Loop Industries (LOOP) announced a multi-year offtake agreement with NIKE (NKE). 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.
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