Beauty Packaging Staff09.07.20
Loop Industries is partnering with Chemtex Global Corporation and Invista Performance Technologies to commercialize Loop’s breakthrough depolymerization technology and begin its global roll-out of fully integrated Infinite Loop manufacturing facilities.
Loop will license the manufacturing know-how of Invista's technology and licensing group, and Chemtex Global Corporation will provide engineering and design support for Invista's polymerization.
Transforming How PET Plastic and Polyester Fiber is Made
Infinite Loop manufacturing facilities will provide an end-to-end solution to meet the global demand for Loop branded PET resin and polyester fiber made from 100% recycled content.
"Infinite Loop manufacturing facilities will transform the way PET plastic and polyester fiber is made in the future, as the world continues its transition away from fossil fuel-based plastics and into the circular economy. All of the waste plastic processed through our manufacturing technology is now infinitely recyclable, without compromising quality, which our customers demand," said Daniel Solomita, founder and CEO of Loop Industries. "The ability to transform a worn-out polyester sweater into a pristine water bottle or a brand-new pair of jeans is a great example of the endless possibilities of Infinite Loop manufacturing."
According to Loop, an Infinite Loop plant with a 63,000-ton production capacity can claim carbon dioxide (CO2) savings of 135,500 metric tons, or the equivalent of a medium-sized car driving over 540,000,000 km per year. Loop's technology also shows a 60% reduction of global warming potential when compared to virgin PET produced from fossil fuels.
"Our collaboration with Invista and Chemtex allows us to accelerate the global deployment of our technology to support the need for the transition to the circular economy within plastics. Our highly scalable manufacturing technology will help support cities around the world with crucial infrastructure needed to reduce plastic waste," added Solomita.
Loop will license the manufacturing know-how of Invista's technology and licensing group, and Chemtex Global Corporation will provide engineering and design support for Invista's polymerization.
Transforming How PET Plastic and Polyester Fiber is Made
Infinite Loop manufacturing facilities will provide an end-to-end solution to meet the global demand for Loop branded PET resin and polyester fiber made from 100% recycled content.
"Infinite Loop manufacturing facilities will transform the way PET plastic and polyester fiber is made in the future, as the world continues its transition away from fossil fuel-based plastics and into the circular economy. All of the waste plastic processed through our manufacturing technology is now infinitely recyclable, without compromising quality, which our customers demand," said Daniel Solomita, founder and CEO of Loop Industries. "The ability to transform a worn-out polyester sweater into a pristine water bottle or a brand-new pair of jeans is a great example of the endless possibilities of Infinite Loop manufacturing."
According to Loop, an Infinite Loop plant with a 63,000-ton production capacity can claim carbon dioxide (CO2) savings of 135,500 metric tons, or the equivalent of a medium-sized car driving over 540,000,000 km per year. Loop's technology also shows a 60% reduction of global warming potential when compared to virgin PET produced from fossil fuels.
"Our collaboration with Invista and Chemtex allows us to accelerate the global deployment of our technology to support the need for the transition to the circular economy within plastics. Our highly scalable manufacturing technology will help support cities around the world with crucial infrastructure needed to reduce plastic waste," added Solomita.