U.S. ethanol markets ended April on a firmer note, recovering from mid-month weakness as tightening supply-demand balances and stronger export activity supported prices. Market sentiment improved following policy-driven demand optimism and better blending economics, while weekly data showed signs of inventory drawdowns and stable production trends. Despite earlier pressure from elevated stocks and uneven refinery uptake, late-April export strength provided a key bullish trigger. Overall, the market shifted from volatility to a firmer close, reflecting improving demand conditions and a gradual rebalancing of domestic ethanol fundamentals.
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.
