Loop Industries launches textile waste-based polyester resin

Published 30/07/2025, 21:38
Loop Industries launches textile waste-based polyester resin

MONTREAL - Loop Industries, Inc. (NASDAQ:LOOP), a small-cap company valued at $75.39 million that has seen its stock surge 25.71% in the past week, announced Wednesday the launch of Twist™, a circular polyester resin made entirely from textile waste, offering a sustainable alternative for the fashion and textile industries. According to InvestingPro data, the company’s stock has demonstrated strong momentum with a 30.51% return over the past six months.

The new product utilizes Loop’s patented depolymerization technology to break down polyester textile waste into its base monomers, which are then purified and repolymerized into a resin that is chemically identical to virgin polyester, according to the company’s press release. The company maintains a strong financial position, with InvestingPro analysis showing more cash than debt on its balance sheet and a healthy current ratio of 2.81, indicating solid short-term liquidity.

Loop Industries claims the production of Twist™ can reduce greenhouse gas emissions by up to 81% compared to fossil fuel-based resin, with potential savings of up to 418,600 tonnes of CO₂ emissions annually from a 70,000 tonne facility. These figures were independently validated by Franklin Associates, a division of ERG.

A key feature of Twist™ is its complete traceability through embedded chemical tracers that allow tracking of finished products back to their original waste textile inputs, providing verification of the recycling process.

"Twist™ represents a major step forward in closing the loop for textiles," said Giovanni Catino, Chief Revenue Officer of Loop Industries, in the statement.

The company plans to produce Twist™ at its Terrebonne facility and at the planned Infinite Loop™ India facility, which is strategically positioned to serve global textile and apparel brands. Loop Industries is currently advancing discussions with apparel brands for offtake from its planned India joint venture.

The resin is designed to be compatible with existing spinning and manufacturing infrastructure, allowing for integration into current production systems without significant modifications.

Loop Industries is a technology company focused on sustainable PET plastic and polyester fiber solutions. The company’s shares are listed on the NASDAQ Global Market under the symbol "LOOP." With a beta of 1.78, the stock shows higher volatility than the broader market. Investors seeking deeper insights into Loop Industries’ financial health, growth prospects, and additional ProTips can access comprehensive analysis through InvestingPro’s detailed research reports, available as part of its coverage of over 1,400 US equities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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