Loop Industries Stock Price, News & Analysis

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.

Loop Industries, based in Montreal, will have its CEO, Daniel Solomita, present at three major investor conferences in March 2022. These include the Raymond James Institutional Investors Conference on March 7, the 34th Annual Roth Conference from March 13-15, and the Gabelli Waste & Recycling Conference on March 31. Loop aims to promote a circular economy by producing 100% recycled PET plastic and polyester fiber. The company is also progressing on its Canadian facility in Bécancour and has established a joint venture with SK geo centric for further global expansion.

Loop Industries has selected Port-Jérôme in Normandy, France, for its first European Infinite Loop™ manufacturing facility, aiming to support sustainability objectives of consumer packaged goods companies. The facility is expected to produce 70,000 tonnes of virgin-quality PET resin from 100% recycled content annually, saving 255,000 tonnes of CO₂ emissions each year. With a capital investment of approximately €250 million, it will create 180 jobs and is anticipated to commence operations in about 18 months, following permitting and funding discussions with the French government.

Loop Industries reported an update on its Infinite Loop project, focusing on capital spending and engineering progress. The company initiated site preparation in Bécancour, Québec, and ordered long-lead equipment, aiming to align with Canada's 2030 plastic waste targets. Revenue remains unchanged, with a net loss of $10.1 million for Q3 2021, improved from $14.2 million a year prior. Research and development expenses rose to $6.8 million, partly due to increased headcount. CEO Daniel Solomita will discuss developments during a corporate call on January 12, 2022.