During the initial week of October 2025, minor upward movements were registered in global biodiesel markets in the major regions of the world, with mixed but balanced fundamentals and continued trading activity. The US biodiesel market continued to show signs of firmness with consistent feedstock supply and steady blending activity. In Europe, the biodiesel market was balanced with a sufficient inventory position and smooth logistics in place to support continued blending operations. The South Korean market appeared to have reasonable domestic production levels in conjunction with timing of import arrivals to meet expectations, and this, along with moderate spot buying, was providing slight upward price support. All regions were maintaining reasonable trading activity as blending mandates and expected buying patterns were supporting limited market activity in all regions. Overall market sentiment remained cautiously positive in nature as traders reacted to unchanging demand and stable feedstock cost dynamics. Biodiesel markets are expected to remain stable for the near term, unless a change in feedstock supply trends or any discretionary buying occurs, both of which could set short-term price direction.
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.
