Here are 1-3 brief analogies for Loop Industries (LOOP):

• The Tesla of chemical plastic recycling. (Loop Industries brings innovative, scalable technology to revolutionize the plastic industry with a strong sustainability mission, similar to Tesla's impact on automotive and energy.)
• An 'Intel Inside' for brands seeking virgin-quality recycled PET. (Loop Industries provides a critical, proprietary technology and ingredient that enables brands to incorporate high-quality recycled content into their products, much like Intel's chips power computers.)

• Loop™ PET Plastic: A virgin-quality polyethylene terephthalate (PET) resin produced from discarded plastic and polyester fibers, suitable for food-grade packaging and other applications.
• Infinite Loop™ Technology: A proprietary depolymerization technology that chemically breaks down waste PET plastic and polyester fibers into their base monomers, which are then repolymerized into virgin-quality Loop™ PET plastic.

Loop Industries (symbol: LOOP) primarily operates on a business-to-business (B2B) model. It provides its patented technology and virgin-quality PET resin, derived from recycled plastic waste, to other companies for use in their products and packaging. Therefore, Loop Industries sells primarily to other companies, specifically major global consumer brands committed to incorporating sustainable, recycled PET into their product lines.

Major customer companies that have partnered with Loop Industries or committed to using its recycled PET include:

• PepsiCo (symbol: PEP)
• Danone (symbol: BN on Euronext Paris)
• L'Oréal (symbol: OR on Euronext Paris)

• Suez S.A. (EPA: SUEZ)

Daniel Solomita, Founder, Chief Executive Officer and Chairman of the Board of Directors

Daniel Solomita founded Loop Industries in 2015 and is recognized as the chief architect behind the company's growth strategy. Prior to establishing Loop, he dedicated his efforts to developing Polyamide landfill remediation projects across North America, starting in 2011. He worked as a computer engineer at Bell Canada for 12 years before pursuing his entrepreneurial ventures. His previous work involved developing a process to clean waste Nylon 66 fiber and selling the material to a compounding company. He funded the initial research for Loop's first-generation technology after meeting a chemist with the idea, eventually selling his prior U.S. business to invest fully in Loop.

Nicolas Lafond, Senior Director of Finance, Corporate Secretary and Interim Chief Financial Officer

Nicolas Lafond is a Canadian CPA who joined Loop Industries in 2017 from a public accounting firm. He is responsible for the company's financial reporting, regulatory disclosure, and internal controls. He has served as interim CFO for Loop on previous occasions, including from December 2022 to April 2023. Mr. Lafond holds a Bachelor's degree in Administration and a post-graduate degree in accounting from HEC Montréal.

Adel Essaddam, Chief Operating Officer

Adel Essaddam is the co-inventor of Loop Industries' second-generation (GEN II) depolymerization technology. He holds multiple worldwide patents in chemical depolymerization and leads the company's Research and Development team. He possesses a degree in Composite Material Transformation.

Stephen Champagne, Chief Technology Officer

Stephen Champagne brings extensive industrial experience to Loop Industries, encompassing activities from laboratory development to engineering, procurement, construction, and commercial plant commissioning. He is recognized for his strong ability to lead teams in designing optimized, high-performance processes. Mr. Champagne holds a Bachelor of Engineering from Université Laval.

Giovanni Catino, Chief Revenue Officer

Giovanni Catino is an experienced executive with a bachelor's degree in Economics from Concordia University. At Loop Industries, he has been instrumental in building strong customer relationships with major organizations and implementing supply chain agreements and solutions that support clients in achieving their sustainability goals.

Key Risks to Loop Industries (LOOP)

• Financial Health and Going Concern Risk: Loop Industries has been consistently cited for its poor financial health, significant debt concerns, and an Altman Z-Score indicating financial distress and potential bankruptcy risk. The company has reported negative cash flow, high debt levels, and a rapid burn rate of its cash reserves, raising questions about its ability to sustain operations in the long term.
• Commercialization and Technology Viability Risk: The business model of Loop Industries is predicated on the successful and economical commercialization of its depolymerization technology. However, the company faces risks associated with project delays, the need for substantial additional funding to complete its facilities, and historical allegations regarding the unproven economic viability and effectiveness of its core technology, including concerns about product purity and recovery rates.
• Regulatory and Environmental Challenges: Operating within the chemicals and recycling industry, Loop Industries is subject to various regulatory and environmental challenges. These can include evolving environmental regulations, compliance costs, and potential scrutiny related to its industrial processes and their environmental impact.

The clear emerging threat to Loop Industries (LOOP) is the rapid development and scaling of competing advanced (chemical) recycling technologies for polyethylene terephthalate (PET) by other companies.

Specifically, companies like Carbios, with its enzymatic biorecycling technology, and large chemical players such as Eastman Chemical Company, with their molecular recycling processes, are significantly advancing their capabilities. These competitors are developing or commercializing technologies that also aim to depolymerize waste PET into virgin-quality monomers, often targeting similar waste streams and brand partners. If these alternative technologies prove to be more efficient, cost-effective, scalable, or capable of processing an even broader range of challenging PET waste, they could capture significant market share, secure key partnerships, and establish dominant positions in the rapidly emerging market for circular PET, thereby threatening Loop Industries' competitive position and growth trajectory.

The addressable markets for Loop Industries' main products and services are substantial, focusing on recycled PET (rPET) resin for packaging and recycled polyester fiber for textiles and apparel.

