EQS Newswire/ 12/10/2022/ 02:12 EST/EDT
Loop Industries and L’OCCITANE en Provence Unveil New Bottle Produced With 100% Recycled Animal Resin From Loop’s Upgraded Production Center in Terrebonne Quebec, Canada
MONTREAL, QC/ ACCESSWIRE/ OCTOBER 11, 2022/ Loop Industries, Inc. (Nasdaq: LOOP) (the “Business” or “Loop”), a tidy innovation business whose objective is to speed up a circular plastics economy by producing 100% recycled polyethylene terephthalate (” FAMILY PET”) plastic and polyester fiber and L’OCCITANE en Provence, a worldwide producer and seller of sustainable appeal and health items, today revealed a brand-new bottle for the brand name’s Almond Shower Oil that was developed through Loop’s advanced innovation.
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Picture: L’OCCITANE en Provence Almond Shower Oil bottle developed from 100% recycled Loop ™ family pet resin
Loop Industries has actually partnered with L’OCCITANE en Provence to assist satisfy the brand name’s sustainability objective of utilizing 100% recycled family pet in its bottles by 2025. In collaboration with the brand name, a pilot job was performed where the renowned Almond Shower Oil bottle (omitting cap and label) was produced utilizing 100% recycled Loop ™ family pet resin and was effectively performed on L’OCCITANE assembly line. This effort marks a considerable advance in the collaboration in between the 2 business and sets the path to execute Loop’s innovation throughout other items in the brand name’s selection.
As part of this collaboration with L’OCCITANE en Provence, Loop’s branding is included plainly on the front of the product packaging, with extra information talking to the innovation on the back label. The main positioning and presence of Loop branding on the product packaging is a significant element of this effort as it serves as an indication for real circularity and the quality of the product, highlighting the bottle’s capability to recirculate in the economy considerably, without breaking down in quality. The existence of Loop branding on the product packaging includes strong worth as it permits the brand name to make an effective declaration in sustainability and assists bring presence to the recyclable capacity of the item, supporting Loop’s objective to speed up a circular plastics economy.
Loop is presently providing prominent customer brand name business, consisting of L’OCCITANE en Provence, with 100% recycled virgin-quality family pet resin that appropriates for food-grade product packaging and polyester fiber usage through its Terrebonne, Quebec production center. Loop has actually just recently finished upgrades to the center which has actually increased production capability at the plant. Loop, together with tactical partners SUEZ and SK Geo Centric, strategy to advertise Loop’s innovation in Europe through its organized Infinite Loop ™ France center which will assist provide European customer brand names, consisting of L’OCCITANE en Provence, with 100% recycled Loop ™ family pet resin to be utilized in items and product packaging.
Talking about the activation, David Bayard, Product Packaging R&D Director at L’OCCITANE en Provence stated “L’OCCITANE en Provence is extremely mindful of the significance of eco-design and sustainable product packaging. We have actually been introducing eco-refill items, in-store collections and recycling services and bottles constructed of 100% recycled plastic for more than 13 years and are continuing to advance on this. We are happy to partner with Loop Industries, whose ingenious innovation will assist us in accomplishing our target of 100% sustainable family pet plastic in all our bottles by 2025. The ingenious innovation they offer is a game-changer that can assist us play a part in attending to the growing international issue over plastic contamination.”
Daniel Solomita, Loop’s Creator and CEO, mentioned “We are enjoyed partner with L’OCCITANE en Provence in their journey towards sustainability and to take advantage of our innovation with the brand name, assisting them advance towards satisfying their 2025 objective. The combination of Loop’s branding acts as a visual recommendation to the considerably recyclable abilities of our item and innovation, permitting customers and business alike to end up being active partners in our constant efforts in developing a circular economy for plastics. We have actually achieved another interesting turning point by finishing the upgrades to our plant in Terrebonne, Quebec where we are now completely production providing international brand name business with Loop ™ branded family pet resin to be utilized in food-grade product packaging and for polyester fiber usage.”
About L’OCCITANE en Provence
Because 1976, L’OCCITANE en Provence has actually been designing, producing and offering appeal, skin care and wellness items with the goal of sharing nature’s marvels with the world. Our company believe that by restoring the strength of all living things, we can assist seeds flower once again and fix up people with nature. We are Farmers of Modification. Every year, we plant effective active ingredients which remain in best symbiosis with their communities. We rely on Environment and admire her in blossom. We explore her treasures and concern our own techniques to find brand-new advancements. We craft them into unanticipated memories. We coordinate with individuals at a regional level due to the fact that our company believe that any action can make a distinction, no matter how huge or little.
