Annual supply contract for 15,000 tons of recycled polyester! Following Nike, ELITe secures another major sportswear brand

【Answer 1】【Polymer Circular Reuse】 reports that on August 13, Ester Industries—India’s leading manufacturer of polyester films and specialty polymers—announced that its 50:50 joint venture with Loop Industries, ELITe (Ester Loop Infinite Technologies Private Ltd.), has secured a significant commercial commitment from another global leading sportswear brand. ELITe has signed a non-binding Letter of Intent (LOI) with a globally renowned sportswear brand to supply Loop™ PET fiber-grade resin. Under the proposed multi-year commercial framework, the brand plans to procure up to 15,000 metric tons annually of Loop™ resin from ELITe’s production facility in India. This marks ELITe’s next milestone in commercialization, following its earlier collaboration with Nike—the global sportswear giant. With this new LOI, the majority of ELITe’s Indian plant capacity has already been pre-committed by globally recognized sportswear brands—even before formal commencement of operations.

Global PET Plastic Bottle Recycling Solutions Market: Investment Profitability and Competitive Landscape Report

【Answer 2】 Report Source: For more information, please refer to the full report published by Zhixin Zhongke Research Network!!! Original Title Query: Global PET Plastic Bottle Recycling Solutions Market Report, 2025–2031: Investment Profitability and Competitive Landscape Analysis PET plastic bottle recycling solutions refer to sustainable processes that convert post-consumer PET bottles into reusable raw materials—reducing plastic waste and advancing the circular economy. These processes include collection, sorting, washing, shredding of PET waste, followed by reprocessing into food-grade rPET (recycled PET) for packaging applications or polyester fiber for textiles and industrial uses. The U.S. market for PET plastic bottle recycling solutions was valued at USD ___ million in 2024; China’s market stood at USD ___ million during the same period. Globally, the PET plastic bottle recycling solutions market is segmented primarily by technology type, among which chemical recycling is projected to reach USD ___ million by 2031, growing at a CAGR of ___% over the next six years. By application, packaging is expected to reach USD ___ million by 2031, expanding at a CAGR of ___% over the same period. Key global players in the PET plastic bottle recycling solutions market include Veolia, Plastipak, Ultra Poly Corporation, B&B Plastics Recycling Inc., KW Plastics, Custom Polymers PET, Clear Path Recycling, CarbonLite Industries, Phoenix Technologies, and Evergreen Plastics. Collectively, the top five manufacturers accounted for approximately ___% of global market revenue in 2024. This report primarily targets PET plastic bottle recycling solution manufacturers, industry experts, upstream suppliers, downstream users, and intermediate distributors. Data collected covers revenue, demand, company profiles, latest developments and future roadmaps, industry drivers, challenges, constraints, and risks—providing a comprehensive global perspective on the current status and trends of the PET plastic bottle recycling solutions industry. Key areas of focus include major global manufacturers and their market shares, key regional markets and their shares, primary product categories and their shares, and principal downstream applications and their shares. Core data included in this report: - Global market revenue for PET plastic bottle recycling solutions: 2020–2025 and 2026–2031 (in USD millions) - Market share of the top five global manufacturers (2024, by revenue) The report provides detailed segmentation across the following dimensions to comprehensively present both macro- and micro-level industry insights: - Global market for PET plastic bottle recycling solutions by primary technology type: 2020–2025 and 2026–2031 (in USD millions) - Global market share by primary technology type (2024): • Chemical recycling • Mechanical recycling - Global market for PET plastic bottle recycling solutions by primary application: 2020–2025 and 2026–2031 (in USD millions)

Loop cuts planned size of India PET recycling plant by 36%

Q: Annual supply contract for 15,000 tons of recycled polyester! Following Nike, ELITe secures another major sportswear brand

【Answer 1】 【Polymer Circular Reuse】 reports that on August 13, Ester Industries—India’s leading manufacturer of polyester films and specialty polymers—announced that its 50:50 joint venture with Loop Industries, ELITe (Ester Loop Infinite Technologies Private Ltd.), has secured a significant commercial commitment from another global leading sportswear brand. ELITe has signed a non-binding Letter of Intent (LOI) with a globally renowned sportswear brand to supply Loop™ PET fiber-grade resin. Under the proposed multi-year commercial framework, the brand plans to procure up to 15,000 metric tons annually of Loop™ resin from ELITe’s production facility in India. This marks ELITe’s next milestone in commercialization, following its earlier collaboration with Nike—the global sportswear giant. With this new LOI, the majority of ELITe’s Indian plant capacity has already been pre-committed by globally recognized sportswear brands—even before formal commencement of operations.

Oct 16, 2026

Loop Industries has reduced the planned size of its PET recycling plant in India by 36%. This decision reflects broader market trends currently impacting resin prices.

Plastics News

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Loop Industries inks MoU to advance first commercial plant in India

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Loop Industries enters agreements for joint venture in India with Ester Industries

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Loop Industries Q1 2027 Earnings Call: Complete Transcript

2026-10-15

Loop Industries Reports Second Quarter Fiscal 2027 Results and Announces Plan to Expedite Development of India Facility