Loop Industries' Journey towards Sustainability
Since our founding in 2014, we’ve seen Loop grow from a startup to a publicly listed company with some of the world’s largest consumer goods brands as clients — and we haven’t lost our relentless drive to succeed.
Below are some of the major moments from our journey to date.
Daniel Solomita founds Loop Industries.
Planned commercialization for 1st facility
~$35M equity financing, becoming a significant shareholder
Agreement to use Invista PET polymerization know-how and engineering services from Chemtex
Partnership Agreement to develop first European Infinite Loop™ facility.
Confirming purity and entitling Loop to manufacture / import into Europe
Obtained No Objection Letter from the FDA indicating Loop PET is of a purity suitable for food contact use.
SKGC $56.5 M strategic investment and Asia joint venture MOU
Obtained No Objection Letter from Health Canada stating PET produced by Loop’s process is suitable for food contact articles
Launch of 100% Loop PET bottle and announcement of roll-outs starting in 2022 with South Korea
Suez & SKGC as equal partners
Launch of L’OCCITANE en Provence Almond Shower Oil bottle made with 100% recycled Loop PET resin
Site selected: Saint-Avold, France
Completion of technical due diligence validating and confirming the efficacy of Loop’s technology
Launch of Garnier’s Micellar Cleansing Water in a 100% upcycled bottle using Loop’s technology
Signed Joint Venture Agreement to commercialize Loop’s technology in the Asian market
Loop branded PET resin meets requirements and standards outlined by the United States and European Pharmacopeia
Pharmaceutical packaging bottle manufactured with 100% recycled virgin quality Loop PET resin unveiled at Pharmapack 2024
Announced joint venture to build Infinite Loop India facility producing rDMT, rMEG and speciality polymers
Launch of the Cloudeasy Cyclon shoe, crafted with yarn made from 100% recycled polyester fiber using the Infinite Loop technology
Signed agreement for €35 million financing for global commercialization of the Infinite Loop technology and to form French joint venture