About Loop Industries
Loop Industries is an innovation business whose objective is to speed up the world’s shift towards sustainable family pet plastic and polyester fiber and far from our reliance on nonrenewable fuel sources. Loop Industries owns trademarked and exclusive innovation that depolymerizes no and low-value waste family pet plastic and polyester fiber, consisting of plastic bottles and product packaging, carpets and fabrics of any color, openness or condition and even ocean plastics that have actually been broken down by the sun and salt, to its base foundation (monomers). The monomers are filtered, cleansed and polymerized to develop virgin-quality Loop ™ branded family pet resin ideal for usage in food-grade product packaging and polyester fiber, therefore allowing our consumers to satisfy their sustainability goals. Loop ™ family pet plastic and polyester fiber can be recycled considerably without destruction of quality, effectively closing the plastic loop. Loop Industries is adding to the international motion towards a circular economy by minimizing plastic waste and recuperating waste plastic for a sustainable future.
Typical shares of the Business are noted on the NASDAQ Global Market under the sign “LOOP.”
To find out more, please go to www.loopindustries.com Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries
Positive Declarations
This press release consists of “positive declarations” as specified in the U.S. Personal Securities Lawsuits Reform Act of 1995. Such declarations might be preceded by the words “means,” “might,” “will,” “strategies,” “anticipates,” “expects,” “should,” “could,” “jobs,” “anticipates,” “quotes,” “goals,” “thinks,” “hopes,” “prospective” or “continue” the unfavorable of such terms or comparable words. These positive declarations consist of, without constraint, declarations about Loop’s market chance, its methods, capability to enhance and broaden its abilities, competitors, anticipated activities and expenses as Loop pursues its organization strategy, the adequacy of its readily available money resources, regulative compliance, prepare for future development and future operations, the size of Loop’s addressable market, market patterns, and the efficiency of Loop’s internal control over monetary reporting. Positive declarations are not warranties of future efficiency, are based upon particular presumptions and go through different recognized and unidentified dangers and unpredictabilities, much of which are beyond Loop’s control, and can not be anticipated or measured and subsequently, real outcomes might vary materially from those revealed or indicated by such positive declarations. Such dangers and unpredictabilities consist of, without constraint, dangers and unpredictabilities connected with to name a few things: (i) commercialization of Loop’s innovation and items, (ii) Loop’s status of relationship with partners, (iii) advancement and defense of Loop’s copyright and items, (iv) market competitors, (v) Loop’s requirement for and capability to get extra financing relative to its present and future monetary dedications, (vi) engineering, contracting and structure Loop’s production center, (vii) Loop’s capability to scale, manufacture and offer its items in order to produce earnings, (viii) Loop’s proposed organization design and its capability to carry out thereon, (ix) unfavorable impacts on Loop’s organization and operations as an outcome of increased regulative, media or monetary reporting examination and practices, reports or otherwise, (x) illness upsurges and health associated issues, such as the present break out of extra versions of coronavirus (COVID-19), which might lead to (and, when it comes to the COVID-19 break out, has actually led to a few of the following) minimized access to capital markets, supply chain disturbances and examination or embargoing of items produced in impacted locations, government-imposed obligatory organization closures and resulting furloughs of Loop’s staff members, federal government work aid programs, travel limitations or the like to avoid the spread of illness, and market or other modifications that might lead to noncash disabilities of our intangible possessions, and home, plant and devices, (xi) the result of the present SEC examination or current class action lawsuits submitted versus Loop, (xii) Loop’s capability to employ and/or maintain certified staff members and specialists and (xiii) other elements gone over in Loop’s subsequent filings with the Securities and Exchange Commission (” SEC”). More in-depth details about Loop and the danger elements that might impact the awareness of positive declarations is stated in Loop’s filings with the SEC. Financiers and security holders are advised to check out these files complimentary of charge on the SEC’s website at http://www.sec.gov. Loop presumes no responsibility to openly upgrade or modify its positive declarations as an outcome of brand-new details, future occasions or otherwise.
To Find Out More:
Financier Relations:
Kevin C. O’Dowd, Vice-President Communications & & Financier Relations
Loop Industries, Inc.
+1 617-755-4602
[email protected]
Media Inquiries:
Andrea Kostiuk, VP Marketing & & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk @loopindustries. com
SOURCE: Loop Industries, Inc.
File: Loop Industries and L’OCCITANE en Provence Unveil New Bottle Produced With 100% Recycled Animal Resin From Loop’s Upgraded Production Center in Terrebonne Quebec, Canada
12/10/2022 Dissemination of a Marketing News release, transferred by EQS News.
The company is entirely accountable for the material of this statement.
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