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Pioneering Technology Transforms Low-value PET and Polyester Into Sustainable Materials, Promoting Circular Economy Solutions

Loop Industries, Inc. Elevates Industry Standards with Pioneering Sustainable Technologies

Polyester/PET recycler Loop Industries signs MoU with European investment firm Reed; Reed to provide US$66M, with US$33M to fund Loop's technology commercialization globally, and the other US$33M to fund their JV for European commercialization

Loop Industries, Bormioli Pharma announce a pharmaceutical bottle manufactured with 100% recycled virgin-quality Loop PET resin will be unveiled at Pharmapack Europe 2024; tests show bottles do not release any substance deemed of toxicological relevance

Loop Industries' PET resin compliant with US and European pharmacopeia standards for pharmaceutical packaging; company's 100% recycled PET resin also suitable for food and cosmetic packaging, along with textile applications

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