Loop Industries, Inc

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Loop Industries and Ester Industries Ltd. Announce Joint Venture Agreement to Build an Infinite Loop(TM) Manufacturing Facility in India

May 02, 2024 09:30  HKT/SGT

To Produce rDMT, rMEG and Specialty Polymers From Waste Polyesters with a Significantly Lower Carbon Footprint
- Levers the existing Infinite Loop(TM) technology to target undersupplied US$28 billion market for DMT and MEG
- High projected returns based on total capital investment of approximately US$165 million, favourable industry pricing and low operating cost environment
- Construction of the facility is expected to be complete at the end of 2026 with commercial operations commencing in early 2027

Loop Industries Announces MOU For US$66 Million of Non-Dilutive Financing from Reed Management, as Part of a Joint Venture for European Infinite Loop(TM) Technology Roll-Out

Jan 19, 2024 08:00  HKT/SGT

- US$33 MILLION INITIAL INVESTMENT FROM REED MANAGEMENT ("REED") TO BE PROVIDED TO LOOP INDUSTRIES AS NON-DILUTIVE CAPITAL TO FUND LOOP'S TECHNOLOGY COMMERCIALIZATION GLOBALLY
- REMAINING US$33 MILLION TO BE INVESTED IN A STRATEGIC JOINT VENTURE FOR COMMERCIAL ROLL-OUT OF INFINITE LOOPTM TECHNOLOGY IN EUROPE