SectorChemicals
Established Date11/03/2010
Listing Date20/11/2017
ExchangeNASDAQ Stock Exchange
Full-time Employees49
Fiscal Year Ends28/02
Security TypeCommon stock
Office address480 Fernand Poitras Terrebonne, Quebec, Canada J6Y 1Y4
Business
IntroductionLoop Industries, Inc., formerly known as "Radikal Phones Inc.", was incorporated under the laws of Nevada on March 11, 2010. The company's business development technology and business processes are to promote the regeneration and reuse of materials to maintain a circular economy. Currently, their business focus is on depolymerizing waste PET plastics and converting them into valuable chemicals that can be reintroduced into the production of original PET plastics at any time. Their proprietary technology decomposes PET into its base chemicals PTA and MEG, with recoveries of over 90% at atmospheric pressure and room temperature.
