What is the significance of the multi-year LOI secured by Ester Loop Infinite Technologies with the global sports brand?

The multi-year Letter of Intent (LOI) secures an annual supply commitment of up to 15,000 metric tons of Loop™ PET Fiber Grade resin from ELITe’s upcoming India-based facility — expected to be operational in 2028 — and significantly covers a substantial portion of the facility’s planned annual capacity, thereby validating strong market demand for circular, textile-to-textile recycled polyester.

Which companies formed the joint venture Ester Loop Infinite Technologies (ELITe), and what is the nature of its agreement with the global sports brand?

Ester Loop Infinite Technologies (ELITe) is a joint venture between Ester Industries Limited and Loop Industries, Inc., and it has secured a multi-year LOI with a major global sports brand for the annual supply of up to 15,000 metric tons of Loop™ PET Fiber Grade resin from its forthcoming Indian facility, which is slated to begin operations in 2028.

Ester Loop Infinite Technologies Secures Multi-Year LOI with Global Sports Brand for 15,000 MT Annual Supply

Aug 19, 2026

Ester Loop Infinite Technologies secured a multi-year LOI to supply 15,000 metric tons annually of Loop™ PET Fiber Grade resin to a major global sports brand starting in 2028. This validates strong market demand for circular, textile-to-textile recycled polyester.

The Textile Magazine

Ester Loop Infinite Technologies Secures Multi-Year LOI with Global Sports Brand for 15,000 MT Annual Supply

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