In the first half of November 2025, Polyol prices stayed stable in Europe, as market players did not change prices from late October amid steady demand and reliable supply. The demand for Polyol was firm as seasonal restocking supported recovery in polyurethane (PU) industries. The furniture sector used more flexible PU foams and adhesives to meet interest in eco-friendly products, while the automotive industry added demand through growing electric vehicle production backed by government programs. The construction sector also contributed, with energy-efficient housing and infrastructure projects increasing the need for PU-based insulation, cushioning, and composite materials. On the supply side, production remained steady but was limited by moderate feedstock propylene oxide availability. Exports to the U.S. and China were weak. Looking ahead, Polyol prices are expected to rise in the coming weeks of Q4 as winter slows supply, while higher energy and raw material costs would raise the production expenses.
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.
