Refined rapeseed oil prices in the US eased in February as resilient downstream demand met logistical frictions that limited flows to consumption hubs. Early in the month, export offers from Canada and Europe remained firm on a stronger ICE canola curve, while biodiesel and foodservice demand supported replacement values. Mid-month, railcar availability tightened and Jones Act tanker slots were constrained, with EU maintenance reducing export capacity. By month-end, Gulf Coast inventories stayed within normal ranges, reducing shortage risk even as sellers adjusted offers to reflect shifting freight and origin-cost dynamics. Demand was mixed across end-use sectors, keeping values under pressure but leaving pockets of strength in biodiesel and renewable diesel procurement and in high-oleic formulations for labels. Imports continued to dominate domestic use, underscoring seaborne supply’s importance. Outlook remains constructive: analysts anticipate a spring rebound with gains into coming months before a summer moderation, contingent on freight, insurance, and origin costs. Buyers should monitor logistics and bunker costs as drivers.
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.
