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Loop Industries
Loop Industries was incorporated in 2011 by Daniel Solomita and is headquartered in Terrebonne, Quebec.
Loop Industries
Loop Industries was incorporated in 2011 by Daniel Solomita and is headquartered in Terrebonne, Quebec. The company went public on the NASDAQ in 2017 and has positioned itself as a technology licensor rather than a large-scale plant operator. Its core intellectual property is a low-energy depolymerization process that uses a proprietary catalyst to break PET plastics and polyester textiles into dimethyl terephthalate (DMT) and monoethylene glycol (MEG), which can be repolymerized into food-grade, virgin-quality resin. The strategy centers on licensing its technology to large industrial partners who build and operate production facilities. The company's pipeline includes a planned 70,000-metric-tonne-per-year Infinite Loop facility in Bécancour, Quebec, and a joint venture in Europe with Reed Management. Loop has signed multi-year supply agreements with major brands including L'Oréal, Danone, and PepsiCo. The company targets consumer-goods packaging and synthetic-fiber markets across North America and Europe. As of early 2024, Loop employed a small technical and corporate team, with recent turnover in senior leadership and ongoing funding needs disclosed in public filings. In January 2024, the company's shares were delisted from the NASDAQ and moved to the OTC Pink market after failing to meet the exchange's continued listing standards. A binding letter of intent with Reed Management, announced in May 2024, proposed a €60 million investment to fund European commercialization. Loop's patent portfolio and the company's focus on low-energy, water-free chemical recycling differentiate its approach from mechanical recyclers and higher-temperature pyrolysis-based chemical recyclers. The company's long-pathway model — licensing technology to large partners — creates a capital-light structure relative to owner-operator peers, but ties its revenue timeline to the construction and commissioning schedules of third-party projects.
General information
Firm type
Asset Manager
Year founded
2011
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Terrebonne
Corporate office
Terrebonne, Quebec, Canada
Principals
Daniel Solomita
Founder and CEO
Sector focus
Frequently asked questions
Who runs investment and strategic decisions at Loop Industries?
Founder Daniel Solomita serves as CEO and has been the primary decision-maker on capital allocation and licensing strategy since founding the company in 2011. The board of directors includes representatives with chemicals and finance backgrounds; public filings show no separate chief investment officer. Strategic partnerships, such as the proposed €60 million Reed Management deal announced in May 2024, require board approval.
How does Loop Industries monetize its technology?
Loop operates primarily as a technology licensor. Its business model involves signing joint-venture or licensing agreements with industrial partners who finance, build, and operate production plants using Loop's chemical depolymerization process. The company expects to recognize revenue from engineering fees, milestone payments, and ongoing royalties on resin sales once commercial plants are operational.
What distinguishes Loop's recycling process from mechanical recycling?
Loop uses a chemical depolymerization process that breaks PET polymers into their base monomers, DMT and MEG, then repolymerizes them into new resin. Unlike mechanical recycling — which shreds and melts plastic, degrading quality with each cycle — Loop's output is chemically identical to petroleum-derived virgin PET and certified for food-grade packaging, including by major brand partners like Danone and L'Oréal.
What is the status of Loop's first commercial-scale plant in Quebec?
Loop has been developing plans for a 70,000-metric-tonne-per-year facility in Bécancour, Quebec, referred to as the Infinite Loop project. Construction has not begun. The company has periodically revised timelines and required additional capital; public filings through early 2024 note continued work on financing and engineering, with no firm commissioning date announced.
Why did Loop Industries leave the NASDAQ?
Loop was delisted from the NASDAQ in January 2024 for noncompliance with the exchange's continued listing rules, specifically the minimum bid price and market value requirements. The company's stock moved to the OTC Pink marketplace, a less liquid trading venue with lower listing standards, while the underlying business continued operating as before.
What is the relationship between Loop Industries and the Reed Management investment?
In May 2024, Loop announced a binding letter of intent with Reed Management, a European investment fund, for a €60 million investment structured as a joint venture focused on European commercial deployment. The agreement is non-brokered and subject to definitive documentation, with Reed gaining rights to fund and develop Loop-licensed plants in Europe.
Does Loop Industries own and operate recycling plants itself?
No. Loop's stated strategy is to license its technology to third-party manufacturers and brand owners rather than owning and operating full-scale production plants directly. Early-stage pilot and demonstration facilities in Quebec support process validation and partner development, but commercial deployment is expected through joint ventures and licensing arrangements.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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