Loop Industries, Ester enter JV for India production facility [Yahoo! Finance]
Loop Industries, Inc. (LOOP)
US:NASDAQ Investor Relations:
loopindustries.com/en/investors/home
Company Research
Source: Yahoo! Finance
working relationship where Ester has produced Loop PET for Loop's global brand customers over the last four years. The India JV is said to leverage the complementary skillset of each partner by combining Loop's innovative technology and well-established global customer base with Ester's nearly 40 years of specialised polymer production, operational proficiency, and local expertise, including sourcing of PET plastic and polyester fibre waste feedstocks. The Infinite Loop India facility is expected to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually and Ester will toll convert the rDMT and rMEG into various grades of specialty polymers. The planned facility in India can lower carbon emissions by up to 70% compared to virgin DMT and MEG manufactured from fossil fuels, offering chemical companies a simple drop-in supplement and circular alternative that helps them achieve their sustainability goals. The rDMT and rMEG product offerings manufactured at the Infinite Loo
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LOOP
News
- Loop Industries and Ester Industries Ltd. Announce Joint Venture Agreement to Build an Infinite Loop(TM) Manufacturing Facility in India to Produce rDMT, rMEG and Specialty Polymers From Waste Polyesters with a Significantly Lower Carbon Footprint [Yahoo!Yahoo!
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- Insiders own 33% of Loop Industries, Inc. (NASDAQ:LOOP) shares but retail investors control 44% of the company [Yahoo! Finance]Yahoo! Finance
- Loop Industries to Participate in Gabelli Funds' 10th Annual Waste & Sustainability Symposium Taking Place April 4th, 2024 [Yahoo! Finance]Yahoo! Finance
LOOP
Earnings
- 1/16/24 - Miss
LOOP
Sec Filings
- 5/7/24 - Form 8-K
- LOOP's page on the SEC website