Loop Industries Inc. (LOOP)

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Loop Industries ("Loop") is a clean technology company based in Montreal, QC, whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber. In January 2022, Loop announced The Infinite Loop™ France manufacturing facility that will create circularity in plastic packaging for leading global consumer brands based in France, including Danone, L'Oréal and L'Occitane, and help them meet their commitments for a high level of recycled plastic content.

In late 2021, Loop initiated site preparation work for its flagship Canadian facility project in Bécancour, Québec, including building access roads, gravel pads, drainage and landscaping. This initial work has been completed and readies the site for subsequent construction phases. The Company is focused on advancing the feasibility study phase of the engineering design and customer contract negotiations for committed volume allocations for the Québec facility. The Company has adopted a "design one, build many" engineering philosophy, which includes a modular facility construction design to allow the Company to replicate the Infinite Loop™ model across all projected facilities in North America, Europe and Asia.