Welcome to our dedicated page for Loop Industries news (Ticker: LOOP), a resource for investors and traders seeking the latest updates and insights on Loop Industries stock.
Loop Industries, Inc. (Nasdaq: LOOP) is a clean technology company focused on converting waste PET plastic and polyester textile waste into virgin-quality PET resin through its patented depolymerization process. The Loop Industries news feed on Stock Titan aggregates company-issued press releases and other coverage so readers can follow how the business is advancing its technology, partnerships and commercialization plans.
Recent news highlights Loop’s progress on its Infinite Loop™ India project, a joint venture with Ester Industries. Updates include the agreement to acquire a 93-acre site in Gujarat, India for an Infinite Loop™ manufacturing facility, the award of a detailed engineering contract to Toyo Engineering India Private Limited, and the execution of engineering services agreements under which Loop provides engineering support to the India joint venture. News items also cover multi-year offtake agreements for Twist™ polyester with Nike, Inc. and a leading global sports apparel company, as well as an offtake agreement with Taro Plast S.p.A. for Loop™ DMT from the planned India facility.
Coverage further includes strategic alliances with Hyosung TNC and Shinkong Synthetic Fibers Corporation to expand access to textile-to-textile circular polyester, the launch of Twist™ as a branded circular polyester resin made entirely from textile waste, and periodic financial results where Loop reports revenues from Loop™ PET resin and engineering services. Corporate updates such as the appointment of a new Chief Financial Officer and details of annual stockholder meetings are also reflected.
Investors and observers can use this news page to review Loop’s disclosed milestones in project development, customer agreements, joint ventures, financing arrangements and operational performance, all in one place.
Loop Industries (NASDAQ:LOOP) reported Q1 fiscal 2026 results and provided updates on its India and European expansion plans. The company reported revenues of $252,000, up from $6,000 in the same period last year, and reduced its net loss to $3.45 million from $5.19 million.
In India, Loop is finalizing site selection between two locations in Gujarat province and signed a $1.5 million engineering services agreement with ELITe. The total investment for the Indian facility is estimated at $176 million, which will include a continuous polymerization line. KPMG has been retained to manage debt syndication.
The company ended Q1 with $12.3 million in total available liquidity and reduced cash operating expenses by $2.2 million year-over-year to $2.6 million. Loop is also progressing with site selection for its first European facility in partnership with Reed Societe Generale Group, implementing a modular construction strategy to reduce costs and accelerate project timelines.
Loop Industries (NASDAQ:LOOP), a clean technology company focused on creating a circular plastics economy and circular fashion through 100% recycled PET plastic and textile-to-textile polyester fiber manufacturing, has announced its participation in the upcoming Gabelli Funds' 11th Annual Waste & Sustainability Symposium.
The event will take place on April 3rd, 2025 at The Harvard Club in New York City, where Loop's Founder and CEO Daniel Solomita and Head of Investor Relations Kevin O'Dowd will present at 2:15 PM. The company will conduct a group presentation and engage in one-on-one meetings with institutional investors and financial analysts. Virtual participation options are available through the Gabelli Funds conference portal.
Loop Industries (NASDAQ:LOOP), a clean technology company focused on manufacturing 100% recycled PET plastic and textile-to-textile polyester fiber, has announced key senior leadership changes to support its technology commercialization phase.
The company has promoted Adel Essadam to Chief Operating Officer from his previous role as VP of Science and Technology. Essadam, a recognized expert in plastic chemical recycling, will lead commercial facilities development and global technology licensing initiatives, including involvement in joint ventures with Reed Societe Generale Group and Ester Industries.
Giovanni Catino has been appointed Chief Revenue Officer, advancing from VP of Sales, to lead global supply chain development and polyester fiber partnerships. Additionally, Nicolas Lafond will serve as Interim CFO, replacing Fady Mansour who is departing immediately. The company also welcomed Spencer Hart, a 30-year investment banking veteran, to its Board of Directors on February 10, 2025.
Loop Industries (NASDAQ:LOOP) announced a three-way collaboration with Hyosung TNC and Pleatsmama to produce 100% recycled drawn textured yarn for -edition handbags. The initiative utilizes Loop's Infinite Loop™ textile-to-textile recycling technology, which transforms low-value mixed polyester textile waste into virgin-quality polyester.
The collaboration demonstrates a significant advancement in circular fashion, with Loop supplying recycled polyester chips, Hyosung TNC converting them into high-performance yarn, and Pleatsmama creating eco-friendly handbags. The technology offers substantial environmental benefits, reducing greenhouse gas emissions by up to 80% and requiring up to 91% less non-renewable primary energy compared to traditional virgin polyester production.
This innovation addresses a critical market need, as polyester represents approximately half of the textile market, reaching an estimated 71 million metric tons in 2023. The Infinite Loop™ technology can recycle even the lowest-value polyester waste, regardless of color or composition, providing a sustainable solution for textile waste that traditionally ends up in landfills or is incinerated.
Loop Industries (NASDAQ:LOOP) reported Q3 fiscal 2025 results and significant business developments. The company closed financing and technology licensing transactions with Reed Societe Generale Group for total cash proceeds of $20.8 million, including the issuance of Series B Convertible Preferred Stock and its first technology license sale for European deployment.
The company's Infinite Loop India project is advancing with partner Ester Industries, with groundbreaking expected in Q2 2025 and operations starting in 2027. The facility will produce T2T polyester fiber and bottle-grade PET resin.
Financial results showed revenue of $52,000 for Q3, up from $26,000 in the same period last year. The company recorded a net loss of $11.9 million, compared to $4.2 million in Q3 2023, primarily due to an $8.46 million equipment impairment charge following the termination of the SK Geo Centric joint venture in South Korea.
Loop Industries (Nasdaq:LOOP), a clean technology company focused on manufacturing 100% recycled PET plastic and textile-to-textile polyester fiber, has successfully closed its previously announced strategic and financing transaction with Reed Societe Generale Group. The transaction was completed according to the terms and conditions disclosed by the Company on December 12, 2024, marking a significant step in Loop's mission to accelerate a circular plastics economy.
Loop Industries (LOOP) has secured two significant €10 million transactions with Reed Societe Generale Group: a convertible preferred security financing and its first Infinite Loop™ technology license sale. The convertible preferred security includes a 13% PIK dividend rate, 5-year term, and is convertible to Loop common stock at $4.75 per share.
A European partnership, owned 90% by Reed Societe Generale Group and 10% by Loop, will be formed to develop Infinite Loop™ manufacturing facilities in Europe. Loop maintains the right to increase its stake up to 50% in each facility. The proceeds will support the construction of the Infinite Loop™ facility in India with Ester Industries and finance Loop's operational cash requirements.
Loop Industries (NASDAQ:LOOP) has announced its participation in the 13th Annual ROTH Technology Conference, scheduled for November 19-20, 2024 at the Hard Rock Hotel in New York City. The conference will feature one-on-one and small group meetings, providing attendees with a unique opportunity to engage directly with Loop's executive team.
Loop Industries, a clean technology company focused on manufacturing 100% recycled PET plastic and polyester fiber, will be represented by CEO Daniel Solomita, CFO Fady Mansour, and Head of Investor Relations Kevin O'Dowd. The team will be available for 40-minute sessions throughout the two-day event, offering insights into Loop's technology, strategic direction, and future plans in PET plastic recycling and circular economy contributions.
This conference provides an excellent platform for Loop Industries to showcase its innovative approach to accelerating a circular plastics economy and engage with potential investors.
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