• Taro Plast confirms that Loop’s 100% recycled DMT meets the highest standards of purity and performance, in-line with Taro Plast’s strong corporate commitment to sustainability.
• Loop will supply Taro Plast with Loop™ DMT from its planned Infinite Loop™ India facility.
• Loop™ DMT supplied to Taro Plast will be used for automotive and specialty polymer applications.

MONTRÉAL, QC/ACCESSNEWSWIRE/SEPTEMBER 15TH, 2025 – Loop Industries, Inc. (Nasdaq: LOOP; “Loop”), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and textile-to-textile polyester fiber and Taro Plast S.p.A., (“Taro Plast”), a global leader in thermoplastic compounds, at the forefront of sustainability and innovation in the plastics industry, announced they have executed an offtake agreement. Under the terms of the agreement, Loop will supply Taro Plast with Loop™ DMT from its planned Infinite Loop™ India facility, scheduled to come online in early 2028 through a joint venture with Ester Industries. The agreement highlights Taro Plast’s leadership in delivering sustainable solutions and expands Loop’s product offering beyond bottle-grade & fiber-grade PET resin.

The Infinite Loop™ India manufacturing facility is set to produce 70,000 tonnes of PET resin for the packaging and textile industries annually. The plant will also produce Loop™ DMT, which will be sold into the high-demand specialty polymers market. This additional product offering diversifies revenue streams and capitalizes on the growing market for recycled chemical components.

Taro Plast has conducted independent testing that confirms the high purity and performance of Loop™ DMT. This has led to Taro Plast becoming the first company to integrate Loop™ DMT into its product portfolio, where it will be used to create high-performance recycled materials for the automotive and specialty polymer industries. This partnership signifies a major step toward creating a circular economy for plastics by providing a sustainable alternative to virgin materials.

“This is a very important moment for the industry looking for reliable solutions to reduce greenhouse gas (GHG) emissions by replacing fossil feedstock in the manufacturing of plastic goods. This partnership with Loop Industries is a significant milestone in our journey towards a circular economy that boost our development and introduction of new solutions within the portfolio of our TPC Pibiflex® and Riteflex® adhering to the industry’s high-quality standards while ensuring sustainability right from the start of the value chain.” stated Andrea Squeri, Managing Director of Taro Plast.

“We’re excited to partner with Taro Plast, a recognized leader in innovation and quality within the specialty polymers industry.” commented Giovanni Catino, Chief Revenue Officer of Loop Industries. “With Taro Plast’s expertise and commitment to excellence, combined with Loop’s virgin-quality, 100% recycled DMT, this partnership sets a new benchmark for integrating recycled content and reducing the carbon footprint of specialty polymers without compromising on performance or quality. The production and sale of DMT will complement the on-going focus of the India JV on providing polymers for global apparel & CPG brands.”

About Taro Plast

Taro Plast is a privately-owned Italian highly specialized Compounder and Thermoplastics elastomer producer with manufacturing activities in 5 production plants in Europe and USA. Taro Plast is a leading company offering a wide product portfolio of engineering plastics & thermoplastic elastomers. Taro Plast product range includes many standard and tailor-made materials based on Engineering Thermoplastics (PA6, PA66, PBT, PET, PC and alloys, ABS, SAN, ASA), Technical Polypropylene Compounds, Thermoplastic Elastomers (TPC, TPV, SEBS, SBS) and also structural products (PP-LGF). Taro Plast serves demanding markets and offer customized solutions for a wide range of applications in the automotive industry, E&E and industrial & consumer goods. Taro Plast develops new product ranges for these demanding markets, focusing on sustainability and innovation. Taro Plast, based in Soragna, Italy, has at date a yearly turnover of approx. 200 million Euro with 270 employees. For more information about Taro Plast and its product offerings, visit www.taroplast.com.

About Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles packaging, and textiles such as carpets and clothing into its base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ & Twist™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ & Twist™ PET can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future. 

Common shares of the Company are listed on the NASDAQ Global Market under the symbol
“LOOP.”

For more information, please visit www.loopindustries.com.
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