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MONTREAL, QC / ACCESSWIRE / October 11, 2022 / Loop Industries, Inc. (Nasdaq:LOOP) (the “Firm” or “Loop”), a clear know-how firm whose mission is to speed up a round plastics economic system by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber and L’OCCITANE en Provence, a worldwide producer and retailer of sustainable magnificence and wellness merchandise, at the moment unveiled a brand new bottle for the model’s Almond Bathe Oil that was created via Loop’s revolutionary know-how.
Picture: L’OCCITANE en Provence Almond Bathe Oil bottle created from 100% recycled Loop™ PET resin
Loop Industries has partnered with L’OCCITANE en Provence to assist meet the model’s sustainability purpose of utilizing 100% recycled PET in its bottles by 2025. In partnership with the model, a pilot challenge was executed the place the enduring Almond Bathe Oil bottle (excluding cap and label) was produced utilizing 100% recycled Loop™ PET resin and was efficiently carried out on L’OCCITANE manufacturing traces. This initiative marks a big step ahead within the partnership between the 2 firms and units the pathway to implement Loop’s know-how throughout different merchandise within the model’s assortment.
As a part of this partnership with L’OCCITANE en Provence, Loop’s branding is featured prominently on the entrance of the packaging, with extra particulars talking to the know-how on the again label. The first placement and visibility of Loop branding on the packaging is a significant element of this initiative because it acts as an indicator for true circularity and the standard of the fabric, highlighting the bottle’s capability to recirculate within the economic system infinitely, with out degrading in high quality. The presence of Loop branding on the packaging provides robust worth because it permits the model to make a strong assertion in sustainability and helps carry visibility to the recyclable potential of the product, supporting Loop’s mission to speed up a round plastics economic system.
Loop is at the moment supplying main client model firms, together with L’OCCITANE en Provence, with 100% recycled virgin-quality PET resin that’s appropriate for food-grade packaging and polyester fiber use via its Terrebonne, Quebec manufacturing facility. Loop has not too long ago accomplished upgrades to the ability which has elevated manufacturing capability on the plant. Loop, together with strategic companions SUEZ and SK Geo Centric, plan to commercialize Loop’s know-how in Europe via its deliberate Infinite Loop™ France facility which is able to assist provide European client manufacturers, together with L’OCCITANE en Provence, with 100% recycled Loop™ PET resin for use in merchandise and packaging.
Commenting on the activation, David Bayard, Packaging R&D Director at L’OCCITANE en Provence mentioned “L’OCCITANE en Provence may be very aware of the significance of eco-design and sustainable packaging. We now have been launching eco-refill merchandise, in-store collections and recycling providers and bottles made out of 100% recycled plastic for greater than 13 years and are persevering with to progress on this. We’re proud to accomplice with Loop Industries, whose modern know-how will assist us in reaching our goal of 100% sustainable PET plastic in all our bottles by 2025. The modern know-how they supply is a game-changer that may assist us play an element in addressing the rising world concern over plastic air pollution.”
Daniel Solomita, Loop’s Founder and CEO, said “We’re thrilled to accomplice with L’OCCITANE en Provence of their journey in the direction of sustainability and to leverage our know-how with the model, serving to them progress in the direction of assembly their 2025 purpose. The mixing of Loop’s branding serves as a visible reference to the infinitely recyclable capabilities of our product and know-how, permitting shoppers and firms alike to change into lively companions in our steady efforts in establishing a round economic system for plastics. We now have completed one other thrilling milestone by finishing the upgrades to our plant in Terrebonne, Quebec the place we are actually in full manufacturing supplying world model firms with Loop™ branded PET resin for use in food-grade packaging and for polyester fiber use.”
About L’OCCITANE en Provence
Since 1976, L’OCCITANE en Provence has been devising, producing and promoting magnificence, skincare and wellbeing merchandise with the intention of sharing nature’s wonders with the world. We imagine that by reviving the energy of all residing issues, we can assist seeds bloom once more and reconcile people with nature. We’re Cultivators of Change. Yearly, we plant highly effective components that are in excellent symbiosis with their ecosystems. We flip to Mom Earth and marvel at her in bloom. We discover her treasures and query our personal strategies to find new breakthroughs. We craft them into surprising recollections. We staff up with folks at a neighborhood stage as a result of we imagine that any motion could make a distinction, irrespective of how massive or small.
