Loop Industries, Inc. - LOOP STOCK NEWS

Loop Industries has secured a multi-year supply agreement with Danone to provide Loop™ PET resin made from 100% recycled content. This 5-year deal will supply Danone brands, including evian, from the upcoming Infinite Loop™ manufacturing facility in Bécancour, Quebec, set to begin production in Q4 2024. This agreement reinforces Loop's commitment to a circular economy in packaging and highlights its successful technology validation, boosting its market position as a leader in sustainable plastics.

Loop Industries (NASDAQ:LOOP) announced its participation in three key investor conferences in May 2022. The conferences include the Wells Fargo Industrials Conference on May 4-5, the Oppenheimer's 7th Annual Emerging Growth Conference on May 10, and the Citi's Global Energy, Utilities, and Climate Technology Conference on May 10-11. Loop Industries focuses on sustainable PET plastic and polyester fiber, converting waste materials into high-quality products. This commitment supports the global transition towards a circular economy.

Loop Industries, based in Montreal, will have its CEO, Daniel Solomita, present at three major investor conferences in March 2022. These include the Raymond James Institutional Investors Conference on March 7, the 34th Annual Roth Conference from March 13-15, and the Gabelli Waste & Recycling Conference on March 31. Loop aims to promote a circular economy by producing 100% recycled PET plastic and polyester fiber. The company is also progressing on its Canadian facility in Bécancour and has established a joint venture with SK geo centric for further global expansion.

Loop Industries has selected Port-Jérôme in Normandy, France, for its first European Infinite Loop™ manufacturing facility, aiming to support sustainability objectives of consumer packaged goods companies. The facility is expected to produce 70,000 tonnes of virgin-quality PET resin from 100% recycled content annually, saving 255,000 tonnes of CO₂ emissions each year. With a capital investment of approximately €250 million, it will create 180 jobs and is anticipated to commence operations in about 18 months, following permitting and funding discussions with the French government.

Loop Industries reported an update on its Infinite Loop project, focusing on capital spending and engineering progress. The company initiated site preparation in Bécancour, Québec, and ordered long-lead equipment, aiming to align with Canada's 2030 plastic waste targets. Revenue remains unchanged, with a net loss of $10.1 million for Q3 2021, improved from $14.2 million a year prior. Research and development expenses rose to $6.8 million, partly due to increased headcount. CEO Daniel Solomita will discuss developments during a corporate call on January 12, 2022.

Loop Industries (NASDAQ:LOOP) will hold a corporate update call on January 12, 2022, at 11:00 a.m. ET to discuss financial results for Q3 2022, which are set to be released on January 11, 2022. The company specializes in producing 100% recycled PET plastic and polyester fiber, supporting the transition to a circular plastics economy. The call will be accessible through various dial-in options globally. Loop is committed to sustainability and innovation in plastic recycling, aiming to reduce dependency on fossil fuels and contribute to environmental efforts.

Loop Industries, a clean tech firm specializing in recycling PET, reported its Q2 fiscal 2022 results, revealing a net loss of $8.39 million, up from $5.13 million year-over-year. Total expenses reached $8.39 million, driven by higher R&D costs of $5.28 million. Notably, Loop launched the 'evian Loop' water bottle made from 100% recycled PET in partnership with evian, set to debut in South Korea in 2022. Additionally, a $56.5 million investment from SK geo centric has strengthened Loop's financial position, allowing advances in its Infinite Loop manufacturing facilities.

evian has launched a prototype bottle made from 100% recycled plastic using innovative technology from Loop Industries, marking a significant step toward its 2025 circularity goal. This partnership, ongoing for four years, allows for the recycling of low-value PET plastics into high-quality materials. The commercial rollout is set to begin in South Korea in 2022. The prototype bottles have been named 'evian Loop,' emphasizing their recycling potential. Both companies aim to minimize the use of virgin plastic, driving sustainability in the beverage industry.