US sportswear giant Nike has announced two multi-year collaborations. The partners are the Canadian company Loop Industries and the Swedish recycler Syre. The brand is taking a further step in the area of circular materials. This emerges from separate press releases from the providers.
An offtake agreement was reached with Loop Industries from Montreal. In this, Nike undertakes to accept the manufacturer’s ‘Twist’ polyester. This is a virgin quality resin made from offcuts. Production will take place in a facility currently being built in India. Loop has already quantified the environmental benefits: up to 81 percent fewer greenhouse gas emissions and an annual CO₂ saving of 418,600 tons.
At the same time, there is a new agreement with the Swedish recycling company Syre. Syre is now a strategic partner for the supply of recycled polyester for all Nike performance lines. The company should be able to handle these volumes thanks to a global infrastructure. It starts with a factory in Vietnam, which is scheduled to be built in 2027. Syre uses a combination of old clothing and industrial textile waste as raw material for the recycled fabrics. Previously, other major purchasing contracts were concluded with the H&M Group, GAP Inc., Houdini Sportswear and Target.
For both recycling companies, Nike is now strategically important for growth and scale. Conversely, Nike can use the agreements to underpin its materials strategy and position itself as one of the first fashion manufacturers focused on a circular economy.
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