Loop Industries, Inc., founded in 2010 by Daniel Solomita and headquartered in Terrebonne, Quebec, is a clean-technology company set on accelerating a circular plastics economy. Its patented Infinite Loop technology depolymerizes low-value and waste PET plastics and polyester fibers, bottles, packaging, carpets, textiles, and ocean plastics, into their base monomers (DMT and MEG), which are then purified and repolymerized into virgin-quality Loop-branded rPET resin and polyester fiber suitable for food-grade packaging and textiles. The process cuts carbon emissions by as much as 70% versus virgin PET. Serving consumer-goods, textile, and packaging customers, Loop counts Danone (Evian), L'Oreal, and Coca-Cola among its partners. A 2024 joint venture with Ester Industries Ltd. in India aims to build a 70,000-tonne rPET facility by 2027, targeting the $28 billion DMT and MEG market. Listed on NASDAQ (LOOP), Loop drives sustainability through innovation and global expansion.
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