LOOP INDUSTRIES AND THYSSENKRUPP INDUSTRIAL SOLUTIONS FORM ALLIANCE FOR SUSTAINABLE PET RECYCLING

Loop Industries, Inc. (Montreal, Quebec, Canada; www.loopindustries.com), a technology innovator in sustainably produced plastic, and thyssenkrupp Industrial Solutions (Essen, Germany; www.thyssenkrupp-industrial-solutions.com) division, Uhde Inventa-Fischer GmbH, a global polyester technology provider and polyester plant engineering firm, announced a strategic alliance expected to shape the future of Polyethylene terephthalate (PET) and Polyester manufacturing. The Global Alliance Agreement advances the integration of their respective technologies intended to provide a turnkey industrial solution for license to manufacturing companies seeking a commercially viable technology to produce sustainable PET and polyester plastic.