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Media advisory - Minister Guilbeault to make an announcement on plastic recyclability and compostability
2022-07-21 14:00:13.987 GMT
Media advisory - Minister Guilbeault to make an announcement on plastic
recyclability and compostability
Canada NewsWire
TERREBONNE, QC, July 21, 2022
TERREBONNE, QC, July 21, 2022 /CNW/ - Media representatives are advised that
the Honourable Steven Guilbeault, Minister of Environment and Climate Change,
will make an announcement on plastic management. The Minister will be holding
a press conference alongside Mr. Giovanni Catino, Vice-President of Loop
Industries. This will be followed by a tour of the plant.
Event: Press conference and tour
Date: Monday, July 25
Time: 9:00 a.m. (EDT)
Location: Loop Industries
480 Fernand Poitras Street
Terrebonne, Quebec J6Y 1Y4
Raymond James Starts Loop Industries (LOOP) at Outperform
sets $19.50 price
I feel a SQUEEZE
Technology has solid. The company is solid. There is no other viable competition in the marketplace. Unlimited potential
LOOP Industries. Perfectly positioned. 42.4 outstanding. 9.2% short. Solid proven technology. No viable competition.
Short seller BS. Technology is solid.
Good article. Long for LOOP!
Canbiola Finalizes Asset Purchase Agreement with Seven Chakras
7:57 AM ET, 02/27/2019 - GlobeNewswire
Attains Proprietary CBD Formulations
HICKSVILLE, NY, Feb. 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: CANB) (“Canbiola” or the “Company”), a developer, manufacturer and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, vapes, isolate, gel caps and concentrate, announced today that its wholly owned subsidiary Pure Health Products (PHP) finalized its asset purchase agreement (APA) with Seven Chakras, LLC.
Under the terms of this APA, which was entered into January 31, 2019, Canbiola acquired the rights and title to Seven Chakras’ proprietary formulas, methods, trade secrets related to the manufacturing of Seven Chakras products containing cannabidiol (CBD). This also includes tradename, domain name, and social media sites and other assets of Seven Chakras including but not limited to raw materials, packaging, equipment, marketing materials, and mailing lists.
Seven Chakras will use their proprietary technology to infuse CBD into various consumer products, tinctures (full spectrum), salves, gels, bath (hemp massage oil) and hemp capsules products.
“We believe this agreement will further strengthen and enhance Canbiola’s brand, distribution and footprint by integrating this CBD product portfolio with our current products and work towards our mission to be the premier provider of the highest quality Hemp natural products on the market,” said Marco Alfonsi, Chief Executive Officer of Canbiola.
In connection with the transaction, the Company has filed a Current Report on Form 8-K on February 26, 2019 with the SEC, which includes a copy of the Asset Purchase Agreement.
Canbiola, Inc. (OTCQB: CANB) Announces the Formation of a New Wholly Owned Subsidiary- DuraMed, Inc.
10:34 AM ET, 01/24/2019 - GlobeNewswire
HICKSVILLE, NY, Jan. 24, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: CANB) announces the formation of a new wholly owned subsidiary- DuraMed, Inc.
In an effort to expand its product offering within the medical and wellness segments of the CBD industry, Canbiola has launched DuraMed, Inc., as a wholly owned subsidiary. DuraMed is a medical device company that provides equipment and services to both medical offices as well as direct to consumer. All DuraMed products will be FDA approved, non-invasive, consumer-friendly, and will focus upon aiding in quicker injury recovery as well as pain relief.
In conjunction with this newest vertical, Pure Health Products, Inc. (Pure Health), Canbiola’s laboratory and production facility in Lacey WA, will be supplying DuraMed with its first consumer products. Additionally, Pure Health and Canbiola have just closed an agreement with Hudilab, Inc., to acquire the technology and intellectual property to produce transdermal pads for use with medical devices such as Transcutaneous Electrical Nerve Stimulation (TENS) units. Anyone who has ever suffered from chronic back, knee or joint pain has likely found that the TENS unit technology can deliver pain relief and can be used at home. The technology acquisition from Hudilab provides the ability in infuse the TENS pads with effective dosages of CBD. This technology allows multiple uses of the pads without losing adhesion while allowing the hemp-derived therapeutic compounds (botanicals) in the CBD to attack the pain and be absorbed into the system.
As Canbiola’s CEO Marco Alfonsi says, “This is an incredible breakthrough in pain relief and wellness technology. By taking the proven medical device technology in the TENS unit and combining it with the proprietary CBD compounds developed by Canbiola is truly game-changing!”
According to Hudilab’ s CEO Frank Horwich, “Canbiola is creating a new category of CBD wellness products. Combining CBD with established and well recognized ‘medical devices’, Canbiola is now able to deliver a treatment that delivers the best of both technologies.” Mr. Horwich added, “This positions Canbiola to dominate a newly emerging sector in the CBD via creating new modalities of treatment incorporating CBD and medical devices proven to reduce pain and inflammation.”
According to Mr. Alfonsi, “We believe market conditions are optimal for a CBD delivery system to be combined with the popularity of the TENS units. These CBD infused pads are a technology breakthrough. There are hundreds of thousands of TENS units from scores of manufacturers in use today and the ability to provide the pads with CBD is huge.” Mr. Alfonsi continued, “The Pure Health facility is geared up for major production and expects its first of many orders shortly.”
Lastly Mr. Ferro, President of Pure Health, added, “To have a nationally recognized cannabis industry professional as Mr. Horwich available to Pure Health provides the company with a level of knowledge and an unprecedented technical and practical resource on the new product development team that will facilitate and excite our production plans well into the future.”
Hudilab, Inc. is a Colorado-based new technology developer in the expanding use of industrial hemp derived CBD opportunities. The Hudilab team are leaders in combining the medical benefits CBD with medical technology and improving its effectiveness. The company, as well as Mr. Horwich, have worked in conjunction with some of the largest universities and development laboratories in the USA with expanding the knowledge base and use of cannabis products. Additionally, Hudilab is active with several South American countries in development of hemp opportunities.
Loop Industries Issues Letter to Shareholders
7:30 AM ET, 01/16/2019 - GlobeNewswire
MONTREAL, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Loop Industries, Inc. (Nasdaq: LOOP) (“Loop” or the “Company”), a leading technology innovator in sustainable plastic, today issued the following open letter to shareholders:
Dear Fellow Shareholder,
As we begin the start of a new calendar year, I would like to take a moment to review the many successes we achieved and milestones we reached in 2018. In the pages that follow I provide an update of the current state and trajectory of the plastic crisis, the further developments made with Loop’s breakthrough technology, the progress made along Loop’s commercialization strategy, the demand from and agreements with customers, and the team and organizational development undertaken to enhance our ability to execute each aspect of Loop’s growth plan.
