Joint Venture10 Nov 2025, 07:02 pm
Ester Industries' JV With Loop Industries To Supply Sustainable Material To Nike Under A Multi Year Off-Take Agreement
AI Summary
Ester Industries, through its joint venture with Loop Industries, has secured a multi-year offtake agreement with Nike to supply sustainable materials. The agreement covers the supply of Twist™, Loop's branded, virgin-quality polyester resin made exclusively from textile waste, for use across Nike's product lines. The Infinite Loop™ India manufacturing facility, a partnership between Loop Industries and Ester Industries, is expected to deliver significant environmental savings. All products made with Twist™ will feature full traceability through Loop’s proprietary chemical tracer technology.
Key Highlights
- Ester Industries and Loop Industries have a joint venture, Ester Loop Infinite Technologies Private Limited (ELITe)
- Nike is the anchor customer for the Infinite Loop™ India manufacturing facility
- Loop will supply Twist™, its virgin-quality circular polyester resin made exclusively from textile waste
- The agreement is expected to deliver significant environmental savings
- All products made with Twist™ will feature full traceability through Loop’s proprietary chemical tracer technology