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2025-11-12

Nike becomes anchor customer for Loop Industries’ Infinite Loop™ India facility

Multi-year offtake agreement secures supply of Loop’s Twist™ circular polyester resin made from textile waste

Loop Industries, Inc. (Nasdaq:LOOP) (“Loop”), a clean technology company accelerating the circular economy, today announced a multi-year offtake agreement with NIKE, Inc. (“Nike”), the global leader in athletic footwear and apparel. Under the agreement, Loop will supply Twist™, its virgin-quality circular polyester resin made exclusively from textile waste, establishing Nike as the anchor customer for the Infinite Loop™ India manufacturing facility which is being constructed in partnership with Ester Industries.

This agreement with Nike further advances the implementation of Loop’s commercialization strategy and reflects Nike’s commitment to sustainable innovation. Loop’s Twist™ resin, a verifiable textile-to-textile solution, will be used to reduce the usage of virgin and recycled flake polyester across Nike’s product lines.

Driving environmental impact

The Infinite Loop™ India facility1 is projected to deliver significant environmental savings compared to fossil fuel-based polyester. The facility is expected to achieve an 81% reduction in greenhouse gas emissions and an annual savings of up to 418,600 tonnes of CO₂ emissions2. This CO₂ saving is equivalent to eliminating more than one billion miles driven by an average gasoline-powered passenger vehicle each year.

Traceability

All products made with Twist™ will feature full traceability through Loop’s proprietary chemical tracer technology. This system provides Nike with verifiable proof of textile-to-textile recycled content.

“Our agreement with Loop Industries marks a pivotal step toward transforming textile waste into high-performance materials,” said said Sitora Muzafarova, VP Materials Supply Chain of Nike. “This partnership exemplifies our commitment to scaling sustainable solutions that deliver both environmental impact and product excellence.”

“We are very proud to have Nike as our anchor customer, this agreement is a major milestone for Loop Industries and for Infinite Loop™ India. The commitment from this iconic global brand is a powerful validation of our strategy to provide a verifiable textile-to-textile polyester resin and advancing circular fashion for our apparel customers,” said Daniel Solomita, Founder and Chief Executive Officer of Loop Industries.

Commenting on the development, Mr. Arvind Singhania, Chairman, Ester Industries Limited, said, “It is a privilege to partner with Nike in advancing their global sustainability ambitions. This partnership reflects the trust and confidence leading multinational brands place in our ability to deliver verifiable, high-performance recycled materials at scale.”

1A 70,000 tonne Infinite Loop™ facility could save up to 418,600 tonnes / year of CO₂ compared to virgin PET.

2Life Cycle Assessment of an Infinite Loop™ facility in India done by Franklin Associates, a division of ERG, compares kg for kg Loop PET vs. Virgin PET. CO₂ savings are compared to the production of virgin PET made from fossil fuels and the avoided incineration of waste used as a feedstock.