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Q4 2024

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30 May, 2024
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17 Jan, 2024
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Loop Industries Inc. is a technology company with a focus on environmental sustainability, specifically in the recycling of polyethylene terephthalate (PET) plastics and polyester fibers. Utilizing its proprietary technology, Loop Industries depolymerizes waste PET plastics and polyester fibers, including difficult-to-recycle items such as colored, transparent, and even ocean plastics that have been degraded by the sun and salt. This process breaks these materials down to their base building blocks, which are then polymerized into virgin-quality PET resins. These resins are suitable for use in food-grade packaging, such as water and carbonated soft drink bottles, as well as containers for food and other consumer products. Additionally, the company's technology allows for the production of polyester fibers for textiles, clothing, and apparel. The company is headquartered in Terrebonne, Canada, and its shares are listed on the Nasdaq.