Global Market for Recycled PET (rPET)

The global recycled PET market was valued at approximately USD 12.85 billion in 2024 and is projected to reach around USD 29.19 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.55% from 2025 to 2034. Other estimates place the global recycled PET market at USD 11.0 billion in 2023, with a projection to reach USD 15.0 billion by 2028, growing at a CAGR of 6.5%. Another report indicated a value of USD 11.74 billion in 2025, expected to grow to USD 20.02 billion by 2034 at a CAGR of 6.1%. Packaging dominates this market, particularly for bottles.

North American Market for Recycled PET (rPET)

The North American recycled PET market was estimated at USD 4.50 billion in 2024 and is projected to reach USD 10.23 billion by 2034, exhibiting a CAGR of 8.56% from 2025 to 2034. This growth is driven by increasing sustainability concerns and awareness of plastic pollution. Another source shows the North America Recycled PET Market size was projected to reach a valuation of USD 2.03 Billion in 2022, with an anticipation to reach USD 2.94 Billion by 2032, at a CAGR of 3.7% from 2023 to 2032.

Global Market for Recycled Polyester Fiber

The global recycled polyester fiber market was valued at USD 8.84 billion in 2024 and is expected to reach USD 14.69 billion by 2033, growing at a CAGR of 5.8% from 2025 to 2033. Other analyses suggest the global recycled polyester fiber market was valued at USD 17.15 billion in 2025 and is forecasted to reach USD 39.56 billion by 2035, at a CAGR of 8.71%. Additionally, the global recycled polyester market size was estimated at USD 15.52 billion in 2024 and is projected to reach USD 26.18 billion by 2030, growing at a CAGR of 9.25%. The apparel segment holds the largest share in the recycled polyester market.

Expected Drivers of Future Revenue Growth for Loop Industries (LOOP)

Loop Industries is positioned for future revenue growth over the next 2-3 years, primarily driven by the following factors:

1. Expansion into New Markets with Manufacturing Facilities: The company's joint venture with Ester Industries in India is a significant growth driver, with construction of an Infinite Loop™ manufacturing facility anticipated to be complete by the end of 2026. This facility is expected to produce 70,000 metric tons of DMT and 23,000 tons of MEG annually, leveraging low-cost manufacturing and proximity to the region's polyester and PET industry for waste material and off-takes for recycled products. Additionally, Loop is exploring a potential European site through a licensing agreement with Reed Societe Generale Group, with a facility operational by 2030, further expanding its global footprint.
2. Technology Licensing and Engineering Services: Loop Industries is generating revenue through the licensing of its patented depolymerization technology. For instance, the company secured a financing and technology licensing deal worth $20.8 million with Reed Societe Generale Group, which closed in December 2024. This licensing model is expected to be a recurring revenue stream, including a projected 5% annual royalty payment on sales from facilities like the one in India. The company also earns revenue from engineering fees related to the development and construction of these facilities.
3. Increased Sales of Loop™ PET Resin and Polyester Fiber: As new facilities like the Infinite Loop™ India plant become operational, the volume of Loop™ branded PET plastic resin and polyester fiber available for sale will significantly increase. These products are derived from recycled low-value PET plastic waste and polyester fiber, converted into virgin-quality materials. Initial deliveries of Loop™ PET resin have already contributed to revenue, and this is expected to scale considerably with larger production capacities.
4. Growing Demand for Sustainable Plastics and Circular Economy Solutions: Government regulations and commitments from major global consumer brands to incorporate more recycled content into their products are accelerating the demand for circular economy solutions. Loop's technology directly addresses this need by providing a solution for textile-to-textile recycling and producing high-quality, food-grade recycled plastic. This increasing market demand for sustainable materials is a fundamental driver for Loop Industries' future revenue growth.

Share Issuance

• In July 2021, Loop Industries issued 4,714,813 new treasury common shares to SK global chemical for $56.5 million at $12 per share.
• In December 2024, Loop Industries secured €10 million (approximately $10.7 million) through a convertible preferred security financing from Reed Societe Generale Group.

Inbound Investments

• SK global chemical made a $56.5 million strategic equity investment in Loop Industries in July 2021.
• Reed Societe Generale Group invested €10 million (approximately $10.7 million) in Loop Industries via a convertible preferred security in December 2024.
• Loop Industries completed the sale of its first Infinite Loop™ technology license to Reed Societe Generale Group in December 2024, generating an initial payment of €10 million (approximately $10.7 million).

Outbound Investments

• In April 2023, Loop and SK Geo Centric (SKGC) formed a joint venture to deploy Loop's depolymerization technology in Asia for multiple commercial manufacturing facilities, with Loop holding a 49% stake.
• In May 2024, Loop signed a 50/50 joint venture agreement with Ester Industries for an Infinite Loop™ manufacturing facility in India, with Loop's share of the estimated US$165 million total capital investment being approximately US$82.5 million.
• A European partnership was formed with Reed Societe Generale Group in January/December 2024 to develop Infinite Loop™ manufacturing facilities, with Loop initially holding a 10% equity stake and retaining the right to increase its participation to a maximum of 50% for each facility.

Capital Expenditures

• Capital expenditures amounted to approximately $1.735 million in fiscal year 2021, $4.816 million in fiscal year 2022, $0.6748 million in fiscal year 2023, and $5.162 million in fiscal year 2024.
• These expenditures included upgrades to the Terrebonne, Quebec facility and engineering design for commercial plants.
• For the India joint venture facility, construction is targeted to start in 2025 and be operational by 2027, with Loop's 50% share of the estimated US$165 million total capital investment projected at US$82.5 million.