These successes are why I believe that Loop is better positioned than ever to create shareholder value by seizing a massive opportunity and helping to solve a global plastic crisis.
The Plastic CrisisAstonishing facts and figures continue to inform a demand for action to address the plastic crisis. Consider the estimate from the University of Georgia that reports eight million metric tonnes of plastic waste flows into our shared oceans every year, and that, according to The New Plastics Economy, by 2050 more plastic waste is expected to be present in the ocean than fish (by mass). Couple this information with the global annual market demand for PET plastic and polyester fiber at nearly $130 billion, and the current growth projections from the 2018 IHS Polymer Markit Report indicating this will exceed $160 billion by 2022, and you quickly see the scale of the crisis facing our shared environment and economy.
And the world is responding. Trends in regulation, media, consumer demand and brand owner commitments abound. Consider just a few of the developments in 2018:
The proposed European UnionDirective on the reduction of the impact of certain plastic products on the environment will require that PET plastic bottles contain 25% recycled content by 2025 and 30% by 2030. In addition, country-level regulations, such as those in France, propose to increase the price of single-use plastic containers that use virgin PET plastic to discourage consumers from buying packaging that does not contain recycled content.Plastic pollution continues to be one of the most persistently covered environmental issues by media and local and global environmental non-governmental organizations.Global consumer goods companies have made ambitious pledges to make the transition to a circular plastic economy. For instance, in January 2018, evian® committed to a 100% recycled content package by 2025, and Coca-Cola committed to a 50% recycled content package by 2030. Also in 2018, PepsiCo committed to a 25% recycled content package by 2025 and Nestle Waters committed to a 50% recycled content package by 2025.
These trends and factors continue to support our thesis that the transformation from a linear to a circular plastic economy is necessary, inevitable and profitable because the demand for sustainable, cost-effective, marketable Loop™ PET plastic resin and polyester fiber is substantial.
Loop’s TechnologyThe power of Loop’s technology lies in its ability to divert and recover what is currently considered plastic waste from landfills, rivers, oceans and natural areas for use as feedstock to create new, sustainable, infinitely recyclable Loop™ PET plastic resin and polyester fiber. Loop’s technology can deliver a cost-effective virgin quality PET plastic resin that is cleared for use in food-grade packaging.
But we did not get here overnight. For several years the Loop team worked diligently on our Generation I technology, a process that yielded polyethylene terephthalate (“PTA”) and monoethylene glycol (“MEG”), two common monomers of PET plastic, through depolymerization. While monomers were of excellent purity and strong yield, we continued to challenge ourselves to drive down cost and eliminate inputs. It was during this process that we realized we could eliminate water and chlorinated solvents from the purification process, reduce the number of reagents from five to two and reduce the number of purification steps from 12 to four – if we shifted from the production of PTA to the production of dimethyl terephthalate (“DMT”), another proven monomer of PET plastic that is far simpler to purify.
And so, in September of 2017, I instructed the team to transition fully from the development of our Generation I PTA technology to our Generation II DMT technology. We successfully completed this transition in June 2018 when we activated our newly built Generation II industrial pilot plant which continues to see consistently high monomer yields and excellent purity.
This shift, from producing the monomer PTA to the monomer DMT was a pivotal moment for Loop. The Generation II technology is more cost-effective, easier to commercialize, more economical for our customers and, because it requires fewer energy and resource inputs than conventional PET production processes, we expect it to be one of the most environmentally sustainable methods for producing virgin quality food-grade PET plastic in the world. We believe this enhances our value proposition.
We also took careful steps to have our technology reviewed and vetted by independent experts and ensured that we protected this breakthrough intellectual property.
All of the industry partners who have completed due diligence on our technology have come to the same conclusion independently – that Loop’s technology is efficient at depolymerization, filtration and purification of our monomers and our process output yield is excellent. In addition, the engineers and polymer scientists working with our many customers have conducted due diligence on our technology before committing to buy Loop’s products.
To protect Loop’s technology, and in addition to the patents we hold for Loop’s Generation I technology, we have patents pending for Loop’s Generation II technology in the US, EU and jurisdictions around the world. Freedom to Operate searches have also been conducted that indicate no conflicts with any of our existing patents or applications and we adhere to rigorous internal data and confidentiality controls.
But this is not enough. In 2018, we successfully undertook to secure opinions of regulatory clearance for Loop’s Generation II monomers. I can confirm that, according to our lawyers, the monomers produced through Loop’s technology are cleared for use in the production of PET resin for use in food-grade packaging in the United States, European Union, China, India and Japan. Our lawyers at Keller and Heckman LLP provided the opinion for the European Union and our lawyers at Wiley Rein LLP provided the opinion for the United States, China, India and Japan.
The use of mechanically recycled PET for food grade applications in India is not permitted, and in Japan and China is highly inadvisable for a variety of reasons including the perception of contamination from mechanically recycled sources. We believe that means that Loop™ PET plastic resin and polyester fiber has a distinct advantage in these markets, which represent nearly three billion people or approximately 38% of the global population. Demand from PET manufacturers and global consumer goods companies in these regions has been significant for Loop.
Commercialization ProgressBringing Loop™ PET plastic resin and polyester fiber to market is very exciting – and in 2018, we made tremendous strides that bring Loop closer to realizing the three major streams of revenue we expect this will generate. These revenue sources are expected to be from the sale of Loop™ PET plastic resin and polyester fiber to customers from our joint venture with Indorama Ventures Limited (“IVL”), license fees from Loop’s Waste-to-Resin (“WtR™”) facilities and development fees from the sale and construction of WtR™ facilities around the world. In 2018, we secured key partners, completed agreements with global consumer brands, built our brand and continued to secure the feedstock needed to support Loop’s commercial success.
ProductionThere are two principal modes planned for commercializing production of Loop™ branded PET plastic resin and polyester fiber. These include the retrofit of existing PET production facilities and the development of greenfield integrated WtR™ facilities around the world, which are described here.
In September of 2018, we announced a joint venture with IVL to manufacture and commercialize sustainable polyester resin to meet the growing global demand from beverage and consumer packaged goods companies. The 50/50 joint venture has an exclusive world-wide license to use Loop’s technology to retrofit existing IVL facilities, so each can produce 100% sustainable Loop™ PET plastic resin and polyester fiber. Indeed, the first facility, anticipated to begin commercial production in Q1 2020 in the eastern United States, is expected to be fully subscribed by leading global consumer brands, and IVL is in the process of identifying additional facilities suitable for retrofit.
