Loop Industries
- Company typePublic
- Founded2014
- HeadquartersTerrebonne, Canada
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
Loop Industries firmographics
Firmographics- Name
- Loop Industries
- Legal name
- Loop Industries, Inc.
- Website
- https://loopindustries.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Loop Industries industry classification
Industry- Product category
- Recycled Plastics Technology
- NAICS
- Plastics Material and Resin Manufacturing (325211), Plastics Product Manufacturing (3261)
- SIC
- Industrial Organic Chemicals (2860)
- akta.pro primary industry
- Closed-Loop & Toll Reprocessing Services (Contract Recycling) (IMANAMAJ)
Keywords
Where Loop Industries is headquartered
LocationHeadquarters
- HQ city
- Terrebonne
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Loop Industries business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Technology Licensing: Loop licenses its Infinite Loop™ depolymerization technology to international partners who build and operate manufacturing facilities. Revenue includes upfront license fees (e.g., €10 million from Reed Société Générale Group for the first European license in December 2024), milestone payments during engineering and construction phases, and ongoing royalties as licensed facilities reach commercial operation. This is the primary high-value revenue stream supporting Loop's capital-light expansion model.
- Engineering Services: Loop provides technical assistance to technology licensees during facility development phases, including FEED (Front-End Engineering Design), detailed engineering oversight, and commissioning support. A $1.5 million engineering services agreement was signed with the India JV ELITe. Revenue from engineering fees is recurring as the global project pipeline advances.
- Offtake / Product Sales (Twist™ and Loop™ Resin): Loop sells its branded PET resin products — Loop™ PET for packaging applications and Twist™ for textile/fiber applications — directly to consumer brands. A multi-year offtake agreement with Nike anchors supply from the India facility (up to 15,000 metric tons annually). Additional offtake agreements exist with Taro Plast for DMT supply. Direct product sales are expected to grow as the India and Europe facilities reach commercial operation.
- Convertible Security and Loan Instruments: Loop structures financing through convertible preferred securities and loan agreements with financial partners. The €35 million agreement with Reed Management SAS includes both a convertible security (which converts to equity) and a loan component, providing non-dilutive capital to support global commercialization while offering investors potential equity upside.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Loop Industries product offering
Product offeringCore offering
Loop Industries operates a proprietary methanolysis-based depolymerization technology (Infinite Loop™) that converts no and low-value waste PET plastic and polyester fiber—including colored packaging, mixed textile waste, and ocean plastics—into base monomers DMT and MEG, which are purified and repolymerized into virgin-quality Loop™ PET resin for food-grade packaging applications and Twist™ polyester resin for textile applications. The company sells its branded resin products directly to enterprise consumer brands and licenses its technology to industrial partners who build and operate regional manufacturing facilities under a capital-light model.
Product overview
Loop Industries is a clean technology company operating a technology platform-plus-licensing model built around its proprietary Infinite Loop™ depolymerization technology. The core platform breaks down waste PET plastic and polyester fiber (from packaging and textiles) into base monomers DMT and MEG, which are purified and repolymerized into virgin-quality recycled materials. The company sells two branded product lines: Loop™ PET Resin for food-grade packaging applications (beverages, cosmetics, pharmaceuticals) and Twist™ Polyester Resin for textile-to-textile applications. Revenue is generated through product sales from Loop's flagship Terrebonne production facility, technology licensing fees (with the first license sold to Reed Société Générale in December 2024), engineering services to licensees, and equity stakes in joint ventures. The two major commercial deployments are Infinite Loop™ India (joint venture with Ester Industries in Gujarat, 70,000 tonnes capacity) and Infinite Loop™ Europe (joint venture with Reed Société Générale at BASF Industriepark Lausitz, Germany, 70,000 tonnes capacity, operational by 2030).
Differentiator
Problem solved
Functional benefit
Brands
- Twist™: High-performance circular polyester resin brand made exclusively from textile waste for textile and apparel customers, offering verifiable textile-to-textile recycled content.
Products and services
- Infinite Loop™ Technology Platform Patented depolymerization technology platform that breaks down no and low-value waste PET plastic and polyester fiber into base monomers DMT and MEG, which are then purified and repolymerized into virgin-quality recycled PET suitable for food-grade packaging and polyester fiber. Patented in more than 80 countries and licensed to industrial partners globally.
