The signed LOI follows a two-year period of collaboration between Loop and On, throughout which time a technical due diligence was completed, validating Loop’s technology and Loop™ PET resin was tested in On’s product. This partnership will provide On the ability to produce sustainable footwear and apparel using recycled materials and without the need for polyester fiber created from fossil fuels, which helps to reduce PET waste and the manufacturing footprint for On.
"Circularity is a main pillar in On’s sustainability process. We are happy to see that Loop is bringing their technology to commercial scale”, said Ilmarin Heitz, Head of Innovation at On. “This marks another huge step towards closing the fiber-to-fiber loop within the textile industry."
“Loop’s technology enables fiber to fiber recycling, providing brands like On with a closed-loop solution to their supply chain”, said Giovanni Catino, Vice President of Sales and Business Development. “We anticipate that 60% of the feedstock utilized at our planned commercial manufacturing facility in Ulsan to come from polyester fibers which presents a significant opportunity for circularity for this material."
