Beauty Packaging Staff03.06.20
Loop Industries Inc. has entered into a multi-year offtake agreement with L'Oréal to supply it with PET resin made of 100% recycled materials for its packaging needs. Started in 2018, the collaboration between L'Oréal and Loop Industries is now entering a new step forward with this agreement for the supply of sustainable PET resin.
This resin is to be supplied from Loop Industries' joint venture facility in Spartanburg, South Carolina with Indorama Ventures, an expert in PET plastic and polyester fiber manufacturing. The growing demand for Loop Industries' resin has driven the joint venture's decision to increase the facility's production capacity to 40 KT per year, thus enabling Loop Industries to broaden its array of partnerships and supply more brands with resin made from waste PET plastic and polyester fiber.
Loop says that with its low-energy technology, waste PET plastic and polyester fiber can be diverted away from landfills and natural areas, depolymerized into its base building blocks, purified and polymerized into virgin-quality Loop PET resin.
According to Loop, this collaboration with L'Oréal marks an important step in its objective to help brands and consumers move away from plastic waste and towards a circular plastics economy.
This resin is to be supplied from Loop Industries' joint venture facility in Spartanburg, South Carolina with Indorama Ventures, an expert in PET plastic and polyester fiber manufacturing. The growing demand for Loop Industries' resin has driven the joint venture's decision to increase the facility's production capacity to 40 KT per year, thus enabling Loop Industries to broaden its array of partnerships and supply more brands with resin made from waste PET plastic and polyester fiber.
Loop says that with its low-energy technology, waste PET plastic and polyester fiber can be diverted away from landfills and natural areas, depolymerized into its base building blocks, purified and polymerized into virgin-quality Loop PET resin.
According to Loop, this collaboration with L'Oréal marks an important step in its objective to help brands and consumers move away from plastic waste and towards a circular plastics economy.
