LOOP news

Loop Industries reported Q2 FY2027 results, reduced the capacity of its first planned commercial facility in India to 45 kilotonnes per annum to lower capital requirements, and announced an updated construction timeline.

Loop Industries strengthens its IP portfolio by entering into a new global license agreement with LG Chem for the production of sustainable PET resin.

The board formed a committee to evaluate strategic and financial alternatives, including selling the company or merging, while prioritizing financing for its India joint venture.

Loop Industries and former global investor Jeff Geygan will assume the roles of Chairman and Vice Chairman respectively; the move aims to optimize governance and focus on commercial execution, including projects in India and Europe.

Loop Industries reported fourth quarter and full year fiscal 2026 results with reduced capital costs for its India facility due to favorable FX and procurement improvements. The company is advancing strategic partnerships in India and Europe while implementing expense reduction initiatives.