LOOP News & Events

Loop Industries announced that its joint venture, Infinite Loop Europe, has selected BASF Industriepark Lausitz in Schwarzheide, Germany, as the site for its inaugural European manufacturing facility. Led by Reed - Societe Generale Group, the project will be the second Infinite Loop facility globally and the first under Loop's licensed technology model. This selection marks a major step in Loop's global commercialization strategy, with the site expected to be operational by 2030. The development follows the December 2024 technology license agreement and the formation of Infinite Loop Europe. Loop previously received a EUR 10 million upfront license payment and expects to begin generating incremental engineering and license revenue during the development phase, commencing in 2026 as the project advances through engineering and permitting. Infinite Loop Europe reflects Loop's strategic licensing model, designed to accelerate the global rollout of its technology alongside well-capitalized institutional partners. The selection of Industriepark Lausitz reinforces the robustness of Loop's technology within one of the world's most rigorous regulatory environments.

Loop Industries announced the appointment of Spencer Hart as CFO, effective January 15, 2026. Hart, who has served as a member of Loop's Board of Directors since February 2025, will transition into the full-time executive role to lead the Company's global financial strategy and capital markets engagement. Mr. Hart will also remain a member of the Board of Directors. Hart brings over 30 years of experience in investment banking and capital markets, most recently as a Senior Managing Director and Senior Advisor at Guggenheim Securities. Mike De Notaris, who has recently served as Interim CFO, will continue with Loop in his role of Vice President of Corporate Development and report to Mr. Hart.

Loop Industries (LOOP) announced that its India joint-venture ELITe, formed in partnership with Ester Industries, has awarded the detailed engineering contract for its Infinite Loop India project to Toyo Engineering India (TOYO). This step follows the completion of front-end engineering design by Tata Consulting Engineers, and represents the final engineering phase ahead of construction. The contract will cover the full scope of detailed design, procurement engineering, and technical documentation. The Infinite Loop India manufacturing facility is strategically positioned to address demand in the packaging and textile sectors, designed with an annual production capacity of 70,000 metric tonnes of PET resin. The project is maintaining its anticipated construction timeline, with completion projected for end of 2027. The joint venture recently announced a multi-year offtake agreement signed with Nike, which is positioned as the facility's anchor customer. The overall Capital Expenditures for the project are trending below the $176M budget, including $5M in realized savings from land acquisition alone. The debt financing process led by KPMG in India is progressing well.

Loop Industries (LOOP) announced a multi-year offtake agreement with NIKE (NKE). Under the agreement, Loop will supply Twist, its virgin-quality circular polyester resin made exclusively from textile waste, establishing Nike as the anchor customer for the Infinite Loop India manufacturing facility which is being constructed in partnership with Ester Industries. This agreement with Nike further advances the implementation of Loop's commercialization strategy and reflects Nike's commitment to sustainable innovation. Loop's Twist resin, a verifiable textile-to-textile solution, will be used to reduce the usage of virgin and recycled flake polyester across Nike's product lines.