Loop Industries, Hyosung TNC And Pleatsmama Collaborate To Pioneer Circular Fashion With Infinite Loop(TM) Textile-to-Textile Recycling Technology
Loop Industries (NASDAQ:LOOP) announced a three-way collaboration with Hyosung TNC and Pleatsmama to produce 100% recycled drawn textured yarn for -edition handbags. The initiative utilizes Loop's Infinite Loop™ textile-to-textile recycling technology, which transforms low-value mixed polyester textile waste into virgin-quality polyester.
The collaboration demonstrates a significant advancement in circular fashion, with Loop supplying recycled polyester chips, Hyosung TNC converting them into high-performance yarn, and Pleatsmama creating eco-friendly handbags. The technology offers substantial environmental benefits, reducing greenhouse gas emissions by up to 80% and requiring up to 91% less non-renewable primary energy compared to traditional virgin polyester production.
This innovation addresses a critical market need, as polyester represents approximately half of the textile market, reaching an estimated 71 million metric tons in 2023. The Infinite Loop™ technology can recycle even the lowest-value polyester waste, regardless of color or composition, providing a sustainable solution for textile waste that traditionally ends up in landfills or is incinerated.
Loop Industries (NASDAQ:LOOP) ha annunciato una collaborazione tripartita con Hyosung TNC e Pleatsmama per produrre filato testurizzato estratto al 100% da materiali riciclati per borse edizione. L'iniziativa utilizza la tecnologia di riciclo tessile-tessile Infinite Loop™ di Loop, che trasforma i rifiuti tessili in poliestere misto di basso valore in poliestere di qualità vergine.
La collaborazione rappresenta un significativo avanzamento nella moda circolare, con Loop che fornisce chips di poliestere riciclato, Hyosung TNC che li trasforma in filato ad alte prestazioni e Pleatsmama che crea borse ecologiche. La tecnologia offre notevoli benefici ambientali, riducendo le emissioni di gas serra fino all'80% e richiedendo fino al 91% in meno di energia primaria non rinnovabile rispetto alla produzione tradizionale di poliestere vergine.
Questa innovazione affronta un'esigenza critica del mercato, poiché il poliestere rappresenta circa la metà del mercato tessile, raggiungendo un stimato di 71 milioni di tonnellate metriche nel 2023. La tecnologia Infinite Loop™ può riciclare anche i rifiuti di poliestere di valore più basso, indipendentemente dal colore o dalla composizione, fornendo una soluzione sostenibile per i rifiuti tessili che tradizionalmente finiscono in discarica o vengono inceneriti.
Loop Industries (NASDAQ:LOOP) anunció una colaboración tripartita con Hyosung TNC y Pleatsmama para producir hilo texturizado extraído al 100% de materiales reciclados para bolsos de edición. La iniciativa utiliza la tecnología de reciclaje textil-a-textil Infinite Loop™ de Loop, que transforma los residuos textiles de poliéster mixto de bajo valor en poliéster de calidad virgen.
La colaboración representa un avance significativo en la moda circular, con Loop suministrando chips de poliéster reciclado, Hyosung TNC convirtiéndolos en hilo de alto rendimiento y Pleatsmama creando bolsos ecológicos. La tecnología ofrece beneficios ambientales sustanciales, reduciendo las emisiones de gases de efecto invernadero hasta en un 80% y requiriendo hasta un 91% menos de energía primaria no renovable en comparación con la producción tradicional de poliéster virgen.
Esta innovación aborda una necesidad crítica del mercado, ya que el poliéster representa aproximadamente la mitad del mercado textil, alcanzando un estimado de 71 millones de toneladas métricas en 2023. La tecnología Infinite Loop™ puede reciclar incluso los residuos de poliéster de menor valor, independientemente del color o la composición, proporcionando una solución sostenible para los residuos textiles que tradicionalmente terminan en vertederos o son incinerados.
루프 인더스트리 (NASDAQ:LOOP)는 하이오성 TNC 및 플리츠마마와 함께 100% 재활용된 텍스처드 실을 제작하기 위한 삼자 협력을 발표했습니다. 이 이니셔티브는 루프의 Infinite Loop™ 섬유-섬유 재활용 기술을 활용하여 저가의 혼합 폴리에스터 섬유 폐기물을 버진 품질의 폴리에스터로 변환합니다.
이 협력은 루프가 재활용된 폴리에스터 칩을 공급하고, 하이오성 TNC가 이를 고성능 실로 변환하며, 플리츠마마가 친환경 가방을 제작하는 등 순환 패션의 중요한 발전을 보여줍니다. 이 기술은 온실가스 배출을 최대 80% 줄이고, 전통적인 버진 폴리에스터 생산에 비해 비재생 에너지를 최대 91% 덜 소모하는 등의 상당한 환경적 이점을 제공합니다.
