Inditex, the multinational Spanish clothing company, has made a strategic investment in Loop Industries, Inc., a US polyester recycling start-up. Inditex, the owner of fashion brands including Zara, Bershka and Massimo Dutti, is the latest major apparel company to join Loop’s mission of creating infinite recycling of polyester..
Located in Montreal, Quebec, Loop Industrial is pioneering a proprietary technology that deconstructs waste polyester into its base chemicals, creating virgin-quality material for new PET plastics and fibers. The technology, dubbed ‘Infinite Loop™’, aims to provide a solution to the problem of plastic pollution, particularly polyester, which is one of the most widely used materials in the fashion industry..
Inditex’s involvement signals a significant step towards the broader adoption of circularity in the fashion industry. With its extensive global reach and influence in the fashion world, Inditex’s investment and collaboration with Loop Industrial could accelerate the transition towards a circular economy for textiles..
Key Highlights of the Investment:.
Strategic Partnership: Inditex and Loop Industrial will form a strategic partnership to drive innovation and implement sustainable practices across Inditex’s brands..
Circular Economy Approach: The investment aligns with Inditex’s sustainability goals of promoting a circular economy and reducing its environmental footprint..
Technology Implementation: Inditex plans to utilize Loop Industrial’s revolutionary technology to recycle polyester waste generated from its supply chain and retail operations..
Reduced Waste: By incorporating Loop’s technology, Inditex aims to minimize waste generation and significantly reduce its reliance on virgin polyester materials..
Transparency and Traceability: The collaboration will focus on enhancing transparency and traceability throughout the entire supply chain, ensuring accountability and fostering responsible production practices..
The strategic investment in Loop Industrial showcases Inditex’s commitment to driving positive change in the fashion industry. By joining forces with an innovative start-up like Loop, Inditex demonstrates leadership in adopting sustainable solutions and taking steps towards a more circular and environmentally conscious future..
