Malaysian palm oil export prices have continued to climb during September 2025, underpinned by supply deficits, firm international demand, and a favorable exchange rate. Standstill of harvesting activities in Malaysia and Indonesia due to unfavorable weather has reduced inventories. Rising purchases from China, India, and the EU, and geopolitical tensions constricting alternatives, have given support. Weakening of the Malaysian ringgit has also helped make it competitive on the international scene. Industry observers project further price increases on the strength of sustained supply disruption, festive season demand spikes, and increasing use of palm oil-derived biodiesel as part of worldwide green energy efforts. Inflationary force and increasing crude oil prices also should help the market position of palm oil. Environmental issues involving deforestation and other vegetable oils may, however, affect price stability. In spite of the aforementioned risks, Malaysia is a leader in global palm oil markets through continued demand and favorable trends.
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.