이 혁신은 폴리에스터가 섬유 시장의 약 절반을 차지하는 중요한 시장 수요를 해결합니다. 2023년까지 폴리에스터의 추정량은 약 7100만 톤에 달합니다. Infinite Loop™ 기술은 색상이나 조성에 관계없이 가장 낮은 가치의 폴리에스터 폐기물도 재활용할 수 있어, 전통적으로 매립지나 소각로로 가는 섬유 폐기물에 대한 지속 가능한 솔루션을 제공합니다.
Loop Industries (NASDAQ:LOOP) a annoncé une collaboration tripartite avec Hyosung TNC et Pleatsmama pour produire du fil texturé tiré à 100% de matériaux recyclés pour des sacs à main en édition. L'initiative utilise la technologie de recyclage textile-à-textile Infinite Loop™ de Loop, qui transforme les déchets textiles en polyester mélangé de faible valeur en polyester de qualité vierge.
Cette collaboration représente une avancée significative dans la mode circulaire, Loop fournissant des chips de polyester recyclé, Hyosung TNC les transformant en fil haute performance et Pleatsmama créant des sacs à main écologiques. La technologie offre des avantages environnementaux considérables, réduisant les émissions de gaz à effet de serre jusqu'à 80% et nécessitant jusqu'à 91% moins d'énergie primaire non renouvelable par rapport à la production traditionnelle de polyester vierge.
Cette innovation répond à un besoin critique du marché, le polyester représentant environ la moitié du marché textile, atteignant une estimation de 71 millions de tonnes métriques en 2023. La technologie Infinite Loop™ peut recycler même les déchets de polyester de la plus faible valeur, quelle que soit leur couleur ou leur composition, offrant une solution durable pour les déchets textiles qui finissent traditionnellement dans des décharges ou sont incinérés.
Loop Industries (NASDAQ:LOOP) hat eine dreiseitige Zusammenarbeit mit Hyosung TNC und Pleatsmama angekündigt, um 100% recyceltes, texturiertes Garn für -Edition-Handtaschen herzustellen. Die Initiative nutzt die Infinite Loop™-Textil-zu-Textil-Recyclingtechnologie von Loop, die minderwertige gemischte Polyestertextilabfälle in Polyester von Jungqualität umwandelt.
Die Zusammenarbeit zeigt einen bedeutenden Fortschritt in der zirkulären Mode, wobei Loop recycelte Polyesterchips liefert, Hyosung TNC diese in leistungsstarkes Garn umwandelt und Pleatsmama umweltfreundliche Handtaschen kreiert. Die Technologie bietet erhebliche Umweltvorteile, indem sie die Treibhausgasemissionen um bis zu 80% reduziert und bis zu 91% weniger nicht erneuerbare Primärenergie im Vergleich zur traditionellen Produktion von Jungpolyester benötigt.
Diese Innovation adressiert einen kritischen Marktbedarf, da Polyester etwa die Hälfte des Textilmarktes ausmacht und 2023 voraussichtlich 71 Millionen metrische Tonnen erreichen wird. Die Infinite Loop™-Technologie kann sogar die wertlosesten Polyesterabfälle recyceln, unabhängig von Farbe oder Zusammensetzung, und bietet eine nachhaltige Lösung für textile Abfälle, die traditionell auf Deponien landen oder verbrannt werden.
- Technology reduces greenhouse gas emissions by up to 80% compared to virgin polyester production
- Requires 91% less non-renewable primary energy versus traditional methods
- Successfully integrates into existing supply chains without quality compromise
- Addresses large market opportunity with polyester representing 71M metric tons in 2023
- Can process low-value mixed polyester waste regardless of color or composition
- None.
Insights
This strategic collaboration represents a significant milestone in Loop Industries' commercialization journey, demonstrating real-world application of their Infinite Loop™ technology in a $71 million metric ton global polyester market. The partnership structure is particularly noteworthy - by combining Loop's recycling technology with Hyosung TNC's manufacturing expertise and Pleatsmama's brand presence, they've created a complete vertical integration model that could be replicated with other partners.
The technology's ability to process low-value mixed polyester waste, regardless of color or composition, addresses a critical gap in the current recycling infrastructure. Traditional mechanical recycling methods cannot handle these materials effectively, creating a substantial untapped market opportunity. The claimed environmental benefits - 80% reduction in greenhouse gas emissions and 91% decrease in non-renewable energy usage - position Loop favorably amid increasing regulatory pressure and corporate sustainability commitments.
The choice to launch with -edition handbags suggests a deliberate go-to-market strategy. This controlled rollout allows for real-world validation of the technology while managing production scale and quality control. Working with Hyosung TNC, a major player in textile manufacturing, provides valuable validation of the technology's compatibility with existing industrial processes - a important factor for widespread adoption.
