Loop Industries Q3 Earnings Call Highlights: Progress on India and Europe Plans, New Supply Agreement with Nike

Loop Industries reported progress on its India and Europe growth plans, with its Infinite Loop India manufacturing facility on track to complete construction by end-2027 and anchored by a multi-year supply agreement with Nike. The company is also pursuing a modular construction approach for its European plant, which could reduce capital costs by 50%. Financing for the India project is approximately $130 million, with Loop equity at roughly $28 million.