Loop industries announces selection of port-jÉrÔme, in normandy, france, as site for first european infinite loop manufacturing facility

Facility to support sustainability objectives of european consumer packaged goods companies breaking ground of new facility targeted for 2023 with facility startup and commissioning approximately 18 months later infinite loop™ manufacturing model designed to produce 70,000 tonnes of virgin-quality pet resin made from 100% recycled content annually projected 255,000 tonnes of co2 savings annually[1] compared to virgin pet resin made from fossil fuels montreal, qc / accesswire / january 16, 2022 / loop industries, inc. (nasdaq:loop) (the "company" or "loop"), a clean technology company, whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("pet") plastic and polyester fiber, today announced the selection of the site for its first european infinite loop™ manufacturing facility. as previously disclosed, loop and leading french environmental services group suez, have announced their intent to form a joint venture to build the first infinite loop™ manufacturing facility in europe.
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