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Loop Industries, Inc. (LLPP)
Loop Industries, Inc. is an environmentally responsible manufacturer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG). These are the basic chemical components used in manufacturing polyethylene terephthalate (PET). Loop's industrial quality chemicals are made from 100 percent recycled PET plastic. Loop Industries has its headquarters in Los Angeles, California. The company's shares trade on the OTCQB.
Loop's proprietary process sustainably changes waste plastics into high purity PTA and EG. This makes it environmentally friendly, sophisticated in its functional simplicity, and also very efficient reaching a recovery rate of close to100 percent. PET plastic is most frequently found in beverage bottles, consumer packaging, and polyester fiber.
The company's proprietary process sustainably transforms waste plastics into high purity PTA and EG, which can be used to create up to 100 percent recycled food grade PET resin. This commercial grade PET resin can be used in an assortment of bottling, consumer packaging, as well as other industrial applications.
Loop Industries' products include the abovementioned Purified Terephthalic Acid. This is an organic compound and this white powder is a commodity chemical used chiefly as a forerunner to polyethylene terephthalate (PET) plastic.
In addition, the company's products include the aforementioned Ethelyne Glycol. This is an organic compound. Ethelyne Glycol is primarily used as a raw material in the manufacture of polyester fibers and polyethylene terephthalate resins (PET). Also, a small percent is used in industrial applications. This includes antifreeze formulations and other industrial products.
Loop's Pilot plant is completed and has been operational since December 2015. This facility was built to further validate Loop's depolymerization technology and to demonstrate its ability to scale production of sustainably produced Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG) to commercials levels.
In July of 2016, Loop Industries announced that it received a positive opinion letter from its Food and Drug Administration (FDA) counsel confirming that the company's proprietary depolymerization technology enables a tertiary recycling process that the FDA determined will result in the production of monomers and oligomers, which are sufficiently pure to produce new polymers. These can then be readily purified to produce a finished polymer that is "suitable for food-contact use."
Also, Loop Industries' products include PET Resin. The Loop Process can use previously unrecyclable mixed plastics as a feedstock, substantially lessening the production cost of its PTA and EG end-products, which can undergo re-blending into high quality food-grade PET.
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