In December, the price of Tallow Oil rose 2.8% and is expected to continue to rise into the first two weeks of January due to high energy prices and tight supply. The higher price for Tallow Oil reflects a decline in the number of available raw fat products as herd processing has decreased due to the Christmas holiday and increased expenses associated with compliance with EU Category 3 Animal By-product regulations for rendering facilities. Additionally, many biodiesel manufacturers acquired most of the Tallow Oil available to them at year's end and outbid soap and fatty-acid manufacturers for limited parcels of Tallow Oil. Demand from oleochemical producers remains steady while food-grade demand is primarily seasonal. There continues to be good export activity as cross-border purchasers from other EU countries are helping to create a stable market for Tallow Oil despite shortages in supply. Looking forward, Tallow Oil prices are expected to increase gradually through January, with support from restocking after the holiday season and ongoing tightness in key exporting regions, and stable logistics allowing exporters to continue to expand their price ranges incrementally.
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.
