The prices for soybeans in Ukraine have been rising significantly in January 2026, a factor that was also observed in December 2025. The prices for this commodity have been rising over time, a factor that is attributed to the fact that the processors are offering higher prices for this crop. The fact that there is a lack of supply, especially in response to the winter frosts, has made this market situation tighter for this crop, especially in response to the competitive pressures emanating from rising sunflower oil prices. Ukraine is said to be at a crossroads in its soybean market, a factor that is attributed to the fact that it has a very strong export market.
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.