Partnering with, what I believe to be, the world’s foremost PET plastic resin manufacturer helps bring Loop™ PET sustainable plastic resin and polyester fiber to market more quickly and further emboldens the confidence of our customers to sign multi-year supply agreements and term sheets with Loop. These customers include Danone, PepsiCo, Coca-Cola’s Cross Enterprise Procurement Group, L’Oreal and others.
To drive our WtR™ solution, which is a key pillar of Loop’s commercialization blueprint, December 2018 saw Loop enter into a Global Alliance Agreement with thyssenkrupp Industrial Solutions (“tkIS”) aimed at transforming the future of sustainable PET plastic manufacturing by combining Loop’s breakthrough depolymerization technology with tkIS’s PET Melt-To-Resin® technology. As one of the world’s leading PET and polyester engineering companies, tkIS is perfectly positioned to help Loop commercialize its WtR™ solution – a fully integrated and reimagined manufacturing facility for Loop™ PET plastic resin and polyester fiber.
We believe the WtR™ solution will result in a highly scalable recurring revenue licensing model to supply the global demand for 100% sustainable Loop™ PET plastic resin and polyester fiber, allowing us to rapidly penetrate and transform the plastic market and fully capitalize on our disruptive potential to be the leader in the circular economy for PET plastic. This fundamentally changes where and how PET plastic resin production occurs - no longer does PET plastic resin production need to be bound to fossil fuels and fossil fuel infrastructure. WtR™ facilities could be located near large urban centers where feedstock is located, and transportation and logistics costs could be significantly reduced as the distance between feedstock, manufacturing and customer use is collapsed.
We believe the proposition for those seeking a turn key solution to manufacture Loop™ PET plastic resin and polyester fiber, such as chemical companies, waste managers, existing recyclers and even consumer good companies around the world is compelling. We further believe this will create a recurring licensing revenue stream for Loop while expanding the capacity of Loop™ PET plastic resin and polyester fiber in the marketplace to meet the substantial demand from consumer goods companies.
Supply Agreements with Global Consumer Brands Consumer brands are seeking a solution to their plastic challenge – and they are taking bold action. In the past year we have seen major brands make major commitments to close the loop on their plastic packaging in two ways, by transitioning their packaging to recyclable materials and by incorporating more recycled content into their packaging. We believe Loop™ PET plastic resin and polyester fiber provides the ideal solution for these brands because Loop™ PET plastic resin and polyester fiber is recyclable and contains 100% recycled PET and polyester fiber content with virgin quality suitable for use in food-grade packaging. That means consumer packaged goods companies can now market packaging made from a 100% Loop™ branded PET plastic resin and polyester fiber.
That is why in 2018 we delivered a significant number of announcements with some of the world’s leading brands. Here is a list of the agreements we have released publicly:
Strategic initiative with evian® as part of a long-term Danone global partnership, to enable evian’s® 100% “circular approach” to plastic usage by 2025. The agreement was the result of 18 months of positive collaboration with evian® and the R&D and purchasing teams of its parent company Danone;Multi-year supply agreement with PepsiCo, one of the largest purchasers of recycled PET plastic, enabling them to purchase production capacity from Loop’s joint venture facility with Indorama Ventures Limited in the United States and incorporate Loop™ PET plastic resin into its product packaging by early 2020;Multi-year supply framework with the Coca-Cola system’s Cross Enterprise Procurement Group to supply 100% recycled and sustainable Loop™ PET plastic resin from Loop’s joint venture facility with Indorama Ventures Limited in the United States to authorized Coca-Cola bottlers who enter into supply agreements with Loop;Free new program that allows consumers of Gatorade Gx, a subsidiary of PepsiCo, to return used Gatorade Gx pods to Loop where the PET from the pods are processed using Loop’s technology to make Loop™ PET plastic resin and polyester fiber and all other recyclable components are sent for recycling; andLetter of Intent with L’Oréal Group, the global leader in the beauty industry setting the stage for L’Oréal to work towards becoming the first major cosmetics company in the world to close the loop on their PET plastic packaging by incorporating Loop™ PET.
We look forward to announcing more supply agreements in the coming months.
Brand Building and MediaWe believe the Loop brand stands for sustainability, responsibility, innovation and growth. These values are highly sought after by our customers and partners and are why they have begun to activate the Loop brand through their own brand and product marketing, one of the three key pillars of our brand building strategy that also includes corporate brand building and recruiting and empowering key opinion leaders to amplify the Loop brand.
That is why consumer brands embrace the Loop logo and agree to place it on products containing Loop™ PET plastic resin and polyester fiber, why we work to create awareness about the plastic problem, why we help promote recycling and why we explain that the plastic package can now be seen as a symbol of hope and not the problem.
This approach has led to a significant upswell in brand awareness and media coverage throughout 2018. We received a record number of invitations to conferences and events large and small to share the Loop story and have seen the Loop brand activated by our customers, and through organic and strategic media:
Vice Media documentary exploring how Loop is helping enable evian® to meet its circularity ambitions. Activating our brand using the power of our partners and customers will continue to be a key part of how we bring our brand to market.Forbes article noting how Loop is fast becoming the “intel inside” of plastic. Becoming a ubiquitous symbol of circular and sustainable plastic appearing on all packaging containing Loop™ PET plastic resin and polyester fiber is another key part of our brand awareness strategy.National Geographic campaign highlights not only the importance of activation through and with a partner, but how Loop is positioned as a thought and action leader to help solve the global plastic crisis. Becoming a source for the media to turn when there are questions about the circular plastic economy brings additional credibility to the Loop brand.Wall Street Journal article in which Loop’s technology is identified as a potential solution for consumer-packaged goods companies to build the better bottle they need to avoid an existential crisis. To be noted as a solution to a global plastic crisis is precisely where Loop is intended to be positioned and we take this responsibility seriously.Gatorade Gx and Drinkfinity product packaging, return packaging and websites including the Loop logo.
We will continue to invest in the development and activation of both our marketing and communication functions to grow awareness of the Loop brand and support Loop’s commercialization.
Turning Waste into FeedstockTo Loop, waste PET plastic and polyester fiber is feedstock, the materials introduced into our Generation II depolymerization technology to yield PET monomers. Loop’s technology can use plastic bottles and packaging of any color, transparency or condition, carpet, clothing and other polyester textiles that may contain colors, dyes or additives, and even ocean plastics that have been degraded by sun and salt. This is yet another distinct advantage of Loop™ PET over mechanically recycled PET, our ability to use materials that nearly all other recyclers cannot use. This also means we are creating a new market for materials that have persistently been leaking out of the waste management system and into our shared rivers, oceans and natural areas.
