sur Loop Industries, Inc. (NASDAQ:LOOP)
Loop Industries Announces Key Developments in Fiscal Q2 2026
Loop Industries, a clean technology firm specializing in recycled PET plastics, reported significant milestones for Q2 2026. Key achievements include solidifying offtake agreements for Infinite Loop™ India, targeting both a sports apparel giant and Taro Plast, an Italian polymer manufacturer. Furthermore, Loop has secured a strategic alliance with Shinkong Synthetic Fibers and Hyosung TNC to promote circular polyester in the textile industry.
The company has acquired a 93-acre site in Gujarat, India, optimizing project cost and strategically positioning the facility for future expansion. Additionally, Loop is collaborating with KPMG to advance project debt financing, marking substantial progress in its Indian operations.
In Europe, Loop is finalizing site selection for its Infinite Loop™ facility, with engineering services poised to drive future revenue growth. Amid these advancements, Loop's Q2 financials indicate a net loss decrease to $3.2 million, mainly due to reduced R&D and administrative expenses.
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