Prices for Tetrahydrofuran (THF) in the US continued to be weak in December 2025 as a result of excess supply and reduced downstream demand. In the Gulf Coast region, producers were able to maintain ongoing production levels due to continuous availability of raw materials and raw materials' overall availability, allowing producers to have significant THF stock and thus ample opportunity to sell to customers. Buyers have been cautious with their buying habits, only purchasing what they need over the next few months, because they believe that prices will be lower in the future. The current feedstock situation does not help THF sellers because the smaller increases experienced in butanediol's price will not offset the significant excess supply available for THF on the market today. Furthermore, energy, utility cost and therefore production costs continue to remain steady for producers, allowing them to sustain their current production rate of THF. Demand for THF from downstream users such as PTMEG, Polyurethanes, Coatings, and Specialty Solvents remain weak, with limited exports or new orders, thus creating a negative immediate outlook for THF.
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.
