In mid-January (2026), the Price for Polyvinyl Chloride (PVC) in the USA has experienced a rise on the back of logistic issues that are tightening and a decreased level of inventory with respect to construction activity and demand. Another factor is a reduction of capacity in trucking, since December there has been an increase in freight rates and an increasing capacity of utilization, which provides support to rising freight rates for PVC price increases. Inventory levels in PVC have fallen to record low levels, which has added to expected increased demand for restocking. The chilling effect of the declining home sales along with weak housing investment has also impeded any increase in demand for downstream PVC.
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.
