Loop Industries Announces Offtake Agreement with Taro Plast to Supply Loop Dimethyl Terephthalate (DMT) Made From 100% Recycled Content
Loop Industries (NASDAQ:LOOP) has signed a significant offtake agreement with Taro Plast to supply Loop™ DMT (dimethyl terephthalate) from its planned Infinite Loop™ India facility. The facility, scheduled to launch in early 2028 through a joint venture with Ester Industries, will produce 70,000 tonnes of PET resin annually.
The Loop™ DMT will be used in automotive and specialty polymer applications, with Taro Plast becoming the first company to integrate this 100% recycled product into its portfolio. Independent testing has confirmed the high purity and performance of Loop™ DMT, which will be used in Taro Plast's TPC Pibiflex® and Riteflex® product lines.
The partnership represents a strategic expansion beyond Loop's traditional bottle-grade & fiber-grade PET resin offerings, diversifying revenue streams in the specialty polymers market.Loop Industries (NASDAQ:LOOP) ha siglato un importante accordo di off-take con Taro Plast per fornire Loop™ DMT (dimetil tereftalato) dalla futura struttura Infinite Loop™ India, prevista in avvio all'inizio del 2028 in joint venture con Ester Industries. L'impianto produrrà 70.000 tonnellate all'anno di resina PET.
Il Loop™ DMT sarà destinato ad applicazioni automobilistiche e di polimeri speciali, con Taro Plast che diventa la prima azienda a integrare questo prodotto al 100% riciclato nel proprio portafoglio. Verifiche indipendenti hanno confermato l'alta purezza e le prestazioni del Loop™ DMT, che troverà impiego nelle linee TPC Pibiflex® e Riteflex® di Taro Plast.
La partnership rappresenta un'espansione strategica oltre le tradizionali resine PET di grado bottiglia e fibre, ampliando le fonti di reddito nel mercato dei polimeri speciali.
Loop Industries (NASDAQ:LOOP) ha suscrito un importante acuerdo de off-take con Taro Plast para suministrar Loop™ DMT (dimetil tereftalato) desde su futura instalación Infinite Loop™ India. La planta, prevista para principios de 2028 mediante una empresa conjunta con Ester Industries, producirá 70.000 toneladas de resina PET al año.
El Loop™ DMT se utilizará en aplicaciones automotrices y de polímeros especializados, y Taro Plast se convertirá en la primera empresa en incorporar este producto 100% reciclado a su cartera. Pruebas independientes han confirmado la alta pureza y rendimiento del Loop™ DMT, que se empleará en las líneas de productos TPC Pibiflex® y Riteflex® de Taro Plast.
La asociación representa una expansión estratégica más allá de las resinas PET de grado botella y fibra, diversificando las fuentes de ingresos en el mercado de polímeros especializados.
Loop Industries (NASDAQ: LOOP)가 Taro Plast와 중요한 수주 계약을 체결하여 Infinite Loop™ India 설비에서 Loop™ DMT(디메틸 텔레프탈레이트)를 공급합니다. 이 시설은 Ester Industries와의 합작투자로 2028년 초 가동될 예정이며 연간 70,000톤의 PET 수지 생산을 목표로 합니다.
Loop™ DMT는 자동차 및 특수 고분자 응용 분야에 사용되며, Taro Plast는 이 100% 재활용된 제품을 포트폴리오에 처음으로 편입하는 기업이 됩니다. 독립적인 시험에서 Loop™ DMT의 고순도와 성능이 확인되었고, Taro Plast의 TPC Pibiflex® 및 Riteflex® 제품 라인에 사용될 예정입니다.
이 파트너십은 병류 및 섬유용 PET 수지 전통 구성 외의 영역으로 다각화를 추진하는 전략적 확장으로 간주됩니다.
Loop Industries (NASDAQ: LOOP) a signé un important accord d'approvisionnement avec Taro Plast pour fournir Loop™ DMT (diméthyl tétrahlaréthylate) à partir de sa future installation Infinite Loop™ India. L’usine, prévue pour début 2028 dans le cadre d’une coentreprise avec Ester Industries, produira 70 000 tonnes de résine PET par an.
Le Loop™ DMT sera utilisé dans des applications automobiles et des polymères spéciaux, Taro Plast devenant la première entreprise à intégrer ce produit 100% recyclé à son portefeuille. Des tests indépendants ont confirmé la haute pureté et les performances du Loop™ DMT, qui sera utilisé dans les gammes TPC Pibiflex® et Riteflex® de Taro Plast.
Ce partenariat représente une expansion stratégique au-delà des résines PET bottes et fibres, en diversifiant les flux de revenus sur le marché des polymères spéciaux.
Loop Industries (NASDAQ: LOOP) hat mit Taro Plast eine bedeutende Abnahmevereinbarung getroffen, um Loop™ DMT (Dimethylterephthalat) aus der geplanten Infinite Loop™ India-Anlage zu liefern. Die Anlage soll im Rahmen eines Joint Ventures mit Ester Industries Anfang 2028 in Betrieb genommen werden und 70.000 Tonnen PET-Harz pro Jahr produzieren.
