U.S. white oil prices fell 4.22% during the week ending 10 April 2026, as a sharp crude oil sell-off — Brent and WTI both posting weekly losses— compressed petroleum derivative feedstock economics ahead of scheduled U.S.-Iran peace talks in Islamabad. Accelerating domestic crude inventory builds of 6.10 million barrels reinforced the bearish feedstock signal. Underlying white oil demand remained stable, though buyers adopted a wait-and-see procurement posture. The EIA projects crude to average $96 per barrel in 2026; further white oil softening is probable if diplomatic progress advances and Strait of Hormuz flows normalise.
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.
