyanate (TDI) prices in Europe declined amid moderate production and lower feedstock costs, driven by easing crude oil prices. However, supply was constrained due to labor shortages, port strikes, and rising logistics costs. Demand remained mixed—automotive sales dropped in Western Europe, impacting PU usage, while the UK market showed resilience. Construction-related demand stayed weak. Despite these challenges, TDI prices are expected to rise in early Q3, supported by seasonal demand for coatings and limited supply due to summer-related production slowdowns and workforce shortages.
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.
