In early February 2026, after stabilizing since late January, the U.S. Formic Acid market made a solid climb of 3.8%. The move cut the muted range-trade that had been in place through most of January and suggested a revival of demand by speculators on the front-month. The rise at the start of February signals active price discovery in the near term, and renewed market liquidity for the spot. Other broader agricultural policy and market signals were still supportive towards formic acid but more tangential: USDA guidance aligned with preparation for a potentially severe winter weather event affecting livestock producers; and joint USDA–EPA–SBA statements reinforced commitments to farmers and rural business. NASDA’s 2026 federal policy priorities covered animal disease preparedness, traceability, and pesticide regulation all of which have indirect effects on the management of livestock feed and the want for feed additives. Industry opinion remained positive about the expanding use of formic acid in silage preservation and improving quality of feedstuff for the livestock, which consolidates its place in agrochemical and feed industry.
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.
