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Accesswire
1 month ago
Loop Industries Reports Second Quarter Fiscal 2026 Results and Provides Update on Positive Progress Towards Commercialization
• OFFTAKE AGREEMENT FOR INFINITE LOOP INDIA WITH LEADING SPORTS APPAREL BRAND • OFFTAKE AGREEMENT TO SUPPLY DMT TO TARO PLAST FROM INFINITE LOOP INDIA • STRATEGIC ALLIANCES WITH SHINKONG AND HYOSUNG TNC TO SUPPORT SHIFT BY GLOBAL APPAREL BRANDS TO TEXTILE-TO-TEXTILE CIRCULAR POLYESTER • ACQUISITION AGREEMENT FOR 93 ACRE SITE FOR INDIA INFINITE LOOP FACILITY • POSITIVE PROGRESS ON PROJECT DEBT FINANCING FOR INFINITE LOOP INDIA • CONTINUED ADVANCEMENT ON COMMERCIALIZATION TIMELINE FOR INFINITE LOOP EUROPE LOOP MANAGEMENT TO HOLD UPDATE CALL AT 8:45 AM ET ON THURSDAY, OCTOBER 16, 2025 MONTRÉAL, QUEBEC / ACCESS Newswire / October 15, 2025 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular economy for polyester by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and textile-to-textile (T2T) polyester, today reported its consolidated financial results for the second quarter of fiscal year 2026 and provided an update on key milestones. Infinite Loop™ India Update Offtake agreements secured for India: In September 2025, Loop executed a multi-year offtake agreement with a leading global branded sports apparel company for the sale of Twist™ polyester from the Infinite Loop India facility.