We have a dedicated team studying the availability of feedstock to ensure each planned facility can operate continuously. The team has already successfully identified the sources required for our first joint venture facility with IVL and is now focused on closing supply agreements to secure this feedstock for the long term. The team is also conducting a macro-to-micro analysis in the United States, Canada, European Union and Asia to help inform the size and location of Loop’s next facilities. The approach includes a fulsome inventory of PET materials introduced into a region, the materials collected (or recycled) in the region and the material loss, or the difference between the material introduced and the material collected. This allows Loop to identify not only the material traditionally available for recycling, but how material can be effectively diverted from landfill, rivers, oceans and natural areas by providing a new outlet for what was formerly considered waste.
Organizational DevelopmentWhile having the right market conditions, technology and commercialization plan are key, a skilled management team with extensive experience in consumer goods, packaging, sustainability and commercial development is needed to execute the vision of the company, to predict and adjust to changing market forces and to create shareholder value. That is why I am especially pleased with the recent additions we have made to our management team:
Nelson Switzer, Chief Growth Officer – Nelson Switzer oversees Loop’s approach to growth through customer engagement, sales, marketing, corporate affairs, stakeholder engagement and feedstock management. He is a member of the Loop Executive Team and brings nearly 20 years of experience working in the consumer goods, finance, energy and resource sectors at both the local and international level. He is considered a leading expert in sustainable development, business management and stakeholder engagement and has held adjunct positions and executive in residence status at leading universities including the University of Waterloo and Ivey School of Business. Most recently, Nelson Switzer was the Chief Sustainability Officer for Nestlé Waters North America, Plastic Strategy Leader for Nestlé in North America and Sustainability Leader for Nestlé in the United States.Nelson Gentiletti, Chief Operating and Chief Financial Officer – Nelson Gentiletti is responsible for all of Loop's corporate functions, including finance and legal. He is a member of the Loop Executive Team and brings over 30 years of experience as a public company COO and CFO in the packaging, media, travel and tourism and communication sectors. Mr. Gentiletti has a successful track record in business development, operations management and financing and has an excellent reputation in capital markets. He recently came from Transcontinental Inc. where, as Chief Financial and Development Officer, he participated in the company’s transition from a leading printing and media company to a major flexible packaging and printing provider.
Board and Corporate GovernanceWe are committed to high standards of governance and to this end, we have appointed two new independent members to the Board of Directors. Their long experience running and advising public companies is of great value to me and our senior management team in providing advice and oversight as Loop continues its development as a public company and broadens its shareholder base:
Laurence Sellyn, Lead Independent Director – The former Executive Vice President, Chief Financial and Administrative Officer of Gildan Activewear Inc., Mr. Sellyn played an important role in growth and development as Gildan grew from a small cap company to a large cap public company and the market leader in its industry, became respected for governance and social responsibility and created ?significant value for its shareholders.Sidney Horn, Independent Director – One of the most highly respected and experienced commercial, corporate ?and securities lawyers in Canada, Mr. Horn is a valued business advisor to senior corporate executives who rely on his experience and advice in areas including finance, mergers and acquisitions and corporate governance.
LiquiditySince November 13, 2018 the Company has raised $7.15 million in financing that provides additional liquidity for general corporate and working capital purposes, which includes commercialization of our technology and our research and development efforts.
We continue to pursue additional options to finance our long-term growth strategy as we look to deploy our technology through our two commercial models.
In ClosingEven with all of the success we are experiencing as we execute our plan, I am reminded that being a disruptor is never easy. The most disruptive innovators tend to be met with the most skepticism and criticism. This is precisely why we have had our technology vetted by our partners and customers, why we have protected our technology, why we have gained regulatory certainty, why we have secured leading global brands as customers, why we have gained significant media attention, why we have expanded the universe of feedstock we can use – and why we have brought on the right people with the right skills to lead us.
In closing, when my friends, colleagues and fellow shareholders ask me what I am most excited about there are many items I can call out, but perhaps none more than this – my team and I are privileged to help solve a global environmental crisis and demonstrate that the circular economy is possible and profitable.
We believe we are well positioned for the future and plan to continue to build atop of recent momentum into 2019. Thank you for your continuing support.
Sincerely,
Daniel SolomitaFounder and CEO
Loop Industries, Thyssenkrupp Industrial Solutions Unit Form Alliance For Sustainable PET Plastic Manufacturing
7:54 AM ET, 12/19/2018 - MT Newswires
07:54 AM EST, 12/19/2018 (MT Newswires) -- Loop Industries, Inc. (LOOP), a technology firm involved in sustainably produced plastic, and thyssenkrupp Industrial Solutions' division, Uhde Inventa-Fischer GmbH, a polyester plant engineering firm, on Wednesday unveiled a strategic alliance.
A joint statement said the global alliance advances the integration of the duo's technologies to aid companies seeking commercially viable technology to produce sustainable PET and polyester plastic.
"This agreement will enable a very resource efficient and cost-attractive solution for the production of sustainable PET and polyester," said Sami Pelkonen, CEO of the electrolysis & polymers' technologies business unit at thyssenkrupp. "The alliance is an important milestone on the way to producing sustainable PET and polyester."
As I said, no one is banning plastic. You are siting a few restrictions of a VERY small section of plastic usage in a few small counties. Now that there is a solution to this problem, you will see even fewer of these bans. Do your research!
The JV plant with Indorama will be built next year. Revenue will commence, and I'm sure, many more plants will follow... How many "pre-revenue" companies have gone on to make huge profits?
"Mr. Dever and Danone executives had the process tested at Loop’s pilot plant—bringing their own waste plastic secretly tagged with a tracer to make sure that the returned samples were of the same material. They had the tests repeated with different types of waste, including carpet fibers and colored plastic. “We tried to stretch to the max the Loop technology by giving them materials we couldn’t use,” said Frederic Jouin, R&D packaging head for Danone Waters. The resulting samples, once turned into bottles in France, met Danone’s quality standards."
THANK YOU....WE already knew the technology worked and was able to be scaled through their Canadian plant. The shorts (even the ones that say that they are not shorts) only want to disseminate their narrative for their own agenda.
Once the JV plant with Indorama is in production and is generating revenue, all the shorts will be singing a different tune!!!
SHORT seller scare tactics. Filled with lies and misrepresentations!!!
REALLY? What countries have banned plastic containers? Plastic is so thoroughly integrated in our economy, it would be IMPOSSIBLE to ban it! More Short seller scare tactics.
SHORT SCARE TACTICS filled with misrepresentations, half truths and outright lies!
