Loop Industries supplied 100% recycled, virgin-quality Polyester chips derived from low-value textile waste.
Hyosung TNC transformed Loop Polyester chips into high-performance drawn textured yarn.
Pleatsmama crafted stylish, eco-friendly handbags emphasizing circular design principles.
MONTREAL, QC / ACCESS Newswire / February 23, 2025 / Loop Industries, Inc. (NASDAQ:LOOP) ("Loop"), a clean technology company dedicated to accelerating circular fashion by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and textile-to-textile polyester fiber ("T2T"), today announced a three-way collaboration with Hyosung TNC ("Hyosung"), a complete sustainable textile solutions provider, and Pleatsmama, a sustainable fashion brand, to produce 100% recycled drawn textured yarn used in limited-edition handbags. The yarn was manufactured using Loop's virgin-quality polyester produced through the Infinite Loop™ textile-to-textile recycling technology, utilizing low-value mixed polyester textile waste as feedstock.
Hyosung leveraged its expertise in advanced materials to spin the yarn, ensuring premium quality and performance, while Pleatsmama transformed the yarn into stylish, sustainable handbags. This collaboration highlights the potential of circular fashion and innovative recycling technologies to drive sustainability across industries.
Loop's T2T polyester fiber is recognized for its virgin-quality properties, seamlessly integrating into existing supply chains and manufacturing processes without compromising on quality or aesthetics. The polyester also delivers significant environmental benefits, reducing greenhouse gas emissions by up to 80% and requiring up to 91% less non-renewable primary energy compared to virgin polyester production from fossil fuels1.
Polyester, the most widely used fiber globally, accounts for approximately half of the textile market, reaching an estimated 71 million metric tons in 2023. This presents a significant challenge, as polyester fiber waste is not suitable for traditional mechanical recycling methods and often ends up in landfills or is incinerated. The Infinite Loop™ technology provides a solution by recycling even the lowest-value polyester waste, regardless of color or material composition, into 100% recycled virgin-quality Polyester. This closed-loop approach offers a sustainable alternative for the textile industry, addressing the growing issue of textile waste while maintaining exceptional quality and performance.
"Teaming with Loop Industries and our brand partner, Pleatsmama, marks a significant milestone in our efforts to support our customers in achieving their sustainability objectives and expanding solutions that benefit both current and future generations," said Chihyung Kim, CEO of Hyosung TNC. "We admire Loop for its high quality and its capacity to divert textile waste from landfills and incineration, while reducing the reliance on virgin polyester by minimizing raw material extraction."
"The collaboration with industry leaders such as Hyosung & Pleatsmama demonstrates the potential of our Infinite Loop™ technology to transition from linear to circular fashion," said Giovanni Catino, Vice President of Sales and Business Development of Loop. "By converting low-value mixed polyester textile waste into virgin-quality polyester, we're not only tackling the pressing issue of textile waste but also enabling brands to deliver premium products with a closed-loop solution that meets both quality and environmental standards."
1Life Cycle Assessment of Loop GEN II Infinite Loop France 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.
About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Common shares of the Company are listed on the NASDAQ Global Market under the symbol "LOOP."
