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Loop Industries logo — Accelerating a fully circular plastics economy. | Accélérer...

Loop Industries

Accelerating a fully circular plastics economy. | Accélérer une économie entièrement circulaire des plastiques.

Founded 2015 Canada Terrebonne, Canada 55 employees Post-IPO Debt Total: $126.50M Design

General Information

Company Name Loop Industries
Founded Year 2015
Location Canada Terrebonne, Canada
Employees 55
Industries Design
Funding Stage Post-IPO Debt
Social

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About Loop Industries

Loop Industries is a clean technology company established in 2015 with the goal of driving the global transition towards sustainable PET plastic and polyester fiber while reducing dependence on fossil fuels. The company's patented technology enables the depolymerization of no and low-value waste PET plastic and polyester fiber, including various types of plastic waste and even degraded ocean plastics, into its base building blocks (monomers). These monomers are then filtered, purified, and polymerized to create Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber. Loop Industries, based in Canada, recently secured a notable $56.50M Post-IPO Equity investment on 23 June 2021 from SK geo centric, signifying growing investor confidence in the company's potential to contribute to a more sustainable future. Loop Industries' dedication to promoting a circular economy by reducing and recovering waste plastic underpins its significance within the environmental technology sector. For more information, please visit www.loopindustries.com.

Business keywords: clean technology, sustainable plastics, PET plastic, polyester fiber, circular economy, plastic waste management, depolymerization technology, recycling innovation, sustainable packaging, renewable resources, environmental sustainability, waste recovery, innovative materials, green technology

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Debt €35.00M 1
Reed Management
30 May 2024
Post IPO Equity $56.50M 1
SK geo centric
SK geo centric
23 Jun 2021
Post IPO Equity $35.00M 1
Northern Private Capital (NPC)
17 Jun 2019

Loop Industries Alternatives & Competitors

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FAQ About Loop Industries

Accelerating a fully circular plastics economy. | Accélérer une économie entièrement circulaire des plastiques.
Loop Industries was founded in 2015.
Loop Industries is headquartered in Terrebonne, Canada.
Loop Industries operates in Design. Its work centres on clean technology, sustainable plastics, PET plastic and polyester fiber.
Loop Industries has approximately 55 employees.
Loop Industries has completed 3 funding rounds, raising a total of $126.50M. The latest funding stage is Post-IPO Debt.
Top alternatives and competitors to Loop Industries include FIBandCO, Regenesi, Cereplast, FLOWCO®️, Bioeutectics. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Loop Industries and FIBandCO are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Loop Industries, https://bouncewatch.com/company/loop-industries, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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