Diethylene Glycol (DEG) prices in the US market experienced a period of stability during the second half of August 2025. Though the overall market sentiments for the DEG remained moderate to low. DEG price trend is mainly associated with the low production costs coupled with the declining feedstock Ethylene Oxide prices. At the same time, demand for the DEG remained below expectations, driven by the weakness in the end use construction sector. Additionally, the ongoing market uncertainties related to inflation and tariffs influencing the downstream market sentiment.
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.
