Loop Industries Inc
NASDAQ:LOOP
Loop Industries Inc
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.
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.
India Project Progress: Loop’s Infinite Loop India facility remains on budget and on schedule, with construction expected to complete by the end of 2027.
Nike Anchor Contract: Nike has signed a multi-year, take-or-pay supply contract to be an anchor customer for the India facility, marking a major commercial milestone.
Revenue Outlook: Engineering work for both India and an upcoming European facility is expected to generate meaningful revenue and cover corporate expenses over the next several years.
Cost Management: Cash operating expenses dropped to $2.2 million in the quarter, down $1.1 million year-over-year, with more reductions expected as costs shift to joint ventures.
Strong Customer Pipeline: The India facility expects 5-6 customers in total, with additional agreements being negotiated with global CPG and apparel brands.
Debt & Equity Financing: Debt financing for the India project ($130 million) is progressing, and Loop’s expected equity contribution is $28 million.
European Expansion: The European plant is planned at similar scale (70,000 tons) and will benefit from modular construction and established utilities to keep costs competitive.
