Loop Industries, Inc.

Loop Industries, Inc. is a technology company focused on sustainable PET plastic and polyester fiber. The company owns patented and proprietary technology that breaks down no and low-value waste PET plastic and polyester fiber, including plastic bottles, packaging, carpets, and clothing, into its base building block monomers: DMT and MEG. These monomers are then separated, purified, and polymerized to create virgin-quality Loop™ branded PET resin suitable for food-grade packaging and polyester fiber. This process allows Loop™ PET plastic and polyester fiber to be recycled infinitely without quality degradation. Loop Industries plans to commercialize its Infinite Loop™ technology by developing facilities globally through direct investments with strategic partners and technology licensing. As an initial step, the company has operated its Terrebonne, Québec depolymerization production facility for five years, demonstrating its technology and supplying Loop PET resin and polyester fiber to customers, while also conducting research and development. Loop is currently executing its commercialization strategy through two key strategic partnerships. The company is developing an Infinite Loop™ manufacturing facility in India through a 50/50 joint venture with Ester Industries Ltd. This facility is planned to have a production capacity of 70,000 tons per year of Loop branded PET resin and polyester fiber.