The global Hydrogen Peroxide market is experiencing significant disruption amid escalating geopolitical tensions around the Strait of Hormuz, which has severely impacted energy flows and shipping routes. In Bangladesh, Hydrogen Peroxide supply conditions have deteriorated sharply due to LNG shortages and widespread industrial shutdowns. The closure of major fertilizer plants, including Chittagong Urea Fertilizer Company and Karnafuli Fertilizer Company, alongside disruptions in the textile sector, has raised concerns over potential market illiquidity and the possible absence of price quotations. In Europe, Hydrogen Peroxide demand remains strong, supported by steady consumption in pulp and paper, semiconductor, and personal care industries, despite rising logistics costs and longer transit routes. Meanwhile, in the USA, the market is firm due to regulatory restrictions imposed by the Pipeline and Hazardous Materials Safety Administration and sustained municipal demand. Overall, supply chain constraints and war-driven uncertainties continue to support a firm global market outlook.
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.