MONTREAL, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Loop Industries, Inc. (Nasdaq: LOOP) (“Loop” or “Company”), a leading technology innovator in sustainable plastic today announced that they have entered into a multi-year supply framework with the Coca-Cola system’s Cross Enterprise Procurement Group (“CEPG”) to supply 100% recycled and sustainable Loop™ PET plastic (“Loop™ PET”) from Loop’s joint venture facility with Indorama Ventures Limited in the United States to authorized Coca-Cola bottlers who enter into supply agreements with Loop. Indorama Ventures is a world-class chemicals company and a global integrated leader in PET and fibers serving major customers in diversified end-use markets.
“We are very proud to become a supplier of Loop™ branded PET resin to the members of the Coca-Cola system’s Cross Enterprise Procurement Group,” said Daniel Solomita, Founder and CEO of Loop Industries. “We are especially pleased to be able to assist Coca-Cola’s authorized bottlers as they work to meet their recycled content ambitions.”
“Like all responsible companies, we need to be selective in choosing our packaging materials so that we continue to eliminate waste and work to reduce the environmental impact,” said Ron Lewis, Chief Supply Chain Officer, Coca-Cola European Partners, a bottler member of CEPG. “Investments like this one with Loop Industries support our goal to ensure that at least 50% of the material we use for our PET bottles comes from recycled plastic, and will help us divert more materials from landfills and build a stronger circular plastic economy.”
This arrangement continues the rapid and exciting progress ?being made by Loop as it commercializes its breakthrough depolymerization technology which will help reduce global plastic waste and enable major global brands to meet their sustainability goals. As the demand for sustainable packaging solutions continues to grow, Loop Industries has emerged with transformational technology that allows no and low value plastics to be diverted, recovered and recycled endlessly into new, virgin-quality Loop™ PET plastic.
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to transform the plastics industry. This technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. For more information, please visit www.loopindustries.com. Follow us on Twitter: @loopindustries, Instagram: loopindustries, Facebook: www.facebook.com/Loopindustrie/ and LinkedIn: www.linkedin.com/company/loop-industries/
Forward-Looking Statements
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology, (ii) development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, (v) our manufacturing facility, and (vi) and our ability to sell our products in order to generate revenues. More detailed information about Loop and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For More Information:
Investors:
Jason AssadLR Advisors LLC. +1 (678) 570-6791jwassad@bellsouth.net
Media Inquiries:
Nelson SwitzerLoop Industries +1 (450) 951-8555 ext. 230nswitzer@loopindustries.com
Shanna WendtCoca Cola European Partners+44 7976 595 168swendt@cokecce.com
Source: Loop Industries, Inc. US
Loop Industries Establishes Multi-Year Supply Framework with the Coca-Cola Cross Enterprise Procurement Group
Source: GlobeNewswire Inc.
Loop Industries, Inc. (Nasdaq: LOOP) (“Loop” or “Company”), a leading technology innovator in sustainable plastic today announced that they have entered into a multi-year supply framework with the Coca-Cola system’s Cross Enterprise Procurement Group (“CEPG”) to supply 100% recycled and sustainable Loop™ PET plastic (“Loop™ PET”) from Loop’s joint venture facility with Indorama Ventures Limited in the United States to authorized Coca-Cola bottlers who enter into supply agreements with Loop. Indorama Ventures is a world-class chemicals company and a global integrated leader in PET and fibers serving major customers in diversified end-use markets.
“We are very proud to become a supplier of Loop™ branded PET resin to the members of the Coca-Cola system’s Cross Enterprise Procurement Group,” said Daniel Solomita, Founder and CEO of Loop Industries. “We are especially pleased to be able to assist Coca-Cola’s authorized bottlers as they work to meet their recycled content ambitions.”
“Like all responsible companies, we need to be selective in choosing our packaging materials so that we continue to eliminate waste and work to reduce the environmental impact,” said Ron Lewis, Chief Supply Chain Officer, Coca-Cola European Partners, a bottler member of CEPG. “Investments like this one with Loop Industries support our goal to ensure that at least 50% of the material we use for our PET bottles comes from recycled plastic, and will help us divert more materials from landfills and build a stronger circular plastic economy.”
This arrangement continues the rapid and exciting progress ?being made by Loop as it commercializes its breakthrough depolymerization technology which will help reduce global plastic waste and enable major global brands to meet their sustainability goals. As the demand for sustainable packaging solutions continues to grow, Loop Industries has emerged with transformational technology that allows no and low value plastics to be diverted, recovered and recycled endlessly into new, virgin-quality Loop™ PET plastic.
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to transform the plastics industry. This technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. For more information, please visit www.loopindustries.com. Follow us on Twitter: @loopindustries, Instagram: loopindustries, Facebook: www.facebook.com/Loopindustrie/ and LinkedIn: www.linkedin.com/company/loop-industries/
Forward-Looking Statements
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology, (ii) development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, (v) our manufacturing facility, and (vi) and our ability to sell our products in order to generate revenues. More detailed information about Loop and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For More Information:
Investors:
Jason Assad
LR Advisors LLC.
+1 (678) 570-6791
jwassad@bellsouth.net
Media Inquiries:
Nelson Switzer
Loop Industries
+1 (450) 951-8555 ext. 230
nswitzer@loopindustries.com
Shanna Wendt
Coca Cola European Partners
+44 7976 595 168
swendt@cokecce.com
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PepsiCo and Loop Industries Sign Multi-Year Supply Agreement for Loop Branded 100% Sustainable Plastic
8:00 AM ET, 10/10/2018 - GlobeNewswire
PepsiCo secures production capacity from Loop’s joint venture facility in the United StatesLoop provides innovative, new technology for PepsiCo to bring to market sustainable packaging based on 100% recycled content
MONTREAL, Quebec and PURCHASE, N.Y., Oct. 10, 2018 (GLOBE NEWSWIRE) -- Loop Industries, Inc. (Nasdaq:LOOP), a leading technology innovator in sustainable plastic and PepsiCo, Inc. (NASDAQ:PEP) today announced that they have entered into a multi-year supply agreement that will enable PepsiCo to purchase production capacity from Loop’s joint venture facility in the United States and incorporate Loop™ PET plastic, which is 100% recycled material, into its product packaging by early 2020.
As the demand for sustainable packaging solutions continues to grow, Loop Industries has emerged with truly transformational technology that allows no and low value plastics to be diverted, recovered and recycled endlessly into new, virgin-quality Loop™ PET plastic. This innovation allows plastic bottles and packaging of any color, transparency or condition, carpet, clothing and other polyester textiles that may contain colors, dyes or additives, and even ocean plastics that have been degraded by sun and salt to meet FDA requirements for use in food-grade packaging.
