Industry News

LOOP INDUSTRIES ANNOUNCES CFO TRANSITION

Loop COO & CFO Nelson Gentiletti retiring, Andrew (Drew) Hickey appointed as CFO effective March 1, 2021.

PUBLISHED FEBRUARY 26TH, 2021

Loop Industries, Inc. (Nasdaq: LOOP) (the “Company” or “Loop”), a leading sustainable plastics technology innovator, today announced that Nelson Gentiletti is retiring, and as such is stepping down from his roles as the Company’s COO and CFO. Mr. Andrew (Drew) Hickey is appointed as CFO of the Company effective March 1, 2021. Nelson Gentiletti will remain with the Company until April 30 to ensure a smooth and successful transition of his responsibilities, which includes the completion of the Company’s year-end reporting.

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LOOP INDUSTRIES ANNOUNCES INDEPENDENT REVIEW CONFIRMING EFFECTIVENESS OF PATENTED TECHNOLOGY

Loop today released the key findings of two independent verification reports conducted in response to allegations made by a short-seller report published in October 2020. The first is a fully independent verification of Loop’s patented Gen II depolymerization technology by Kemitek, a not-for-profit independent research center with experience in the fields of green chemistry and chemical process scale-up. The second is an independent internal investigation of Loop’s working methods and compliance, commissioned by an Ad-Hoc Committee formed by its Independent Directors of the Board and conducted by law firm Osler, Hoskin & Harcourt, L.L.P.

PUBLISHED DECEMBER 10th, 2020

Independent testing by respected third-party research center confirms that Loop’s Gen II depolymerization technology is effective at producing pure monomers.

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Loop Industries Announces Closing of $24.0 Million Underwritten Public Offering of Common Stock

Loop Industries intends to use the net proceeds from the proposed offering for working capital and general corporate purposes, including continued investment in research and development for further innovation and funding ongoing operations.

PUBLISHED SEPTEMBER 23, 2020

Loop Industries, Inc. (NASDAQ:LOOP), a leading innovator in sustainable plastics technology, today closed its previously announced underwritten public offering of 1,880,000 shares of its common stock at a price to the public of $12.75 per share pursuant to an effective Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the "SEC"). In addition, Loop Industries has granted the underwriter a 30-day option to purchase up to an additional 282,000 shares of its common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, were approximately $24.0 million. All of the shares were offered for sale by Loop Industries.

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Loop Industries Announces Pricing of $24.0 Million Underwritten Public Offering of Common Stock

Loop Industries intends to use the net proceeds from the proposed offering for working capital and general corporate purposes, including continued investment in research and development for further innovation and funding ongoing operations.

PUBLISHED SEPTEMBER 21, 2020

Loop Industries, Inc. (NASDAQ:LOOP), a leading innovator in sustainable plastics technology, today announced the pricing of an underwritten public offering of 1,880,000 shares of its common stock at a price to the public of $12.75 per share pursuant to an effective Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the "SEC"). In addition, Loop Industries has granted the underwriter a 30-day option to purchase up to an additional 282,000 shares of its common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $24.0 million. The offering is expected to close on or about September 23, 2020, subject to customary closing conditions. READ MORE

LOOP INDUSTRIES AND SUEZ ANNOUNCE STRATEGIC PARTNERSHIP TO BUILD FIRST INFINITE LOOP™ FACILITY PRODUCING 100% RECYCLED AND INFINITELY RECYCLABLE PLASTIC IN EUROPE

Partnership to Meet the Needs of Global Brands Looking for 100% Recycled Content for Packaging, which can be Infinitely Recycled

PUBLISHED SEPTEMBER 10, 2020

Today, Loop Industries (Nasdaq: LOOP), a leading innovator in sustainable plastics technology, and SUEZ, a world leader in environmental services, announce plans to build the first Infinite Loop™ recycling facility in Europe. Based on enhanced recycling, the partnership will combine the resource management expertise of SUEZ and Loop’s unique breakthrough technology for the production of virgin quality, food grade, 100% recycled and infinitely recyclable plastic. Located in Europe, the new facility will offer a sustainable and truly needed solution to global consumer goods companies.

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LOOP INDUSTRIES COMPLETES ITS INFINITE LOOP™ ENHANCED RECYCLING TECHNOLOGY PACKAGE, READY FOR GLOBAL EXPANSION

Leveraging INVISTA/Chemtex polymerization know-how, Infinite Loop™ clears the path to meet global demand for PET resin and polyester polymer for fiber made from 100% recycled content, ensuring infinite recyclability

PUBLISHED SEPTEMBER 3, 2020

Loop Industries, a leading innovator in sustainable plastics technology, today announces an agreement with Chemtex Global Corporation to license the PET plastic and polyester polymer for fiber manufacturing know-how of INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT), in support of Loop’s strategy to commercialize its breakthrough depolymerization technology and begin its global roll-out of fully integrated Infinite Loop™ manufacturing facilities. Under the same agreement, Chemtex Global Corporation will provide engineering and design support for INVISTA’s polymerization know-how. READ MORE

Loop Industries Announces Signature of Multi-Year Supply Agreement with Beauty Leader L’Oréal

MONTREAL, QC / ACCESSWIRE / March 6, 2020 / Loop Industries, Inc. (Nasdaq: LOOP) announced today that they have entered into a multi-year offtake agreement with leading beauty industry brand L'Oréal to supply them with PET resin made of 100% recycled materials for their packaging needs.

