The US wheat market fell steadily in September 2025 following economic slowdowns, supply chain imbalances, and agricultural shifts. Reduced industry activity and limited consumer expenditures in the United States have created lesser demand for wheat starch, a key food processing ingredient, paper production, and textiles. Manufacturers' early 2025 pre-buying cut the import pressure even more. Supply chain constraints like harbor backlog and transport delays have increased costs and detuned imports, while the higher U.S. currency has turned imports up in lower-valued currencies. Climatic conditions in agriculture were also a causative factor; greater U.S. domestic wheat output reduced demand for imports, while European and Australian climatic disappointments brought uncertainties to supply. Experts are expecting the downtrend to continue until October 2025 due to economic instability, inflation, and natural decreases in demand. Although measures are being taken to try to stem issues, a reversal of fortunes in the market would not be expected until early 2026, subject to better global conditions.
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.