As one of the largest purchasers of recycled PET plastic in the consumer goods space, PepsiCo has identified Loop™ PET as a commercially viable technology to expand the amount of recycled content in its product packaging and help meet its sustainability ambitions and consumer needs. This agreement aligns with PepsiCo’s Performance with Purpose vision and highlights the company’s commitment to adopt different and creative approaches to the challenges of plastics and waste.
“Loop’s technology enables PepsiCo to be a leading force in ensuring plastic packaging need never become waste,” said Dr. Mehmood Khan, Vice Chairman and Chief Scientific Officer, PepsiCo. “This partnership represents a step-change that will empower PepsiCo in our drive towards creating a circular economy for plastics.”
“We are very proud to supply PepsiCo with Loop™ branded PET plastic,” said Daniel Solomita, Founder and CEO of Loop Industries. “Working with a global food and beverage giant like PepsiCo will further establish the value proposition of the Loop brand and mission – to accelerate the world’s shift toward sustainable plastic and away from the traditional, take, make and dispose economy.”
The deal will also include a marketing and communications plan to raise awareness of the importance of recycling, sustainability and the circular economy.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $63 billion in net revenue in 2017, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose—our fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. We believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world enable PepsiCo to run a successful global company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to transform the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. For more information, please visit www.loopindustries.com. Follow us on Twitter: @loopindustries and Instagram: loopindustries
For More Information:Gian-Carlo PeressuttiPepsiCo+1 (914) 253-3437GianCarlo.Peressutti@pepsico.com
Nelson SwitzerLoop Industries+1 (450) 951-8555 ext. 230nswitzer@loopindustries.com
Indorama Ventures and Loop Industries JV to Introduce New Era in Pet and Polyester Recycling
Source: GlobeNewswire Inc.
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Indorama Ventures’ world-class manufacturing and Loop’s state-of-the-art recycling technology combined to invest in multi-billion dollar sustainable PET resin and polyester market opportunity
Demand for supply of sustainable PET sees explosive growth from beverage and consumer packaged goods companies adopting significant circular and sustainable packaging targets
Indorama Ventures/Loop Industries partnership plan to begin production in Q1 2020
{DATELINECITY_DATE_GLOBENEWSWIRE_BUG}}Indorama Ventures Public Company Limited (Bloomberg ticker IVL.TB), one of the world’s leading petrochemical companies, and Loop Industries, Inc. (Nasdaq: LOOP), a leading technology innovator in sustainable plastic resin and polyester today announced a joint venture to manufacture and commercialize sustainable polyester resin to meet the growing global demand from beverage and consumer packaged goods companies.
This partnership brings together Indorama Venture’s world-class manufacturing footprint and Loop’s proprietary science and technology to become a reliable world leader in the ‘circular’ economy for 100% sustainable and recycled PET resin and polyester fiber.
The Indorama Ventures/Loop Industries partnership launches a commercial solution for consumer packaged goods companies in response to the rapid growth in global plastic consumption for which there is a great need to responsibly collect and reuse these materials. Through this joint venture, Indorama Ventures and Loop Industries will be able to perpetually recycle the ever increasing amounts of PET plastic and polyester fiber proving the promise of and encouraging the shift to a circular economy.
The 50/50 joint venture will have an exclusive world-wide license to use Loop’s technology to produce 100% sustainably produced PET resin and polyester fiber with plans to begin commercial production in Q1 2020. The production from the facility will be fully subscribed by leading global consumer brands.
Commenting on this new venture, Group CEO of Indorama Ventures, Aloke Lohia, said, “At Indorama Ventures, we continue to pursue the right opportunities to fill gaps that are intrinsic to our sustainable and profitable business by deploying resources in order to support the circular economy. This joint venture with Loop Industries emphasizes our belief in recycling and is aimed at investing in new technologies that can steer further our aspiration of being a world-class chemical company making great products for society.”
“We are excited to launch this partnership with Indorama Ventures, who provide a global leadership platform in petrochemical manufacturing and a shared commitment to sustainability. This joint venture combines each of our companies’ area of expertise so that we may both play a leading role in the global shift by business and consumers to the circular economy,” said Daniel Solomita, Founder and CEO of Loop Industries. “This is a first strategic step in our global commercialization plan and mission to accelerate the world’s shift toward sustainable plastic and away from the traditional, take, make and dispose economy.”
About Indorama Ventures
Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and the Americas. The company’s portfolio comprises Necessities and High Value-Added (HVA) categories of Polymers, Fibers and Packaging, selectively integrated with self-manufactured Ethylene Oxide/Glycols and PTA where economical. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures has approx. 16,000 employees worldwide and consolidated revenue of US$ 8.4 billion in 2017. The Company is listed in the Dow Jones Sustainability Index (DJSI). Indorama Ventures is headquartered in Bangkok, Thailand with operating sites in:
EMEA - The Netherlands, Germany, Ireland, France, UK, Italy, Denmark, Lithuania, Poland, Czech Republic, Luxembourg, Spain, Turkey, Nigeria, Ghana, Portugal
The Americas - USA, Mexico, Canada, Brazil
Asia - Thailand, Indonesia, China, India, the Philippines, Myanmar
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to transform the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. For more information, please visit www.loopindustries.com. Follow us on Twitter: @loopindustries and Instagram: loopindustries
For More Information:
Richard Jones
Indorama Ventures Public Company Limited
Tel: +662.661.6661 ext. 680
richard.j@indorama.net
Nelson Switzer
Loop Industries
+1 (450) 951-8555 ext. 230
nswitzer@loopindustries.com
Forward-Looking Statements
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology, (ii) development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, (v) our manufacturing facility, and (vi) and our ability to sell our products in order to generate revenues. More detailed information about Loop and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
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You are obviously shorting the stock...
The isolate is derived, using patented nano technology, from the imported product. In it’s isolate form, it becomes more readily bioavailable.
Get your facts right.
That’s absolutely false! CBD research is being done on CBD, NOT raw product. And by the way, they do not import the isolate. It is produced using their patented nano technology!
ISBG Signs Letter of Intent with Canbiola (CANB) for Premium CBD-Infused Beverage Partnership
Loop Industries' Adel Essaddam nominated for prestigious 2018 Pritzker Emerging Environmentalist Award
Nelson A. Switzer
Chief Growth Officer at Loop Industries
My new friend and colleague, Adel Essaddam (https://www.ioes.ucla.edu/person/adel-essaddam/) has been nominated for this years Pritzker Emerging Environmental Genius Award. The Award is presented each year to promising young innovators recognized as champions for the environment. Adel's contributions and accomplishments at Loop Industries are stunning. In his application, Adel provides a wonderful account of his journey, the technology he has helped establish, which is poised to solve a large portion of the plastic crisis, and what the future may hold.
