In July 2025, the U.S. coal market saw moderately bullish sentiment driven by supply constraints and resilient demand. Production was tightened by Core Natural Resources’ reduced output at the Itmann mine and the ongoing Leer South outage, cutting merchant availability despite stable annual guidance. Steelmaking demand remained steady, supported by high-capacity utilization and consistent blast furnace operations. Power sector coal use surged during record-breaking electricity peaks from a late-July heatwave, ensuring grid stability when solar output declined. Looking ahead, steady steel demand and potential heatwaves may sustain near-term support, though long-term trends remain shaped by decarbonization and fuel competition.
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.