Das Loop™ DMT wird in Automobil- und Spezialpolymer-Anwendungen eingesetzt, wobei Taro Plast das erste Unternehmen wird, das dieses zu 100 % recycelte Produkt in sein Portfolio integriert. Unabhängige Tests haben die hohe Reinheit und Leistung des Loop™ DMT bestätigt, das in den Produktlinien TPC Pibiflex® und Riteflex® von Taro Plast eingesetzt wird.
Die Partnerschaft stellt eine strategische Erweiterung jenseits der herkömmlichen Flaschen- und Faser-PET-Harze dar und diversifiziert die Umsatzströme im Markt für Spezialpolymere.
Loop Industries (NASDAQ: LOOP) قد وقّعت اتفاقية شراء مهمة مع Taro Plast لتزويد Loop™ DMT (ثنائي ميثيل terephthalate) من منشأة Infinite Loop™ India المخطط لها. من المزمع أن تبدأ هذه المنشأة في أوائل عام 2028 من خلال مشروع مشترك مع Ester Industries، وستنتج 70,000 طن من راتنج PET سنويًا.
سيستخدم Loop™ DMT في تطبيقات السيارات والبوليمرات الخاصة، لتصبح Taro Plast أول شركة تُدمج هذا المنتج المعاد تدويره بنسبة 100% في محفظتها. وقد أكدت اختبارات مستقلة نقاء وأداء Loop™ DMT العاليين، والذي سيُستخدم في خطوط منتجات TPC Pibiflex® وRiteflex® لدى Taro Plast.
تمثل الشراكة توسعًا استراتيجيًا خارج نطاق راتنجات PET للزجاجة والألياف، مع تنويع مصادر الدخل في سوق البوليمرات الخاصة.
Loop Industries（纳斯达克股票代码：LOOP） 已与 Taro Plast 签署了一项重要的需求采购协议，供应 Loop™ DMT（二甲基对苯二甲酸酯）自其计划中的 Infinite Loop™ India 工厂。该工厂将通过与 Ester Industries 的合资企业于 2028 年初投产，年产量为 70,000 吨PET树脂。
Loop™ DMT 将用于汽车及特种聚合物应用，Taro Plast 将成为第一家在其产品组合中引入这款100%回收再生产品的公司。独立测试已证实 Loop™ DMT 的高纯度与性能，该产品将应用于 Taro Plast 的 TPC Pibiflex® 与 Riteflex® 产品线中。
该伙伴关系代表了在瓶装和纤维级 PET 树脂之外的战略扩张，旨在多元化特种聚合物市场的收入来源。
- Strategic expansion into high-demand specialty polymers market beyond traditional PET resin
- Secured offtake agreement for planned 70,000-tonne annual production facility
- Independent testing confirms product quality meets industry standards
- Revenue stream diversification through new product offering
- Production facility not operational until early 2028
- Significant capital investment required for facility construction
Insights
Loop's partnership with Taro Plast diversifies revenue streams and validates their recycled DMT technology for high-value industrial applications.
Loop Industries has secured a significant offtake agreement with Taro Plast for supplying Loop™ DMT (dimethyl terephthalate) made from 100% recycled content. This represents a strategic expansion beyond Loop's core PET resin business into specialty chemicals with higher margins.
The agreement is tied to Loop's planned Infinite Loop™ India facility, a joint venture with Ester Industries scheduled to begin operations in early 2028. This facility is designed to produce 70,000 tonnes of PET resin annually along with Loop™ DMT.
What makes this particularly noteworthy is Taro Plast's independent verification that Loop's recycled DMT meets virgin-quality standards for demanding applications. DMT is a critical building block for specialty polymers used in automotive components and high-performance materials where quality specifications are exceptionally stringent.
This partnership delivers three key strategic benefits for Loop: 1) Revenue diversification beyond bottle and fiber-grade PET, 2) Entry into the higher-value specialty polymers market, and 3) Third-party validation of their technology's capability to produce chemical intermediates of sufficient purity for technical applications.
For context, virgin-quality recycled chemical intermediates like DMT represent a significant advancement in circular economy initiatives, as they enable the use of recycled content in applications that traditionally required virgin fossil-based materials due to performance requirements. The automotive industry, in particular, has been seeking viable solutions to incorporate more recycled content while maintaining stringent quality and safety standards.
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.
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.
MONTRÉAL, QUEBEC / ACCESS Newswire / September 16, 2025 / Loop Industries, Inc. (Nasdaq:LOOP; "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing
The Infinite Loop™ India manufacturing facility is designed 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 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,
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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Forward-Looking Statement:
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements regarding the anticipated benefits of the offtake agreement with Taro Plast, the expected timing of the India facility's commencement of operations, its planned production capacity, and the market opportunities for specialty polymers. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Actual results may differ materially from the projections discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. These risks and other factors include, but are not limited to, those listed under "Risk Factors." Additional factors that could materially affect these forward-looking statements and/or projections include, among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products and to license our technology in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection to them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts including trade disputes and increasing protectionist measures that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any SEC investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 28, 2025 filed with the SEC and in Loop's subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law.
Investor Relations:
Kevin C. O'Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com
SOURCE: Loop Industries
View the original press release on ACCESS Newswire
FAQ
What is the new agreement between Loop Industries (NASDAQ:LOOP) and Taro Plast?
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