Learn more about the Pritzker Genius Award: https://www.ioes.ucla.edu/pritzker-genius/
Read Adel's letter of application below, and follow Adel's team on Twitter (@loopindustries) and on Instagram (loopindustries).
The technology I helped invent that’s poised to disrupt the $110 billion plastic industry and save the world from plastic waste
My name is Adel. I am a young research scientist at Loop Industries helping to lead a team dedicated to solving the plastic crisis.
Our world is drowning in plastic. Every minute one million PET bottles are made but only 9% of them are recycled, By 2050, it’s estimated that there will be, by weight, more plastic in the ocean than fish. Imagine that. When you go fishing in 2050 you will be more likely to catch plastic than fish.
We know that over the last six decades, 8.3 billion metric tons of plastic have been generated, of which at least 6.3 billion metric tons has become plastic waste; material abandoned to landfills and our shared rivers and oceans. We’ve decided to put a stop to this.
At LOOP, we believe that making the transition to a circular economy will help solve this crisis. Instead of the traditional make, use and dispose philosophy that has been at the core of the plastic industry for decades, we must ensure that everything humanity extracts from the Earth is reused safely and constantly creates and preserves social and environmental value.
That is what drove us to invent our disruptive depolymerization technology, the Loop™ Process. It allows us to deconstruct Polyethylene Terephthalate (PET), polyester you find in water bottles, soda bottles, food packaging, clothing, carpets and more into its monomers and then reconstruct them to make virgin quality PET ready for reuse. Our process needs no heat and no pressure and finally provides the world a way to reuse what was once considered waste material. Even material rejected by the best mechanical recycling technologies in the world because it is contaminated with food stuff, paper and other additives can finally be recovered, recycled and reused. This means no PET or polyester fibers need be sent to landfill ever again.
And why else is our technology unmatched? Because we don’t “recycle” PET plastic waste, we up-cycle it. When you are able to take a product that has a net negative economic and environmental impact and turn that on its head, where you create and preserve economic and environmental value, you have up-cycled. Taking waste polyester (PET) fibers from carpet and clothing and up-cycling them to virgin quality PET resin suitable for food and beverage packaging, furniture makers, clothing and more is a breakthrough that consumer goods companies, governments, non-governmental organizations, consumers and investors have been seeking for over a decade. Now it is here and it is possible only because our unique and disruptive technology allows us to close the LOOP on PET and polyester fiber, remaking virgin quality PET indefinitely. As our Founder and CEO explains it, “it’s like taking a cake and breaking it down to it’s starting compounds: whole eggs, flour, sugar and then remaking a whole new cake.”
And now, the major brands are taking notice.
For instance, at the World Economic Forum, in Davos, Evian announced that they are teaming up with LOOP to achieve their pledge of having 100% recycled PET by 2025: https://news.nationalgeographic.com/2018/06/sponsor-content-revolution-plasticrecycling/
I started my career fueled by a passion for Sustainability and talent for problemsolving.
I joined LOOP in early 2016 as a young lab technician knowing that the time for small incremental moves in this world is over. If we want to save the world, it’s time for big moves. So I got to work.
As I learned more and gained an understanding of LOOP’s technology, I realized that even an exceptional process like theirs can always be reinvented. Teaming up with my brother, we reshaped the technology by asking one question, “what can we do better?” In short order we were able to pull apart and put Loop’s technology back together with three fundamental breakthroughs that dramatically increased the viability of the technology: 1) water free depolymerization; 2) a considerable energy use reduction; and 3) and a remarkably more efficient and streamlined process. What remained is a scalable, efficient and commercially costeffective technology.
In 2017, I became a Research Scientist and worked on the process development for our new technology and in 2018, I was promoted as the new Lead Research Scientist responsible for overseeing the work of 11 R&D, process development and analytical chemists. In addition, I am a valued voice in assessing potential technical and engineering partners all over the world.
The $100,000 prize would be shared between me and my brother, my best friend. It would allow me to complete my University curriculum, enhance my knowledge of chemical science and apply that learning to solving more of the world’s challenges. It would also allow me to complete an MBA so that I can enhance my business comprehension.
As a 23-year-old, I believe that I have so much knowledge to gain and puzzles to solve. But I need help getting over an obstacle, which is why I have applied for this prestigious award.
Thank you for your consideration,
Sincerely,
Adel Essaddam
Loop Industries announces world’s first integrated waste to Loop™ PET resin manufacturing technology
Source: GlobeNewswire Inc.
Revolutionary new manufacturing process will position Loop to commercialize its Generation II technology and disrupt how PET resin and polyester fiber is recycled and manufactured
Loop Industries, Inc. (Nasdaq:LOOP) announced that, as a next step in commercializing its Generation II technology, it is designing a fully integrated manufacturing facility to upcycle waste PET and polyester fiber into virgin quality Loop™ PET resin and polyester fiber. Loop is in the process of engaging engineering partners to complete the integrated design.
“A fully integrated start-to-finish process will soon exist to commercialize Loop’s innovative Generation II technology and help tackle the global plastic crisis,” said Daniel Solomita, CEO and Founder of Loop. “These facilities will make it possible for all forms of waste PET and polyester fiber, even ocean plastics that have been degraded by the sun and saltwater, to be fully recovered and upcycled into PET of the highest purity and performance quality.”
This integrated innovation will join Loop’s proprietary depolymerization technology with state of the art PET production processes, allowing plastic waste to be utilized as feedstock to produce Loop™ PET resin and facilitate the transition to a circular economy. The technology will take waste PET and polyester fiber that can include PET plastic bottles and packaging of any color, transparency or condition, and carpet and other polyester textiles that may contain colours, dyes or additives and separate the PET from all contaminants to produce virgin quality FDA-approved food-safe Loop™ PET resin and polyester fiber.
“To encourage more recycling at the community level and reduce climate causing emissions, Loop facilities are planned to be optimally located adjacent to large population centers where ample feedstock can be found,” added Mr. Solomita.
This integrated manufacturing design will be the basis for Loop’s commercialization strategy, which is now the company’s focus in order to capitalize on its technology and respond to the demands of consumers, governments, non-governmental organizations and brand owners who have committed to ambitious sustainability targets.
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to disrupt the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. Loop™ branded polyester resin allows consumer goods companies to meet and exceed their stated sustainability goals and circular ambitions. For more information, please visit www.loopindustries.com.
