STOCK TITAN
  1. Home
  2. News
  3. LOOP

Loop Industries Inc - LOOP STOCK NEWS

Welcome to our dedicated news page for Loop Industries (Ticker: LOOP), a resource for investors and traders seeking the latest updates and insights on Loop Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Loop Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Loop Industries's position in the market.

News
Loop Industries to Participate in Gabelli Funds' 10th Annual Waste & Sustainability Symposium Taking Place April 4th, 2024
Rhea-AI Summary
Loop Industries, Inc. (NASDAQ: LOOP) will be presenting at Gabelli Funds' 10th Annual Waste & Sustainability Symposium on April 4th, 2024, to discuss their innovative approaches towards sustainability in the plastics industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
conferences
-
News
Loop Industries to Present at The 36th Annual Roth Conference
Rhea-AI Summary
Loop Industries, Inc. (LOOP) will attend the 36th Annual Roth Conference to engage with institutional investors. The event will take place from March 17-19, 2024, at The Ritz Carlton Laguna Niguel in Dana Point, California. CEO Daniel Solomita and Head of Investor Relations Kevin O'Dowd will be available for meetings. For more details, visit https://ibn.fm/Roth2024Registration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.74%
Tags
conferences
-
News
Loop Industries and Bormioli Pharma Unveil an Innovative Pharmaceutical Packaging Bottle Manufactured with 100% Recycled Virgin Quality Loop PET Resin at Pharmapack 2024
Rhea-AI Summary
Loop Industries, Inc. (LOOP) and Bormioli Pharma have collaborated to introduce a pharmaceutical packaging bottle made with 100% recycled virgin quality Loop™ PET resin. The packaging innovation will be showcased at Pharmapack Europe 2024. Independent testing confirmed that the bottles produced with Loop™ PET resin do not release any substance deemed of toxicological relevance, setting a new benchmark for recycled plastic products within the pharmaceutical industry. Loop™ PET resin meets the strict requirements and standards outlined by the European Pharmacopeia and the United States Pharmacopeia, making it compliant for use in packaging applications in the pharmaceutical industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
none
News
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
Rhea-AI Summary
Reed Management will provide Loop Industries with a US$33 million initial investment as non-dilutive capital to fund Loop's technology commercialization globally. Another US$33 million will be invested in a strategic joint venture for the commercial roll-out of Infinite LoopTM technology in Europe. This partnership will allow Loop to reduce funding needs for its equity contributions and maximize shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.37%
Tags
none
-
News
Loop Industries Reports Third Quarter Fiscal 2024 Results and Provides Updates on Business Developments
Rhea-AI Summary
Loop Industries, Inc. has announced a non-binding Memorandum of Understanding with Reed Management for US$66 million in non-dilutive financing as part of a joint venture to roll-out Loop's technology in the European market. The MOU will reduce the funding needs for Loop Industries' equity contributions to support the rollout of an increased number of facilities. Loop's LoopTM branded PET resin meets the requirements and standards outlined by the United States Pharmacopeia and the European Pharmacopeia, making it compliant for use in pharmaceutical industry packaging applications. The Ulsan ARC groundbreaking ceremony took place in South Korea, and construction of the Infinite LoopTM Ulsan facility is anticipated to commence in the first half of 2024. Loop Industries reported financial results for the third quarter of fiscal year 2024, with operating efficiencies and a net loss of $4,244 for the three-month period ended November 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.37%
Tags
earnings
-
News
Loop Industries Announces Its Loop(TM) Branded PET Resin Is Compliant for Pharmaceutical Industry Packaging Applications
Rhea-AI Summary
Loop Industries, Inc. (NASDAQ:LOOP) announced that its Loop™ branded PET resin meets the requirements outlined by the United States and European Pharmacopeia for use in pharmaceutical packaging applications. The company's 100% recycled PET resin has been tested and is compliant, offering sustainable packaging solutions for the pharmaceutical industry. Loop's PET resin can also be used in food-grade packaging, cosmetic packaging, and polyester fiber textile applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
none
News
Loop Industries to Participate in Upcoming Investor Conferences in November and December 2023
Rhea-AI Summary
Loop Industries, Inc. (LOOP) management will participate in investor conferences in November and December 2023, including the Bernstein 2nd Annual Industrials Forum, NobleCon19 19th Annual Emerging Growth Investor Conference, and Water Tower US Climate Investor Conference 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
conferences
-
News
Loop Industries Presents Its Infinite Loop(TM) Technology at Groundbreaking Ceremony of the Ulsan Advanced Recycling Cluster in South Korea
Rhea-AI Summary
Loop Industries, Inc. (NASDAQ:LOOP) announced the groundbreaking ceremony of SK Geo Centric's Ulsan Advanced Recycling Cluster in South Korea. The facility will manufacture 100% recycled PET plastic and polyester fiber, with an expected completion by the end of 2025. The event was attended by prominent figures, including the Prime Minister of South Korea and the Mayor of Ulsan. The facility is projected to produce 70,000 tonnes of 100% recycled virgin-quality Loop PET resin annually, resulting in significant CO2 savings equivalent to over 85 million liters of gasoline consumed or over 828 million kilometers driven by a gasoline car. Loop's CEO expressed pride in the partnership with SKGC and the company's strategic development plans for future facilities in Asia and France to support global brand partners' sustainability targets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.12%
Tags
none
-
News
Loop Industries To Present Its Infinite Loop(TM) Technology at Groundbreaking Ceremony of the Ulsan Advanced Recycling Cluster in South Korea
Rhea-AI Summary
Loop Industries, Inc. announced an updated schedule for the groundbreaking ceremony of the Ulsan Advanced Recycling Cluster (Ulsan ARC). The ceremony is now scheduled for November 15th, 2023, with a press conference planned on November 14th, 2023. Loop's Founder and CEO, Daniel Solomita, will present the Infinite Loop™ technology at the event. The Ulsan facility, in collaboration with SK geo centric, is expected to start construction by the end of 2023 and be completed by the end of 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.9%
Tags
conferences
News
Loop Industries to Participate at the BofA Securities 2023 Sustainability and Circular Materials Virtual Conference
Rhea-AI Summary
Loop Industries CEO to speak at BofA Securities Sustainability & Circular Materials Virtual Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
Tags
conferences
Stock LOOP logo
Loop Industries Inc

Nasdaq:LOOP

LOOP Rankings

#4093 Ranked by Market Cap
#1389 Ranked by Stock Gains
N/A Ranked by Dividends

LOOP Stock Data

132.13M
23.20M
60.02%
5.78%
1.69%
Other Chemical and Fertilizer Mineral Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Terrebonne

About LOOP

loop industries is an environmentally responsible manufacturer of pta (purified terephthalic acid) and eg (ethylene glycol), the two fundamental monomers used in the production of the polymer pet (polyethylene terephthalate)