LOOP
Loop Industries, Inc.- Basic Materials
- Chemicals - Specialty
- $23M market cap
Model Signal
Analyst Consensus
ForecastQ Portfolios
LOOP is not in any ForecastQ portfolio today. The model scores it with every run; the names it picked are in Portfolios.
Company Profile
Loop Industries Inc., a technology firm, specializes in chemically recycling discarded polyethylene terephthalate (PET) plastics and polyester textiles, breaking them down into their fundamental molecular components. From these constituent monomers, the company then synthesizes pristine, "virgin-quality" PET resins. These resins are suitable for manufacturing food-safe plastic packaging, including beverage bottles for water and soft drinks, as well as containers for various food items and consumer goods. Additionally, it produces polyester fibers utilized in textiles, clothing, and other apparel. Established in 2010, Loop Industries Inc. operates from its headquarters in Terrebonne, Canada.