In Europe, Butadiene prices fell slightly during October 2025. It is due to an ease in production costs, while the demand remained stable for elastomers from end-use industries. The supply of crude oil improved, and global risks eased, which helped lower the production costs of Butadiene. However, production rates remained cautious, and supply from local sources was moderate as Europe continued to face challenges like material shortages, high transport costs, and changing trade rules. Despite this, trade within Europe remained firm. Efforts were made to improve transport and use digital tools to keep supply chains strong. Concurrently, the demand for Butadiene stayed stable, supported by car sales and public building projects. Rubber made from Butadiene was used in tires, seals, adhesives, and flooring. Looking ahead, Butadiene prices could rise in the second half of the quarter as demand for winter tires increases and companies stock up. Supplies to the importers may also increase, which would reduce local supply. Ongoing work on roads and buildings will maintain strong demand for Butadiene-based products.
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.