Forward-Looking Statements
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology, (ii) development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, (v) our manufacturing facility, and (vi) and our ability to sell our products in order to generate revenues. More detailed information about Loop and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For more information:
Nelson Switzer
+1 (450) 951-8555
publicaffairs@loopindustries.com
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Loop Industries Expands Into Cosmetics Sector With L’Oréal Group
Source: GlobeNewswire Inc.
Loop Industries, Inc. (Nasdaq:LOOP), a global leader in sustainable packaging innovation, announced that it has signed a Letter of Intent with L’Oréal Group, the global leader in the beauty industry setting the stage for L’Oréal to become the first major cosmetics company in the world to close the loop on their PET plastic packaging by incorporating Loop™ PET.
This collaboration between L’Oréal Group and Loop will further accelerate the transition to the circular plastic economy. Thanks to Loop’s breakthrough technology, waste PET plastic and polyester fiber that once made its way to landfills, incinerators and our shared natural areas, rivers and oceans can now be diverted and converted into Loop™ PET to be endlessly upcycled.
Loop’s technology deconstructs waste PET plastic and polyester fiber from sources such as water and soda bottles, textiles, consumer goods packaging and more into its base monomers separating out all impurities and then reconstructs the monomers into Loop™ PET. Moreover, the Loop™ technology to produce Loop™ PET resin meets FDA requirements for food grade packaging.
“We are very proud to have L’Oréal join us in the Loop,” said Nelson Switzer, Chief Growth Officer of Loop Industries. “When companies use and activate the Loop™ brand and products, consumers are able to readily identify and choose a sustainable solution that is poised to help solve the plastic crisis.”
“As the leader in the beauty industry, we believe we have a responsibility to bring innovative and sustainable solutions to the consumer. That is why we seek to partner with innovative companies and leverage technologies, such as Loop, that will trigger an acceleration in the transition to a circular economy. And Loop™ PET is able to meet the rigorous packaging standards of L’Oréal,”said Philippe Thuvien, Global Head of Packaging and Development of L’Oréal Group.
Loop and L’Oréal intend to complete a definitive supply agreement for Loop™ PET resin in the United States and the European Union before the end of fall 2018.
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to disrupt the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. Loop™ branded polyester resin allows consumer goods companies to meet and exceed their stated sustainability goals and circular ambitions. For more information, please visit www.loopindustries.com.
About L’Oréal
L’Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 34 diverse and complementary brands, the Group generated sales amounting to 26.02 billion euros in 2017 and employs 82 600 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.
Research and innovation, and a dedicated research team of 3 885 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal’s sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.
For more information: http://mediaroom.loreal.com/en/
Forward-Looking Statements
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology, (ii) development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, (v) our manufacturing facility, and (vi) and our ability to sell our products in order to generate revenues. More detailed information about Loop and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For more information:
Nelson Switzer
+1 (450) 951-8555
publicaffairs@loopindustries.com
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Loop Industries helps make Gatorade Gx packaging more sustainable
Source: GlobeNewswire Inc.
Loop Industries, Inc. (Nasdaq:LOOP) today announced a free new program that allows consumers of Gatorade, a subsidiary of PepsiCo (Nasdaq:PEP; NYSE:PEP) to return and upcycle used Gatorade Gx pods into products of greater value using Loop’s upcycling technology.
Gatorade Gx is a sports fuel customization platform that will change the way athletes hydrate and fuel now and into the future. The Gx platform combines science-backed products with newly designed formula pods and customized squeeze bottles.
“Loop is very pleased to help consumers of Gatorade Gx upcycle their used pods,” said Nelson Switzer, Chief Growth Officer, Loop Industries. “The Gx system already significantly reduces the amount of packaging needed to deliver this customizable hydration system – and when consumers choose the free return pod program, Gatorade Gx becomes an even more sustainable beverage.”
When consumers order their Gx bottle and pods on Gatorade.com, they can elect to receive the free Gx/Loop mail-back pouch. Consumers need simply drop their used pods into the pouch, seal it once full and drop it in the mailbox. The pre-paid pouch is sent to Loop’s facility where the PET segments of each pod are deconstructed into its base monomers, purified and upcycled into new virgin quality food-grade PET.
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to disrupt the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. Loop™ branded polyester resin allows consumer goods companies to meet and exceed their stated sustainability goals and circular ambitions. For more information, please visit www.loopindustries.com.
About Gatorade
The Gatorade Company, a division of PepsiCo (NYSE: PEP), provides sports performance innovations designed to meet the needs of athletes at all competitive levels and across a broad range of sports. Backed by more than a 50 year history of studying the best athletes in the world and grounded in years of hydration and sports nutrition research at the Gatorade Sports Science Institute, Gatorade provides scientifically formulated products to meet the sports fueling needs of athletes in all phases of athletic activity. For more information and a full list of products, please visit www.gatorade.com.
For more information:
Nelson Switzer
+1 (450) 951-8555
publicaffairs@loopindustries.com
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Loop Industries, Inc. activates breakthrough Generation II technology
Source: GlobeNewswire Inc.
Today, Loop Industries, Inc. (Nasdaq:LOOP) announced that they have successfully activated the next generation of their waste PET and polyester fiber upcycling technology which now allows for the continuous production of Loop™ PET products.
“Our Generation II technology is a major step forward in sustainable plastic,” says Daniel Solomita, CEO & Founder, Loop Industries, Inc. “It further reinforces our confidence that upcycling waste PET and polyester fiber will be cost effective, scalable and very efficient on a commercial scale, which means we can help divert even more waste plastic from landfill and help prevent it from ending up in our rivers and oceans.”
Loop’s Generation II technology is significantly more streamlined and efficient than the Generation I process, including a considerable reduction in energy use and the complete elimination of water indicating that it may be the most resource efficient process for upcycling PET and polyester fiber in the world. The most significant change introduced in the Generation II technology is Loop’s decision to produce a monomer from which it makes Loop™ PET resin and polyester fiber from terephthalic acid (PTA) to dimethyl terephthalate (DMT).
“Producing DMT during depolymerization allows us to streamline our technology and eliminate even more resources, time and cost needed to yield PET monomers of the highest purity,” added Mr. Solomita.
Loop’s short-term priority will be large-scale commercialization of this Generation II technology to respond to the demands of brand owners who have committed to ambitious sustainability targets, which can now be achieved through the use of Loop™ PET and polyester resin.
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to disrupt the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. Loop™ branded polyester resin allows consumer goods companies to meet and exceed their stated sustainability goals and circular ambitions. For more information, please visit www.loopindustries.com.
For more information:
Nelson Switzer
+1 (450) 951-8555
publicaffaris@loopindustries.com
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