News from our members - Loop Industries
Throwback to December 2018 - The Wall Street Journal reports about Loop Industries.
In December 2018, the Wall Street Journal published an article regarding consumer concern about recyclability, stricter regulation and companies trying to find a solution to these problems - putting the focus on Loop Industries, member of the Petcore Europe PET Monomer Recycling Special Industry Group.
Loop Industries is a technology and licensing company whose mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any colour, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and repolymerized to create virgin-quality Loop™ branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives. Through our customers and production partners, Loop is leading a global movement toward a circular economy by raising awareness of the importance of preventing and recovering waste plastic from the environment to ensure plastic stays in the economy for a more sustainable future for all.