Loop Industries secures offtake agreement with Nike

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Canadian textile-to-textile polyester recycler announces a multi-year offtake deal with the sportswear giant

MONTREAL/BEAVERTON – Canadian circular textiles innovator Loop Industries has signed a multi-year offtake agreement with sportswear giant Nike to provide it with its recycled polyester resin.

The deal will see Nike become the "anchor customer" for Loop's first Infinite Loop manufacturing facility which is being built in the India state of Gujurat in partnership with Ester Industries.

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