on Loop Industries, Inc. (NASDAQ:LOOP)
Loop Industries and Hyosung TNC Form Strategic Alliance for Circular Polyester
Loop Industries, known for its clean technology initiatives, has partnered with Hyosung TNC to foster the global transition to circular polyester. This strategic alliance aims to extend access to sustainable textile-to-textile supply chains, catering to brands shifting from fossil fuel-based materials to circular alternatives.
Loop Industries utilizes its Infinite Loop™ depolymerization technology to convert textile waste into high-purity Twist™ polyester resin. Hyosung TNC, renowned for its advanced textile expertise, transforms this recycled resin into performance yarns under its Regen™ portfolio.
This collaboration strengthens Loop's market presence and promotes circular solutions aligning with the ongoing industry shift towards sustainability. The alliance supports Loop’s India Infinite Loop™ project and aims to provide wide-reaching supply chain options across Asia, Europe, and North America.
R. P.
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