When it started its investigation, Hindenburg Research asked one expert why everybody in the plastics industry was not utilizing Loop’s process if it was as revolutionary as the company claimed.
“Everyone isn’t doing it because I don’t see how you could make any money or save any money in doing it. It appears to me that they took a very complex process, significantly simplified it, omitted a lot of serious stuff, and only mentioned the favorable highlights. I would say it’s a scam in that sense.”