Small-cap company with a market cap of $75.39 million, Loop Industries has unveiled a new circular polyester resin made entirely from textile waste.

Called Twist, the polyester resin is designed to provide the fashion and textile industries with a sustainable alternative to virgin polyester. The product is created using Loop's patented depolymerization technology, which breaks down old polyester textiles into their core chemical components. These components are then purified and repolymerized, resulting in a resin that is chemically identical to polyester made from fossil fuels.

Giovanni Catino, Chief Revenue Officer, Loop Industries states, Twist is a major step forward in closing the loop for textiles. The company claims, production of Twist can reduce greenhouse gas emissions by up to 81 per cent compared to fossil fuel-based resin. These figures have been independently validated by Franklin Associates, a ERG division.

Twist features embedded chemical tracers that allow for complete traceability. This technology enables products to be tracked back to their original textile waste inputs, verifying the recycling process. The resin is designed to work seamlessly with existing spinning and manufacturing equipment, allowing for easy integration into current production lines without major modifications. It will be produced at Loop Industries' Terrebonne facility and at the planned Infinite Loop India facility. The India plant is strategically located to serve global textile and apparel brands.