Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into its base building block monomers. The company's technology depolymerizes plastic bottles, packaging, carpets, and clothing into dimethyl terephthalate and monoethylene glycol. Its polymerized monomers are used to create virgin-quality PET resins for use in food-grade plastic packaging, such as plastic bottles for water and carbonated soft drinks, containers for food, and other consumer products; and polyester fibers, including textiles, clothing, and apparel. Loop Industries, Inc. was founded in 2010 and is headquartered in Terrebonne, Canada.
Canadian Market Performance
7D7 Days: 0.7%
3M3 Months: 10.9%
1Y1 Year: 17.6%
YTDYear to Date: 10.6%
In the last week, the market has stayed flat, however the Healthcare sector stood out, gaining 4.2%. As for the longer term, the market has risen 18% in the past 12 months. Earnings are forecast to grow by 12% annually. Market details ›
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