Loop Industries, Inc.
loopindustries.comLoop Industries (NASDAQ: LOOP) is a chemical recycling technology company that depolymerizes waste PET plastic and polyester into virgin-quality monomers for reuse in new PET resin. The company has generated minimal revenue to date, reporting $10,889 thousand for the fiscal year ended February 28, 2025, compared to $153 thousand for the fiscal year ended February 29, 2024. Loop has incurred net losses since its inception in 2010, with a net loss of $15.1 million for the fiscal year ended February 28, 2025, and has financed operations primarily through equity and debt issuances. The company is pursuing commercialization through joint ventures, licensing, and manufacturing agreements, including a 50/50 joint venture with Ester Industries in India (announced May 1, 2024) and development activities in Europe with Reed Societe Generale Group. Headquarters are in Terrebonne, Quebec, Canada. Loop has not achieved profitable operations as of the filing date of May 29, 2025.
Products & Services
Loop's primary product is Loop PET resin, a 100% recycled polyethylene terephthalate resin produced using its proprietary Infinite Loop Technology, which depolymerizes waste PET and polyester feedstocks. The company operates a facility in Terrebonne, Quebec, and is developing Infinite Loop manufacturing facilities in India and Europe.
Revenue Model
Loop generates revenue from sales of Loop PET resin and related technology activities. Revenues were $10,889 thousand for the fiscal year ended February 28, 2025. The company also previously entered capacity reservation agreements with customers, including a $1,000 thousand deposit received in October 2022 that was subject to a termination agreement in January 2024, with repayment scheduled for July 1, 2027.
Customers & Markets
End markets include food and beverage packaging, textiles, and apparel brands seeking recycled content. One customer entered a capacity reservation agreement for Loop PET resin supply, but terminated that agreement in January 2024 citing technical reasons for abandoning recycled PET incorporation. The India joint venture targets demand from global brands in textiles and circular fashion.
Geographic Exposure
Loop operates a laboratory and plant facility in Terrebonne, Quebec, Canada. Active development projects are underway in India, through the 50/50 joint venture with Ester Industries, and in Europe, through collaboration with Reed Societe Generale Group. The company is incorporated in Nevada.
Source: SEC 10-K, filed 2025-05-29
Financial Snapshot
Loading...
