MONTREAL – In response to allegations made by a report published in October 2020 by Hindenburg Research, Loop Industries has released the report of an independent verification of its patented Gen II depolymerization technology, which allows waste PET plastic and polyester fibre to be recycled into virgin-quality PET resin made from 100% recycled content.

Loop faced trouble during 2020, with a joint venture depolymerisation plant with Indorama Ventures scheduled to start production last July still yet to be built, as a result of the Covid-19 pandemic. This further resulted in a five-year contract with a Coca Cola supplier being cancelled, although subject to a new negotiation.

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