NKE · News · 20260819N

ESG and Sustainability

NIKE, Inc. · 2026-08-19 · Importance 34 · Surprise 42

Nike reportedly has a multi-year letter of intent with Ester Loop Infinite Technologies for up to 15,000 metric tons per year of Loop PET Fiber Grade resin. The recycled polyester would be supplied from the joint venture's planned facility in India, which is expected to become operational in 2028. The commitment supports Nike's use of circular, textile-to-textile recycled polyester and represents a material sustainability-related sourcing initiative, although the digest does not disclose contract value or binding purchase obligations.

Key facts

• The multi-year LOI with Ester Loop Infinite Technologies follows a previous commitment from Nike to the project (the LOI covers up to 15,000 metric tons per year and the facility is expected to become operational in 2028). source