Loop Industries Inc is a Canada-based technology company focused on plastics production. Through its patented technology, the Company produces Polyethylene terephthalate (PET)/Polyester plastic from fossil fuels by depolymerizing waste PET plastic and polyester fiber (water bottles, soda bottles, consumer packaging, carpets, polyester textiles and industrial waste) into its base building blocks. The Company’s technology allows waste PET plastics to be upcycled into PET packaging for consumer goods companies. It specifically targets PET/Polyester plastic allowing the removal of all impurities, such as colors/dyes, labels and all organic and inorganic waste.
During the most recent quarter, 35K shares were bought in insider trading.
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