Loop Industries Inc

NASDAQ:LOOP

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 84 full-time employees. The company went IPO on 2012-09-27. The firm owns a technology that depolymerizes 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 Loop branded PET resin suitable for use in food-grade packaging and polyester fiber. Its Generation I technology (GEN I) is a hydrolysis-based depolymerization technology, which yields purified terephthalic acid (PTA) and monoethylene glycol (MEG), two common monomers of PET. Its Generation II technology (GEN II) is a methanolysis-based depolymerization technology that uses temperatures below 90 °C to depolymerize waste PET and polyester fiber. The company uses waste PET plastic and polyester fiber as feedstock. Loop Canada Inc. is its subsidiary.