Loop Industries, L’Oreal Group sign supply agreement

Loop Industries, L’Oreal Group sign supply agreement
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Loop Industries Inc., Terrebonne, Quebec, says it has signed a Letter of Intent with L’Oréal Group, based in France, that sets the stage for the cosmetics company to become the first in the world to close the loop on its polyethylene terephthalate (PET) packaging by incorporating Loop PET.   

With Loop’s technology, end-of-life PET and polyester fiber now can be diverted and converted into Loop PET to be endlessly upcycled.

Loop’s technology deconstructs this material from sources such as water and soda bottles, textiles, consumer goods packaging and more into its base monomers, separating impurities and then reconstructing the monomers into Loop PET, the company says.  Moreover, Loop technology used to produce Loop PET resin meets U.S. Food and Drug Administration requirements for food-grade packaging.

“We are very proud to have L’Oréal join us in the Loop,” says Nelson Switzer, chief growth officer of Loop Industries. “When companies use and activate the Loop brand and products, consumers are able to readily identify and choose a sustainable solution that is poised to help solve the plastic crisis.”

Philippe Thuvien, global head of packaging and development for L’Oréal Group, says, “As the leader in the beauty industry, we believe we have a responsibility to bring innovative and sustainable solutions to the consumer. That is why we seek to partner with innovative companies and leverage technologies, such as Loop, that will trigger an acceleration in the transition to a circular economy. And Loop PET is able to meet the rigorous packaging standards of L’Oréal.”

Loop and L’Oréal intend to complete a definitive supply agreement for Loop PET resin in the United States and the European Union before the end of fall 2018, according to a news release issued by Loop. 

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Source: Recycling Today
Loop Industries, L’Oreal Group sign supply agreement
<![CDATA[Loop Industries Inc., Terrebonne, Quebec, says it has signed a Letter of Intent with L’Oréal Group, based in France, that sets the stage for the cosmetics company to become the first in the world to close the loop on its polyethylene terephthalate (PET) packaging by incorporating Loop PET.    With Loop’s technology, end-of-life PET and polyester fiber now can be diverted and converted into Loop PET to be endlessly upcycled. Loop’s technology deconstructs this material from sources such as water and soda bottles, textiles, consumer goods packaging and more into its base monomers, separating impurities and then reconstructing the monomers into Loop PET, the company says.  Moreover, Loop technology used to produce Loop PET resin meets U.S. Food and Drug Administration requirements for food-grade packaging.“We are very proud to have L’Oréal join us in the Loop,” says Nelson Switzer, chief growth officer of Loop Industries. “When companies use and activate the Loop brand and products, consumers are able to readily identify and choose a sustainable solution that is poised to help solve the plastic crisis.”Philippe Thuvien, global head of packaging and development for L’Oréal Group, says, “As the leader in the beauty industry, we believe we have a responsibility to bring…