- Loop™ PET Resin Virgin-quality PET resin made from 100% recycled content using Infinite Loop™ technology. Suitable for food-grade packaging applications including beverages, cosmetics, and pharmaceuticals. Meets FDA, Health Canada, EU Cosmetics Regulation 1223/2009, and US/European Pharmacopeia standards.
- Twist™ Polyester Resin High-performance circular polyester resin brand made exclusively from textile waste for textile-to-textile recycling applications. Features full traceability via proprietary chemical tracer technology. Marketed under the tagline 'the better polyester made from textiles for textiles.'
- Loop™ DMT (Dimethyl Terephthalate) Recycled DMT monomer produced through the Infinite Loop™ depolymerization process, supplied to customers like Taro Plast for automotive and specialty polymer applications.
- Loop™ rMEG (Monoethylene Glycol) Recycled MEG monomer produced through the Infinite Loop™ depolymerization process, used alongside rDMT for polyester polymer production.
- Engineering Services Technical engineering support services provided to Infinite Loop™ technology licensees during facility development phases, including FEED (Front-End Engineering Design), detailed engineering oversight, and commissioning support. A $1.5 million engineering services agreement was signed with the India JV ELITe. Loop generates recurring revenue through engineering fees as the global project pipeline advances.
- Technology Licensing Capital-light licensing model allowing third parties to build and operate Infinite Loop™ manufacturing facilities using Loop's patented depolymerization technology. Loop earns upfront license fees (€10 million from Reed Société Générale Group for the first European license), milestone payments during engineering and construction phases, and ongoing royalties as licensed facilities reach commercial operation.
Quantifiable outcome
- 81% reduction in greenhouse gas emissions compared to virgin PET production; annual savings of up to 418,600 tonnes of CO₂ equivalent for a 70,000-tonne facility (equivalent to over 1 billion miles driven by gasoline passenger vehicles)
- +5 more outcomes
Companies that use Loop Industries
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
Loop Industries technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Loop Industries partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, flagship and secondary.
- BASFcoreLoop Industries' European joint venture selected BASF Industriepark Lausitz in Schwarzheide, Germany as the site for the first European Infinite Loop™ manufacturing facility. BASF provides the industrial park infrastructure (powered by BASF) for the 70,000-tonne-per-annum facility. The site selection marks the second Infinite Loop facility globally and the first under Loop's capital-light licensing model. The project advances into engineering and permitting phase. Integration within BASF's industrial park provides world-class infrastructure, operational expertise, and reduces execution risk.
- Toyo Engineering India Private LimitedcoreLoop Industries' India joint venture ELITe awarded Toyo Engineering India Private Limited the detailed engineering contract for the Infinite Loop™ India manufacturing facility. Toyo is a globally recognized EPC firm with over four decades of experience executing large-scale industrial and petrochemical projects across India. This contract covers the full scope of detailed design, procurement engineering, and technical documentation, representing the final engineering phase before construction begins.
- NikeflagshipLoop Industries signed a multi-year offtake agreement with Nike, making Nike the anchor customer for the Infinite Loop™ India manufacturing facility (jointly developed with Ester Industries). Under the agreement, Loop supplies Twist™ — its virgin-quality circular polyester resin made exclusively from textile waste — for use across Nike's athletic footwear and apparel product lines. Nike is the primary offtake customer for India's first textile-to-textile recycling facility, anchoring the commercial viability of Loop's largest JV project. The partnership supports Nike's targets of 65% cut in operations emissions and 30% across its supply chain by 2030.
- Hyosung TNCcoreLoop Industries and Hyosung TNC formed a strategic alliance combining Loop's patented Infinite Loop™ textile-to-textile recycling technology with Hyosung's fiber manufacturing expertise and customer network. Loop supplies Twist™ recycled polyester resin from its future India facility, which Hyosung converts into performance yarns under its Regen™ brand for fashion, sportswear, and other textile markets. The partnership also includes a collaboration with sustainable fashion brand Pleatsmama for limited-edition handbags made from 100% recycled drawn textured yarn using Loop's technology.
