LOOP INDUSTRIES INC (LOOP)

Company Profile

Loop Industries, Inc. focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. The company is headquartered in Terrebonne, Quebec and currently employs 70 full-time employees. The company went IPO on 2012-09-27. The firm owns patented and proprietary technology that depolymerizes noand low-value waste polyethylene terephthalate (PET) plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. Its Infinite Loop provides an end-to-end industrial solution to supply the global demand for Loop PET resin made from recycled content. Loop PET plastic and polyester fiber can be recycled infinitely. The firm reduces plastic waste and recovering waste plastic.

Company Info

LOOP INDUSTRIES INC

480 Fernand-Poitras St

Terrebonne QUEBEC J6Y 1Y4

P: 14509518555

CEO: Daniel Solomita

Employees: 70

Website: https://www.loopindustries.com/