Loop Industries
Loop Industries, Inc., founded in 2010 by Daniel Solomita and headquartered in Terrebonne, Quebec, Canada, is a clean technology company...
Contact Details:
Have questions or need more information?
Company Overview
Solution:
Recycled PET (rPET) resin, polyester fiber, DMT (dimethyl terephthalate), MEG (monoethylene glycol)
| Industry | Recycling & Waste Management Technologies | Annual Turnover | ~$10-20 million |
|---|---|---|---|
| No. of Employees | 51 to 200 | Year of Establishment | 2010 |
About the Company :
Loop Industries, Inc., founded in 2010 by Daniel Solomita and headquartered in Terrebonne, Quebec, Canada, is a clean technology company focused on accelerating a circular plastics economy. Its patented Infinite Loop™ technology depolymerizes low-value and waste PET plastics and polyester fibers—such as bottles, packaging, carpets, textiles, and ocean plastics—into their base monomers (DMT and MEG). These monomers are purified and repolymerized into virgin-quality Loop™ branded rPET resin and polyester fiber, suitable for food-grade packaging and textiles. The process reduces carbon emissions by up to 70% compared to virgin PET production. Loop serves industries like consumer goods, textiles, and packaging, with partnerships including Danone (Evian), L’Oreal, and Coca-Cola. A joint venture with Ester Industries Ltd. in India, announced in 2024, aims to build a 70,000-tonne rPET facility by 2027, targeting the $28 billion DMT and MEG market. Listed on NASDAQ (LOOP), Loop drives sustainability through innovation and global expansion.
No Data Found