- Taro PlastsecondaryLoop Industries signed an offtake agreement with Taro Plast to supply Loop Dimethyl Terephthalate (DMT) made from 100% recycled content for automotive and specialty polymer applications. Taro Plast, based in Italy, will incorporate Loop's recycled DMT into its polymer product lines for the automotive and specialty sectors, supporting Loop's expansion into performance materials markets beyond packaging and textiles.
- Shinkong Synthetic FiberscoreLoop Industries and Shinkong Synthetic Fibers launched a strategic alliance to support the shift by global brands to circular polyester. The partnership combines Loop's patented Infinite Loop™ technology with Shinkong's yarn manufacturing capabilities and extensive global customer network in the apparel and textile sectors. Loop supplies Twist™ polyester resin from its upcoming India facility, and Shinkong manufactures and distributes yarns to its global customer base.
- On (On Running)secondaryLoop Industries collaborated with On to launch the Cloudeasy Cyclon, a sustainable shoe featuring an upper crafted from yarn made with Loop's 100% recycled polyester using the Infinite Loop™ textile-to-textile recycling technology. The shoe upcycles colored, multi-material textile waste destined for incineration into recycled polyester fiber. The collaboration combines On's commitment to performance and sustainability with Loop's depolymerization technology to create a shoe that can itself be recycled into new shoes endlessly.
- Reed Société Générale GroupflagshipLoop Industries partnered with Reed Société Générale Group to commercialize its Infinite Loop™ technology in Europe. The partnership includes a €35 million financing agreement (comprising convertible securities and loans) and the formation of Infinite Loop Europe, a 50/50 joint venture. Loop sold its first technology license to Reed Société Générale Group for a European Infinite Loop manufacturing facility, receiving a €10 million upfront license payment plus €10 million in convertible preferred financing. The JV selected BASF Industriepark Lausitz in Schwarzheide, Germany for its first 70,000-tonne-per-annum facility (expected operational by 2030). Loop will generate incremental engineering and license revenue during the development phase from 2026 onwards.
- Bormioli PharmasecondaryLoop Industries partnered with Bormioli Pharma to develop pharmaceutical packaging bottles made from Loop™ PET resin — Loop's 100% recycled, virgin-quality material. The collaboration, unveiled at Pharmapack Europe 2024, marks the first use of Loop™ PET in pharma-grade packaging. After more than a year of development and testing, the bottle meets strict European and US Pharmacopeia standards. The project supports Bormioli Pharma's EcoPositive program.
- Ester IndustriesflagshipLoop Industries partnered with Ester Industries (India) to build India's first large-scale textile-to-textile and packaging-to-packaging PET recycling facility through a 50/50 joint venture called ELITe (Ester Loop Infinite Technologies Private Ltd.). The JV is constructing a facility in Bharuch, Gujarat with 70,000 tonnes per annum PET resin capacity (plus 70,000 tonnes rDMT and 23,000 tonnes rMEG). The project has an estimated capital cost of $165–170 million, targeting commercial operation by end of 2027. Nike serves as the anchor customer. The JV signed an MoU with the Government of Gujarat, and Toyo Engineering India was awarded the detailed engineering contract.
Scale indicators17 records
Recent moves13 records
Expansion highlights9 records
Loop Industries competitors and assessment
Company assessmentBroad incumbents
- Veolia: Global environmental services and waste management company operating mechanical and chemical recycling facilities across Europe. Comparable to Loop as a recycling infrastructure provider serving brand owners' recycled-content needs, though primarily operating mechanical recycling rather than Loop's proprietary methanolysis chemistry.
- Suez Recycling and Recovery: Global environmental services and water management company with significant plastics recycling operations, including chemical recycling partnerships (notably Suez Ventures is listed as an investor in Loop Industries' funding rounds). Comparable to Loop as an integrated recycling operator and infrastructure partner pursuing circular plastics solutions.
- Indorama Ventures: One of the world's largest PET producers with significant recycled PET (rPET) capacity across global facilities and a stated ambition to scale chemical recycling. Comparable to Loop as a vertically integrated PET player pursuing both mechanical and chemical recycling pathways to meet brand-owner demand for recycled content in beverage and packaging applications.
- Eastman Chemical Company: Major US chemical company with a methanolysis-based PET recycling process (Eastman Renew) at its Kingsport, Tennessee facility, producing virgin-quality recycled PET for cosmetics, beverage, and durable goods packaging. Comparable to Loop as it uses a similar depolymerization approach for food-contact recycled PET at industrial scale, with broader chemical portfolio backing.