However, key questions remain about scalability and cost-effectiveness. The success of this initial collaboration will be critical in attracting additional partners and demonstrating commercial viability at larger scales. The ability to process mixed textile waste could provide a significant competitive advantage, but the economics of collection, sorting, and processing will ultimately determine market penetration.
Loop Industries supplied
100% recycled, virgin-quality Polyester chips derived from low-value textile waste.Hyosung TNC transformed Loop Polyester chips into high-performance drawn textured yarn.
Pleatsmama crafted stylish, eco-friendly handbags emphasizing circular design principles.
MONTREAL, QC / ACCESS Newswire / February 23, 2025 / Loop Industries, Inc. (NASDAQ:LOOP) ("Loop"), a clean technology company dedicated to accelerating circular fashion by manufacturing
Hyosung leveraged its expertise in advanced materials to spin the yarn, ensuring premium quality and performance, while Pleatsmama transformed the yarn into stylish, sustainable handbags. This collaboration highlights the potential of circular fashion and innovative recycling technologies to drive sustainability across industries.
Loop's T2T polyester fiber is recognized for its virgin-quality properties, seamlessly integrating into existing supply chains and manufacturing processes without compromising on quality or aesthetics. The polyester also delivers significant environmental benefits, reducing greenhouse gas emissions by up to
Polyester, the most widely used fiber globally, accounts for approximately half of the textile market, reaching an estimated 71 million metric tons in 2023. This presents a significant challenge, as polyester fiber waste is not suitable for traditional mechanical recycling methods and often ends up in landfills or is incinerated. The Infinite Loop™ technology provides a solution by recycling even the lowest-value polyester waste, regardless of color or material composition, into
"Teaming with Loop Industries and our brand partner, Pleatsmama, marks a significant milestone in our efforts to support our customers in achieving their sustainability objectives and expanding solutions that benefit both current and future generations," said Chihyung Kim, CEO of Hyosung TNC. "We admire Loop for its high quality and its capacity to divert textile waste from landfills and incineration, while reducing the reliance on virgin polyester by minimizing raw material extraction."
"The collaboration with industry leaders such as Hyosung & Pleatsmama demonstrates the potential of our Infinite Loop™ technology to transition from linear to circular fashion," said Giovanni Catino, Vice President of Sales and Business Development of Loop. "By converting low-value mixed polyester textile waste into virgin-quality polyester, we're not only tackling the pressing issue of textile waste but also enabling brands to deliver premium products with a closed-loop solution that meets both quality and environmental standards."
1Life Cycle Assessment of Loop GEN II Infinite Loop France done by Franklin Associates, a division of ERG, compares kg for kg Loop PET vs. Virgin PET. CO2 savings are compared to the production of virgin PET made from fossil fuels and the avoided incineration of waste used as a feedstock.
About Loop Industries
Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Common shares of the Company are listed on the NASDAQ Global Market under the symbol "LOOP."
For more information, please visit www.loopindustries.com.
Follow Loop on X: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries
About Hyosung TNC
Hyosung TNC is a complete sustainable textile solutions provider that produces world-class products, providing continuous innovation to the textile industry. Hyosung is the world's largest manufacturer of spandex by market share supplying the broadest range of stretch fiber offerings supported by exceptional technology and quality under its CREORA® Spandex and regenTM brands. Hyosung's specialty nylon and polyester provide functional and sustainable fiber solutions that are essential to today's dynamic textile market. The company is proud Textile Exchange Partner-level Member and Ocean Network member. Visit our blog at blog.hyosungtnc.com for all the latest trend, event, and product updates. Hyosung can also be found on Instagram @hyosung_textiles and on LinkedIn at Hyosung Performance Textiles.
About Pleatsmama
PLEATSMAMA: Proposing a Beautiful and Sustainable Way of Life
PLEATSMAMA aims to present a lifestyle that is both beautiful and sustainable. By using eco-friendly materials that do not generate waste, the brand crates fashionable products for conscious consumers who care about the environment and themselves.
Forward-Looking Statements
This news release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "should," "could," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or "continue," the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop's market opportunity, its growth strategies, plans for use of proceeds, ability to improve and expand its capabilities and seek additional financing, and plans for future growth and future operations including expansion in Europe and advancing the joint venture in India. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products and to license our technology in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any Securities and Exchange Commission ("SEC") investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 29, 2024 filed with the SEC and in Loop's subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law.
For More Information:
Investor Relations:
Kevin C. O'Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com
Media Inquiries:
info@loopindustries.com
SOURCE: Loop Industries
View the original press release on ACCESS Newswire
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