Loop Industries Inc. (LOOP)

[Harrybones]

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."