Direct peers
- Carbios: French biotech company developing enzymatic depolymerization technology to recycle PET plastic and polyester fiber into virgin-quality monomers. Directly comparable to Loop as both target the same end markets (packaging and textile PET/polyester recycling) with chemistry-based recycling approaches aimed at brand owners seeking food-grade and textile-grade recycled content.
Emerging players
- Origin Materials: US-based company producing sustainable PET precursors (PTA and MEG) from biomass feedstocks for use in packaging and textile applications. Comparable to Loop as a supplier of virgin-equivalent PET/polyester inputs targeting brand-owner sustainability commitments in beverage bottles, packaging, and apparel.
- Ioniqa Technologies: Dutch startup commercializing glycolysis-based chemical recycling of PET into virgin-quality monomers, with backing from major chemicals companies (e.g., Unilever, CHEP). Comparable to Loop as a chemistry-based PET recycler targeting packaging and textile applications, though using a different depolymerization chemistry (glycolysis vs Loop's methanolysis).
- Plastic Energy: UK-based company specializing in pyrolysis-based chemical recycling of mixed and contaminated plastic waste into pyrolysis oil for new plastic production. Adjacent comparable to Loop as a chemical recycling technology provider targeting circular plastics, though focused on polyolefins and pyrolysis rather than Loop's PET-focused methanolysis approach.
- gr3n Recycling: Swiss-based startup developing chemical recycling technology for PET and polyester textiles using a microwave-assisted depolymerization process. Comparable to Loop as a chemistry-based PET recycler targeting textile and packaging applications, though using a different technological approach to depolymerization.
Others
- SK Geo Centric: South Korean petrochemical company focused on circular economy, advanced recycling, and circular plastics solutions. Comparable to Loop both as a strategic investor ($56.5M investment in Loop in 2021) and as a peer pursuing its own chemical recycling capacity in Asia, with overlapping technology pathways for PET and polyester depolymerization.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Loop Industries social profiles
Digital presenceLoop Industries compliance and trust
Trust signalCompliance7 records
Loop Industries financial estimates
Financial estimateRevenue estimate
Valuation estimate
Loop Industries leadership team
Management profileNumber of profiles
Profiles10 records
Loop Industries subsidiaries and ownership
Company hierarchySubsidiaries3 records
Loop Industries funding detail
Funding detailFunding overview
Funding rounds6 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Loop Industries M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Loop Industries
What does Loop Industries do?
Loop Industries operates a proprietary methanolysis-based depolymerization technology (Infinite Loop™) that converts no and low-value waste PET plastic and polyester fiber—including colored packaging, mixed textile waste, and ocean plastics—into base monomers DMT and MEG, which are purified and repolymerized into virgin-quality Loop™ PET resin for food-grade packaging applications and Twist™ polyester resin for textile applications. The company sells its branded resin products directly to enterprise consumer brands and licenses its technology to industrial partners who build and operate regional manufacturing facilities under a capital-light model.
Is Loop Industries a public or private company?
Loop Industries is a public company. It is classified as public and is currently operating.
When was Loop Industries founded?
Loop Industries was founded in 2014. It employs 51 to 100 people.
Where is Loop Industries based?
Loop Industries is headquartered in Terrebonne, Canada, in the North America region.
How does Loop Industries make money?
Four revenue lines are on record. Technology Licensing is the primary driver. The others are engineering Services, offtake / Product Sales (Twist™ and Loop™ Resin) and convertible Security and Loan Instruments.
Who are Loop Industries's main competitors?
Broad incumbents on record are Veolia, Suez Recycling and Recovery, Indorama Ventures and Eastman Chemical Company. Carbios is listed as a direct peer. Emerging players are Origin Materials, Ioniqa Technologies, Plastic Energy and gr3n Recycling. SK Geo Centric is listed as an others.
Does Loop Industries have an API?
No public API is recorded for Loop Industries.
What industry is Loop Industries in?
Loop Industries's product category is Recycled Plastics Technology. Its primary akta.pro industry code is IMANAMAJ, Closed-Loop & Toll Reprocessing Services (Contract Recycling). Its NAICS code is 325211 and its SIC code is 2860.