Oleic acid prices in Southeast Asia continued their upward trajectory through September, with Malaysia’s food-grade FOB rates rising 0.4% month-on-month and Indonesia’s climbing 0.43%. The market was buoyed by dual supply-side constraints, Malaysia’s CPO export duty activation and Indonesia’s B40 biodiesel expansion, while demand surged from Indian and Vietnamese buyers ahead of Q4 festive production. Pharma and personal care sectors led the consumption spike, prompting inventory depletion and spot market premiums.
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.
