US refined soybean oil prices rose in February as robust demand from renewable-diesel refiners and export programs tightened supplies through the month. Early shipments allowed crushers to run above seasonal norms; mid-month Gulf Coast loading windows kept premiums intact. Late February inland tonnage shifted to fulfil export liftings, drawing stocks toward the low end of the five-year range and prompting sellers to lift offers as buyers and packaged foods replenishing for Easter, competing for barrels. Strength was concentrated in a few end-markets, with renewable-diesel refinery take-off higher year-on-year, reinforcing tighter merchant balances and stronger bids; packaged foods boosted spot buying while food-service demand remained softer. Export programs into Mexico, Colombia and South Korea absorbed volumes, reinforcing market tightness and reducing incentives for prompt discounts. Upstream logistics supported the rally: stable Midwest arrivals and positive crush margins kept throughput elevated, while inland stocks narrowed. Outlook points to mixed but resilient momentum through summer, with continued volatility tied to demand and logistics dynamics.
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.
