India's mustard oil market is facing stiff volatility in the wake of festive demand, low production, and shifts in global trade. Government actions, such as the imports of canola and possible duty reductions, are sought to stabilize prices, yet the supply tightness continues. Export momentum, particularly to China, is engulfing domestic production and exerting pressure on world prices. In the US, increasing demand and extended lead times are propelling the cost of mustard oil upwards, as Indian manufacturers and retailers rethink tactics amid regulatory pressures and changing consumer opinion.
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.
