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 (LOOP) delivers transformative recycling solutions through its proprietary depolymerization technology, converting plastic waste into high-quality materials for global industries. This news hub provides investors and sustainability professionals with essential updates on corporate developments, strategic partnerships, and technological breakthroughs.
Access real-time announcements covering earnings reports, licensing agreements, manufacturing expansions, and environmental milestones. Our curated collection features press releases about Loop's circular economy initiatives, PET recycling innovations, and collaborations driving sustainable manufacturing worldwide.
Discover updates categorized for quick navigation: financial performance disclosures, technology patent developments, international joint ventures, and industry recognition. Bookmark this page for streamlined access to verified information supporting informed decisions about Loop's role in sustainable materials innovation.
Loop Industries (NASDAQ:LOOP) will participate in a fireside chat with Water Tower Research on August 23, 2022, at 11am EDT. Daniel Solomita, the Founder and CEO, will discuss the company's mission to accelerate a circular plastics economy through 100% recycled PET plastic and polyester fiber. Loop utilizes patented technology to recycle low-value PET waste into virgin-quality resin suitable for food-grade packaging. This initiative supports sustainability efforts and aims to reduce plastic waste.
Loop Industries (NASDAQ:LOOP) announced participation in the 42nd Annual Canaccord Genuity Growth Conference from August 8-11, 2022. CFO Drew Hickey and VP of Communications Kevin O'Dowd will present on August 11th at 10:00 A.M. Eastern time, with one-on-one meetings throughout the event. The presentation will be webcast live and available for replay.
Loop is dedicated to creating a circular economy through 100% recycled PET plastic and polyester fiber, utilizing proprietary technology to convert waste plastics into virgin-quality resin.
Loop Industries, Inc. (NASDAQ:LOOP) provided a Q1 FY2023 update, reporting a net loss of $18.01 million, an increase of $5.85 million from the prior year. General and administrative expenses surged by $7.88 million, mainly due to stock-based compensation tied to a supply agreement. The company upgraded its Terrebonne facility to enhance production capacity and is advancing plans for the Infinite Loop facilities in North America, Europe, and Asia. CEO Daniel Solomita emphasized a focus on financing plans for commercialization and the transformative potential of Loop's sustainable plastics technology.
Loop Industries (NASDAQ: LOOP) will discuss its Q1 2023 financial results during a corporate update call on July 14, 2022, at 10:00 AM ET. The results are set to be announced after the market closes on July 13. Loop focuses on producing 100% recycled PET plastic and polyester fiber, supporting a circular economy. Participants can join via various toll-free numbers from countries including Canada, the USA, and the UK. A recording of the call will be available until July 28, 2022.
Loop Industries, along with SUEZ and SK Geo Centric (SKGC), has announced an expanded partnership to establish the first Infinite Loop manufacturing facility in Europe. SKGC will become an equal partner in this venture, enhancing the project with its petrochemical expertise. The facility aims to produce 70,000 M/T of 100% recycled PET plastic, targeting European sustainability goals and potentially saving over 255,000 tons of CO2 emissions annually. Construction is expected to start in 2023, supporting 2025 recycled content targets for consumer brands.
Loop Industries (Nasdaq:LOOP) will present at three investor conferences in June 2022. The events include the Stifel 2022 Cross Sector Insight Conference on June 7 at 9:10 AM EDT in Boston, the Scotiabank ESG Conference and Sustainability Summit on June 14-15 virtually, and the ROTH London Conference from June 21-23 in London. Loop Industries focuses on sustainable PET plastic and polyester fiber, utilizing proprietary technology to convert waste plastics into virgin-quality materials, contributing to a circular economy.
Loop Industries, a clean tech company focused on recycled PET, announced a multi-year supply agreement with Danone for increased production from its Bécancour facility. In fiscal 2022, the company reported a net loss of $44.9 million, driven by increased R&D expenditures and a contingency loss from a legal settlement. The company has completed facility upgrades and engineering design work, positioning itself for growth in the recycling sector. Loop aims to meet rising demand for sustainable packaging in North America and Europe, with significant expansions planned for Asia.
Loop Industries has secured a multi-year supply agreement with Danone to provide Loop™ PET resin made from 100% recycled content. This 5-year deal will supply Danone brands, including evian, from the upcoming Infinite Loop™ manufacturing facility in Bécancour, Quebec, set to begin production in Q4 2024. This agreement reinforces Loop's commitment to a circular economy in packaging and highlights its successful technology validation, boosting its market position as a leader in sustainable plastics.
Loop Industries (NASDAQ:LOOP) announced its participation in three key investor conferences in May 2022. The conferences include the Wells Fargo Industrials Conference on May 4-5, the Oppenheimer's 7th Annual Emerging Growth Conference on May 10, and the Citi's Global Energy, Utilities, and Climate Technology Conference on May 10-11. Loop Industries focuses on sustainable PET plastic and polyester fiber, converting waste materials into high-quality products. This commitment supports the global transition towards a circular economy.
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