An independent Life Cycle Impact study on PET production using Loop’s technology versus the traditional manufacturing of virgin plastic made from fossil fuels demonstrates that our technology has:
63% less impact with respect to Global Warming
79% less impact w.r.t. Ozone Depletion
88% less impact w.r.t. Smog
86% less impact w.r.t. Solid Waste
97% less impact w.r.t. Non-cancer-related toxicity
85% less impact w.r.t. Ecosystem Toxicity
88% less impact w.r.t. Acidification
80% less impact w.r.t. Non-renewable energy demand
92% less impact w.r.t. Eutrophication
83% less impact w.r.t. Respiratory effects
(compared to 2014)
Source Ellen MacArthur
Our technology is helping partner brands reach and exceed sustainable development goals set by the United Nations. We foster:
"The New Plastics Economy Global Commitment unites businesses, governments and other organisations behind a common vision and targets to address plastic waste and pollution at its source. It is led by the Ellen MacArthur Foundation in collaboration with UN Environment. Launched in 2018, the Global Commitment already has more than 450 signatories committed to keeping plastics in the economy and out of the environment.”– Ellen MacArthur Foundation
Loop Industries is a proud signatory of the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment since 2018, and is committed to increase the available supply of PET plastic and polyester fiber made from 100% recycled content for use by consumer goods companies by 2025. By helping divert low and no-value waste PET from landfills and oceans, our technology is aligned with the Ellen MacArthur Foundation’s goal to build a sustainable circular plastics economy....
The achievement of this objective is supported by the development of our first commercial facility, which is expected to be commissioned in the first half of calendar year 2022 in Spartanburg, South Carolina. This facility is being engineered to for a capacity of 40,000 metric tons of sustainable, Loop™ PET resin made from 100% recycled PET plastic and polyester fiber, which is largely subscribed by leading consumer brands.
In addition, Loop Industries is planning to expand its technology through Infinite Loop™, a fully integrated greenfield manufacturing solution that combines Loop's proprietary depolymerization technology with a polymerization process. Loop Industries is focused on the development of the first Infinite Loop™ facility project in Europe, expected to be commissioned in 2023.
Loop Industries also continues to deliver on its commitment to innovation through continuous improvement at its pilot plant and research and development center, located in Quebec, Canada. As a signatory member of the New Plastics Economy Global Commitment, we look forward to driving change and achieving a truly circular plastics economy.