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Loop Industries Hosts Minister of Environment and Climate Change Steven Guilbeault at Terrebonne Facility for Press Conference and Tour
MONTREAL, QC / ACCESSWIRE / July 25, 2022 / Loop Industries, Inc. (NASDAQ:LOOP), a clean technology company whose mission is to accelerate a circular plastics
About this update from Loop Industries, Inc.
[{"type":"text","content":"MONTREAL, QC / ACCESSWIRE / July 25, 2022 / Loop Industries, Inc. (NASDAQ:LOOP), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (\"PET\") plastic and polyester fiber, was honoured today to host a press conference on behalf of the Honourable Steven Guilbeault, Canadian Minister of Environment and Climate Change, for a major announcement on the Canadian government's plans regarding plastic recyclability and compostability. After the press conference, members of the media joined the Minister for a tour of the Loop Industries Terrebonne, Quebec production facility.Today, Minister Steven Guilbeault, announced the next step in delivering on Canada's commitments on plastic waste and pollution by launching two consultations in support of its Zero Plastic Waste Agenda: 1) the development of labelling rules for recyclability and compostability (e.g., the use of the \"chasing arrows\") and 2) the development of a federal plastics registry for producers of plastic products. These measures will help improve the collection and end-of-life management (e.g. reuse, recycling) of plastics and help keep these products out of our landfills and environment.Daniel Solomita, Loop's Founder and CEO, stated \"We are honoured that our Terrebonne, Quebec facility was selected as the venue for Minister Guilbeault's announcement. We believe that our technology and Infinite Loop™ manufacturing model will play an important role in supporting Canada's commitment to be in the forefront of global efforts to beat plastic pollution. We are planning our first Infinite Loop™ large-scale manufacturing facility in Bécancour, Quebec, as well as facilities in Europe and Asia with our strategic partners, SK Geo Centric and Suez.\"About Loop IndustriesLoop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The mo...