May ethanol prices ended the month firmer as demand momentum and higher feedstock costs tightened balance. Early May ethanol strength was underpinned by blend-mandate momentum and policy actions that supported uptake; mid-month activity softened as production and stocks rose, but by late May ethanol blenders reabsorbed spot ethanol volumes, reversing the pullback. The pattern shifted from policy-driven support to a mid-month ethanol supply test before rallying into the final week, leaving the outlook biased toward firmness into early June. Demand across key sectors remained supportive, with fuel blending the dominant pillar as ethanol blenders sustained a full mix across E10, E15 and E85 and absorbed spot volumes. Flex-fuel consumption provided moderate support, while exports softened, reducing an outlet for excess supply. Regional spot dynamics influenced flows, with Texas-area strength noted. Corn costs rose modestly, adding inflationary pressure and squeezing margins. Ethanol production capacity remains ample with ongoing expansion; seasonal CAP restrictions provide upside constraints. The ethanol market upheld a bullish tilt on demand and feedstock economics.
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.
