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