Biodiesel UCO CFR Houston prices in the United States softened in early March 2026 after maintaining relatively steady momentum through February. The market transitioned from range-bound stability to a modest correction as traders reassessed near-term demand expectations and inventory levels. Despite heightened geopolitical tensions stemming from the ongoing Middle East conflict, biodiesel pricing remained largely insulated from war-driven volatility. One key factor was the stable crude palm oil market, with prices holding above MYR 4,150 on the Malaysia Derivatives Exchange. Indonesian producers reported that palm oil exports have not been significantly affected by the conflict because major demand centers remain India, China, Pakistan, and the European Union rather than the Middle East. In the United States, adequate UCO feedstock availability and balanced biodiesel blending demand further limited upward price pressure. As a result, biodiesel pricing continued to reflect domestic supply-demand fundamentals rather than geopolitical risk premiums.
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.
