Loop Industries’ breakthrough technology allows for all types of waste PET plastic and polyester fiber to be upcycled into high purity PET plastic suitable for use in food-grade packaging, like the kind used in water bottles. Loop’s transformative technology is disrupting the PET plastic and polyester fiber manufacturing, waste management and consumer goods packaging industries for the better.
Since the 1950s, humankind has produced over 8 billion tons of plastic from fossil fuels of which 5 billion has been disposed of in landfills or as litter. With plastic consumption expected to triple by 2050, consumers, governments and manufacturers are increasingly demanding sustainable solutions that cannot be satisfied by legacy recycling processes. Loop represents a technology breakthrough that enables a truly circular, closed-loop plastic supply chain.