PUBLISHED MARCH 6, 2020

This resin is to be supplied from Loop Industries' joint venture facility in Spartanburg, South Carolina with Indorama Ventures, a global integrated leader in PET plastic and polyester fiber manufacturing. The growing demand for Loop Industries' resin has driven the joint venture's decision to increase the facility\'s production capacity to 40 KT per year, thus enabling Loop Industries to broaden its array of partnerships and supply more brands with resin made from waste PET plastic and polyester fiber.

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L'OCCITANE Will Meet its 100% Recycled Bottles Goal Ahead of Schedule Thanks to Loop Industries

GENEVA, SWITZERLAND and MONTRÉAL, CANADA / ACCESSWIRE / November 13, 2019 / Loop Industries, Inc. (NASDAQ:LOOP), a leading sustainable plastics technology innovator, and L'OCCITANE en Provence, a global manufacturer and retailer of natural beauty and well-being products, today announced that they are expanding their supply agreement.

PUBLISHED NOVEMBER 13, 2019

Thanks to this extended partnership, L'OCCITANE expects to accelerate the transition to 100% sustainable PET plastic in all its bottles and thus meet its 2025 goal ahead of schedule. This represents a significant shift in the brand's efforts to achieve a circular economy that givespolluting materials a second life. READ MORE

How Canada-Based Company Loop Industries Turns Plastic Waste Into Reusable Packaging

This company turns shredded plastic and clothing into new bottles for Pepsi, Evian, and Coca-Cola

PUBLISHED AUGUST 6, 2019
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Loop Industries Announces Capital Infusion To Finance Next Phase Of Growth Strategy

Loop™ Industries, Inc. a leading sustainable plastics technology innovator, today announced that Toronto-based Northern Private Capital ("NPC") has made a binding commitment to purchase 4,093,567 shares of Loop's common stock at a price of $8.55 per share, for total net proceeds of approximately $35 million.

PUBLISHED MAY 29, 2019

After giving effect to the transaction, NPC will have a 10.5 percent ownership position in Loop's common equity. The transaction is expected to close in twelve business days, on or about June 14, 2018, subject to standard closing conditions, and in no event later than June 28, 2019. READ MORE

Loop Industries Completes And Expands Supply Agreement With Danone For 100% Sustainable PET

Loop Industries, Inc. (Nasdaq: Loop) (“Loop” or the “Company”), a leading technology innovator in sustainable plastic for packaging, today announced that it has completed a multi-year supply agreement with Danone SA (Euronext: BN) (“Danone”), one of the world’s leading global food & beverage companies.

PUBLISHED FEBRUARY 12, 2019

Danone will purchase 100% sustainable and upcycled Loop™ branded PET from Loop’s joint venture facility with Indorama Ventures Limited in the United States for use in brands across its portfolio including evian®, Danone’s iconic natural spring water..... READ MORE

Loop Industries and L'OCCITANE Sign Multi-Year Supply Agreement to Transition to 100% Sustainable PET Plastic

By incorporating Loop™ branded PET into its packaging, L'OCCITANE en Provence will achieve its goal of using 100% recycled plastic in its bottles by 2025 and Loop Industries will see its logo applied to all L'OCCITANE en Provence products containing Loop™ PET plastic.

PUBLISHED FEBRUARY 4, 2019

The L'OCCITANE Group, a global manufacturer and retailer of natural cosmetics and well-being products with five leading brands, and Loop Industries, Inc. (Nasdaq: LOOP), a leading technology innovator in sustainable plastic, announced today the signing of a multi-year take or pay supply agreement for Loop™ branded 100% sustainable PET plastic. The agreement will see L'OCCITANE en Provence start to incorporate Loop™ PET plastic into its product packaging as of 2022 and place the Loop logo on all packaging containing Loop™ PET plastic.... READ MORE

Loop Industries And Thyssenkrupp Sign Global Alliance Agreement To Transform The Future Of Sustainable Pet Plastic Manufacturing

Global Alliance Agreement aims to combine Loop Industries’ depolymerization technology with thyssenkrupp Industrial Solutions’ PET Melt-To-Resin® technology

PUBLISHED DECEMBER 19, 2018

Loop Industries, Inc. a leading technology innovator in sustainably produced plastic, and thyssenkrupp Industrial Solutions' division, Uhde Inventa-Fischer GmbH, a leading global polyester technology provider and polyester plant engineering firm, today announced a strategic alliance expected to shape the future of PET and Polyester manufacturing..... READ MORE

Plastic Water Bottles, Which Enabled a Drinks Boom, Now Threaten a Crisis

Facing a consumer backlash and stricter regulation, companies are trying to do what's eluded them for years: make a better bottle

PUBLISHED DECEMBER 12, 2018

ÉVIAN-LES-BAINS, France—Bottled water, which recently dethroned soda as America's most popular beverage, is facing a crisis. A consumer backlash against disposable plastic plus new government mandates and bans in places such as zoos and department stores have the world's biggest bottled-water makers scrambling to find alternatives.... READ MORE


Article by Lauren Phipps

How Loop Industries Is Becoming The 'Intel Inside' Of The Circular Plastics Economy

Fingers holding a microchip next to a hand holding plastic pellets. Allow us the apples-to-oranges comparison to get the conversation started about how to rethink making and remaking plastic.