About Loop Industries
Loop Industries is a know-how firm whose mission is to speed up the world’s shift towards sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary know-how that depolymerizes no and low-value waste PET plastic and polyester fiber, together with plastic bottles and packaging, carpets and textiles of any shade, transparency or situation and even ocean plastics which were degraded by the solar and salt, to its base constructing blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin appropriate to be used in food-grade packaging and polyester fiber, thus enabling our prospects to fulfill their sustainability goals. Loop™ PET plastic and polyester fiber will be recycled infinitely with out degradation of high quality, efficiently closing the plastic loop. Loop Industries is contributing to the worldwide motion in the direction of a round economic system by lowering plastic waste and recovering waste plastic for a sustainable future.
Frequent shares of the Firm are listed on the NASDAQ International Market below the image “LOOP.”
For extra info, please go to www.loopindustries.com. Observe Loop on Twitter: @loopindustries, Instagram: loopindustries, Fb: Loop Industries and LinkedIn: Loop Industries
Ahead-Wanting Statements
This information launch accommodates “forward-looking statements” as outlined within the U.S. Personal Securities Litigation Reform Act of 1995. Such statements could also be preceded by the phrases “intends,” “could,” “will,” “plans,” “expects,” “anticipates,” “ought to,” “might,” “tasks,” “predicts,” “estimates,” “goals,” “believes,” “hopes,” “potential” or “proceed” the unfavourable of such phrases or related phrases. These forward-looking statements embody, with out limitation, statements about Loop’s market alternative, its methods, capability to enhance and broaden its capabilities, competitors, anticipated actions and expenditures as Loop pursues its marketing strategy, the adequacy of its obtainable money assets, regulatory compliance, plans for future development and future operations, the dimensions of Loop’s addressable market, market traits, and the effectiveness of Loop’s inner management over monetary reporting. Ahead-looking statements are usually not ensures of future efficiency, are based mostly on sure assumptions and are topic to numerous recognized and unknown dangers and uncertainties, a lot of that are past Loop’s management, and can’t be predicted or quantified and consequently, precise outcomes could differ materially from these expressed or implied by such forward-looking statements. Such dangers and uncertainties embody, with out limitation, dangers and uncertainties related to amongst different issues: (i) commercialization of Loop’s know-how and merchandise, (ii) Loop’s standing of relationship with companions, (iii) improvement and safety of Loop’s mental property and merchandise, (iv) trade competitors, (v) Loop’s want for and skill to acquire extra funding relative to its present and future monetary commitments, (vi) engineering, contracting and constructing Loop’s manufacturing facility, (vii) Loop’s capability to scale, manufacture and promote its merchandise with a view to generate revenues, (viii) Loop’s proposed enterprise mannequin and its capability to execute thereon, (ix) opposed results on Loop’s enterprise and operations on account of elevated regulatory, media or monetary reporting scrutiny and practices, rumors or in any other case, (x) illness epidemics and well being associated issues, reminiscent of the present outbreak of extra variants of coronavirus (COVID-19), which might end in (and, within the case of the COVID-19 outbreak, has resulted in among the following) diminished entry to capital markets, provide chain disruptions and scrutiny or embargoing of products produced in affected areas, government-imposed necessary enterprise closures and ensuing furloughs of Loop’s workers, authorities employment subsidy applications, journey restrictions or the like to stop the unfold of illness, and market or different adjustments that might end in noncash impairments of our intangible property, and property, plant and gear, (xi) the result of the present SEC investigation or current class motion litigation filed towards Loop, (xii) Loop’s capability to rent and/or retain certified workers and consultants and (xiii) different elements mentioned in Loop’s subsequent filings with the Securities and Trade Fee (“SEC”). Extra detailed details about Loop and the danger elements which will have an effect on the belief of forward-looking statements is ready forth in Loop’s filings with the SEC. Buyers and safety holders are urged to learn these paperwork freed from cost on the SEC’s website at http://www.sec.gov. Loop assumes no obligation to publicly replace or revise its forward-looking statements on account of new info, future occasions or in any other case.
For Extra Info:
Investor Relations:
Kevin C. O’Dowd, Vice-President Communications & Investor Relations
Loop Industries, Inc.
+1 617-755-4602
[email protected]
Media Inquiries:
Andrea Kostiuk, VP Advertising and marketing & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com
SOURCE: Loop Industries, Inc.
View supply model on accesswire.com:
https://www.accesswire.com/719858/Loop-Industries-and-LOCCITANE-en-Provence-Unveil-New-Bottle-Manufactured-With-100-Recycled-PET-Resin-From-Loops-Upgraded-Manufacturing-Facility-in-Terrebonne-Quebec-Canada
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