Technological watch
Loop Industries and SUEZ announce strategic partnership to build first infinite Loop facility producing 100% recycled and infinitely recyclable plastic in Europe
Today, Loop Industries (Nasdaq: LOOP), a leading innovator in sustainable plastics technology, and SUEZ, a world leader in environmental services, announce plans to build the first Infinite Loop recycling facility in Europe. Based on enhanced recycling, the partnership will combine the resource management expertise of SUEZ and Loop’s unique breakthrough technology for the production of virgin quality, food grade, 100% recycled and infinitely recyclable plastic. Located in Europe, the new facility will offer a sustainable and truly needed solution to global consumer goods companies.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 870292.