PUBLISHED OCTOBER 17, 2018

One of the big, thorny challenges in circular plastics is how to affordably turn old plastic into new feedstock. As more companies commit to producing plastic packaging from recycled materials, the question remains about where all the recycled feedstock will come from.... READ MORE

Pepsico And Loop Industries Sign Multi-Year Supply Agreement For Loop Branded 100% Sustainable Plastic

PepsiCo secures production capacity from Loop's joint venture facility in the United States. Loop provides innovative, new technology for PepsiCo to bring to market sustainable packaging based on 100% recycled content.

PUBLISHED OCTOBER 10, 2018

Loop Industries, Inc. (Nasdaq: LOOP), a leading technology innovator in sustainable plastic and PepsiCo, Inc. (NASDAQ: PEP) today announced that they have entered into a multi-year supply agreement that will enable PepsiCo to purchase production capacity from Loop's joint venture facility in the United States and incorporate Loop™PET plastic, which is 100% recycled material, into its product packaging... READ MORE



Indorama Ventures And Loop Industries JV To Introduce New Era In PET And Polyester Recycling

Indorama Ventures' world-class manufacturing and Loop's state-of-the-art recycling technology combined to invest in multi-billion dollar sustainable PET resin and polyester market opportunity

PUBLISHED 24 SEPTEMBER 2018

Bangkok, Thailand, and Montreal, Quebec (September 24, 2018) - Indorama Ventures Public Company Limited (Bloomberg ticker IVL.TB), one of the world's leading petrochemical companies, and Loop Industries, Inc. (Nasdaq: LOOP), a leading technology innovator in sustainable plastic resin and polyester today announced a joint venture to manufacture and commercialize sustainable polyester resin to meet the growing global demand from beverage and consumer packaged goods companies. ... READ MORE

L'Oréal Group set to close the 'Loop' with sustainable cosmetics packaging

L'Oreal is to use an upcycled plastic for its cosmetics packaging

PUBLISHED 31 JULY 2018

The L'Oréal Group has announced its intention to be the first major cosmetic company to use packaging made from a revolutionary recycled and upcycled PET resin.

Partnering with Canada-based Loop Industries Inc., L’Oreal plans to incorporate ‘Loop PET’, a virgin-quality polyester resin made from waste plastics, into its packaging for the United States and Europe, with a supply agreement expected by the end of autumn ... READ MORE


Article by Afdhel Aziz

How Loop Industries Is Becoming The 'Intel Inside' Of The Circular Plastics Economy

One of the biggest challenges facing the health of our shared rivers, oceans and ecosystem today is the failure to manage plastic

PUBLISHED JULY 24, 2018

One of the biggest challenges facing the health of our shared rivers, oceans and ecosystem today is the failure to manage plastic: that versatile and nearly indestructible material so often used for only moments but can persist for centuries. The planet is choking on it in many forms including bags, bottles and straws. 93% of plastics are produced using fossil fuels, and global oil consumption for plastics is expected to increase from 6% ... READ MORE

In The Loop: Meet the Montreal Start-Up at the forefront of the Circular Economy Revolution

evian have pledged to become completely circular by 2025. To highlight the importance of this, VICE Impact are following their journey as they overcome the hurdles to make this a reality.

PUBLISHED JULY 09, 2018

Currently, just 14 percent of the world’s plastic packaging is collected for recycling, the rest is lost after a single use. Made using fossil fuels, the way plastic is currently produced, used, and dumped is damaging to our environment. While imagining a world without plastics is nearly impossible, rethinking plastic usage ... READ MORE


PHOTOGRAPHY COURTESY OF IMPACT.VICE.COM

The evian impluvium on the plateau de Gavot
PHOTOGRAPHY COURTESY EVIAN, BY HERVÉ SCHMELZLE

Evian and Loop Industries: Starting a Revolution in Plastic Recycling

An innovative recycling method invented in a garage is offering a solution to plastic waste.

PUBLISHED JUNE 13, 2018

BORN FROM THE powerful petrochemical fusion of monomers into polymers, plastic is one of the most ubiquitous and useful materials man has ever made. It’s also very hard to undo. Most plastics do not decompose easily or quickly, instead they require either intense pressure or intense heat to break them down—and that is not a viable option for recycling the vast quantity of waste plastic that is accumulating in our landfills and oceans. Every year another 350 million tons of new plastic ... READ MORE