Loop Industries Inc

Loop Industries, Inc. is a technology company that depolymerizes waste polyethylene terephthalate (PET) plastics and polyester fibers into base building block monomers. Its process converts plastic bottles, packaging, and textiles such as carpets and clothing into dimethyl terephthalate and monoethylene glycol. These polymerized monomers are used to produce virgin-quality PET resins for food-grade plastic packaging, including water and carbonated soft drink bottles, food containers, and other consumer products, as well as polyester fibers for textiles, clothing, and apparel. Founded in 2010, the company is headquartered in Terrebonne, Canada.