$LOOP Loop Industries Announces Offtake Agreement with Taro Plast to Supply Loop Dimethyl Terephthalate (DMT) Made From 100% Recycled Content
https://www.accessnewswire.com/newsroom/en/cl...hy-1074197
Loop will supply Taro Plast with Loop™ DMT from its planned Infinite Loop™ India facility.
Loop™ DMT supplied to Taro Plast will be used for automotive and specialty polymer applications.
Taro Plast confirms that Loop's 100% recycled DMT meets the highest standards of purity and performance, in-line with Taro Plast's strong corporate commitment to sustainability.
MONTRÉAL, QUEBEC / ACCESS Newswire / September 16, 2025 / Loop Industries, Inc. (Nasdaq:LOOP; "Loop"
, a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET" plastic and textile-to-textile polyester fiber and Taro Plast S.p.A., ("Taro Plast" , a global leader in thermoplastic compounds at the forefront of sustainability and innovation in the plastics industry, announced they have executed an offtake agreement. Under the terms of the agreement, Loop will supply Taro Plast with Loop™ DMT from its planned Infinite Loop™ India facility, scheduled to come online in early 2028 through a joint venture with Ester Industries. The agreement highlights Taro Plast's leadership in delivering sustainable solutions and expands Loop's product offering beyond bottle-grade & fiber-grade PET resin.
The Infinite Loop™ India manufacturing facility is designed to produce 70,000 tonnes of PET resin for the packaging and textile industries annually. The plant will also produce Loop™ DMT, which will be sold into the high-demand specialty polymers market. This additional product offering diversifies revenue streams and capitalizes on the growing market for recycled chemical components.
Taro Plast has conducted independent testing that confirms the high purity and performance of Loop™ DMT. This has led to Taro Plast becoming the first company to integrate Loop™ DMT into its product portfolio, where it will be used to create high-performance recycled materials for the automotive and specialty polymer industries.
"This is a very important moment for the industry looking for reliable solutions to reduce greenhouse gas (GHG) emissions by replacing fossil feedstock in the manufacturing of plastic goods. This partnership with Loop Industries is a significant milestone in our journey towards a circular economy that boost our development and introduction of new solutions within the portfolio of our TPC Pibiflex® and Riteflex® adhering to the industry's high-quality standards while ensuring sustainability right from the start of the value chain." stated Andrea Squeri, Managing Director of Taro Plast.
"We're excited to partner with Taro Plast, a recognized leader in innovation and quality within the specialty polymers industry." commented Giovanni Catino, Chief Revenue Officer of Loop Industries. "With Taro Plast's expertise and commitment to excellence, combined with Loop's virgin-quality, 100% recycled DMT, this partnership sets a new benchmark for integrating recycled content and reducing the carbon footprint of specialty polymers without compromising on performance or quality. The production and sale of DMT will complement the on-going focus of the India JV on providing polymers for global apparel & CPG brands."
https://www.accessnewswire.com/newsroom/en/cl...hy-1074197
Loop will supply Taro Plast with Loop™ DMT from its planned Infinite Loop™ India facility.
Loop™ DMT supplied to Taro Plast will be used for automotive and specialty polymer applications.
Taro Plast confirms that Loop's 100% recycled DMT meets the highest standards of purity and performance, in-line with Taro Plast's strong corporate commitment to sustainability.
MONTRÉAL, QUEBEC / ACCESS Newswire / September 16, 2025 / Loop Industries, Inc. (Nasdaq:LOOP; "Loop"
, a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET" plastic and textile-to-textile polyester fiber and Taro Plast S.p.A., ("Taro Plast" , a global leader in thermoplastic compounds at the forefront of sustainability and innovation in the plastics industry, announced they have executed an offtake agreement. Under the terms of the agreement, Loop will supply Taro Plast with Loop™ DMT from its planned Infinite Loop™ India facility, scheduled to come online in early 2028 through a joint venture with Ester Industries. The agreement highlights Taro Plast's leadership in delivering sustainable solutions and expands Loop's product offering beyond bottle-grade & fiber-grade PET resin. The Infinite Loop™ India manufacturing facility is designed to produce 70,000 tonnes of PET resin for the packaging and textile industries annually. The plant will also produce Loop™ DMT, which will be sold into the high-demand specialty polymers market. This additional product offering diversifies revenue streams and capitalizes on the growing market for recycled chemical components.
Taro Plast has conducted independent testing that confirms the high purity and performance of Loop™ DMT. This has led to Taro Plast becoming the first company to integrate Loop™ DMT into its product portfolio, where it will be used to create high-performance recycled materials for the automotive and specialty polymer industries.
"This is a very important moment for the industry looking for reliable solutions to reduce greenhouse gas (GHG) emissions by replacing fossil feedstock in the manufacturing of plastic goods. This partnership with Loop Industries is a significant milestone in our journey towards a circular economy that boost our development and introduction of new solutions within the portfolio of our TPC Pibiflex® and Riteflex® adhering to the industry's high-quality standards while ensuring sustainability right from the start of the value chain." stated Andrea Squeri, Managing Director of Taro Plast.
"We're excited to partner with Taro Plast, a recognized leader in innovation and quality within the specialty polymers industry." commented Giovanni Catino, Chief Revenue Officer of Loop Industries. "With Taro Plast's expertise and commitment to excellence, combined with Loop's virgin-quality, 100% recycled DMT, this partnership sets a new benchmark for integrating recycled content and reducing the carbon footprint of specialty polymers without compromising on performance or quality. The production and sale of DMT will complement the on-going focus of the India JV on providing polymers for global apparel & CPG brands."
