Since our founding in 2014, we’ve seen Loop grow from a scrappy startup to a publicly listed company with some of the world’s largest consumer goods brands as clients — and we haven’t lost our relentless drive to succeed.
Below are some of the major moments from our journey to date.
Daniel Solomita founds Loop Industries.
Generation I depolymerization technology invented and Pilot Plant established.
Generation II depolymerization technology invented.
Activated the second generation of our waste PET and polyester fiber technology.
Planned commercialization for 1st facility
~$35M equity financing
Off-take agreements with CPG brands PepsiCo, Danone, L’Oréal, L’Occitane.
EPC Construction Partnership.
Agreement to use Invista PET polymerization know-how and engineering services from Chemtex.
Partnership Agreement to develop first European Infinite Loop™ facility.
Closing of underwritten public offering of common stock, net proceeds of ~$25.1M
Registration of monomers, confirming purity entitling Loop to manufacture/import monomers into Europe.
Obtained No Objection Letter from the FDA indicating Loop PET is of a purity suitable for food contact use.
Investment of $56.5 M and strategic partnership for the commercialization of Loop’s technology across Asia