During the early half of June 2025, Mono Ethylene Glycol (MEG) prices experienced a divergent price trend in the key global market. The US market sees a bullish trend while the prices in the other region remained bearish, driven by the availability of MEG and the demand pattern.
In the United States market, month started with an upward trend for MEG, mainly due to the tight supply conditions. While the demand for the MEG remained firm during the period. Additionally, US Federal reserve reported that the industrial production contracted during by 0.2, monthly...
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.
