Loop Industries (NASDAQ:LOOP) (NASDAQ:LOOP) is a technology company focused on the development and commercialization of a patented depolymerization process that breaks down waste polyethylene terephthalate (PET) plastic and polyester fiber into their base building blocks. Using low-energy, low-temperature hydrolysis, Loop Industries transforms these waste materials into high-quality, virgin-grade PET resin and polymer. The company’s proprietary process enables infinite recycling of PET plastic, reducing reliance on fossil fuel–derived feedstocks and contributing to a circular economy for plastics.
At the core of Loop Industries’ offering is its Loop™ technology, which converts colored, opaque, or crystalline PET plastic and polyester fiber into Loop Prime™ PET resin and Loop Fresh™ food-grade PET resin suitable for use in food and beverage packaging. By licensing this technology to major brand owners and packaging producers, Loop aims to scale its operations rapidly and address the growing global demand for sustainable packaging solutions. The process has the potential to significantly reduce greenhouse gas emissions and reliance on virgin plastic production.
Headquartered in Terrebonne, Quebec, with additional offices and pilot facilities in the United States, Loop Industries serves customers across North America, Europe and Asia. The company has established partnerships with leading players in the recycling and packaging industries to build commercial-scale facilities and expand its technology footprint. Through collaborative ventures and licensing agreements, Loop seeks to deliver fully integrated recycling loops for beverage, food and consumer goods packaging.
Founded in 2014 by Daniel Solomita, who serves as President and CEO, Loop Industries is led by a management team with deep expertise in chemical engineering, materials science and sustainable manufacturing. Under their guidance, the company continues to advance its technology, secure strategic partnerships and pursue regulatory approvals for food-grade applications. Loop Industries is positioned to play a pivotal role in the transition toward a more circular plastics economy.
