JASDAQ:LOOP

Loop Industries and Bormioli Pharma Unveil an Innovative Pharmaceutical Packaging Bottle Manufactured with 100% Recycled Virgin Quality Loop PET Resin at Pharmapack 2024

Retrieved on: 
星期三, 一月 24, 2024
Polyethylene terephthalate, PET, USP, European Pharmacopoeia, Container, Recycling

Bormioli Pharma tested Loop(TM) PET resin in its packaging, commissioning to independent third parties' additional analysis to verify extractables levels with different solutions, also taking in consideration the worst-case scenario.

Key Points: 
  • Bormioli Pharma tested Loop(TM) PET resin in its packaging, commissioning to independent third parties' additional analysis to verify extractables levels with different solutions, also taking in consideration the worst-case scenario.
  • "Through this collaboration with Loop we're strengthening our role as a solid, quality and reliable partner for the pharmaceutical industry" stated Andrea Lodetti, CEO of Bormioli Pharma.
  • Daniel Solomita, Founder and CEO of Loop Industries, commented "Through our collaboration with Bormioli Pharma, we have developed an innovative pharmaceutical packaging solution manufactured from 100% recycled virgin quality Loop(TM) PET resin.
  • 1 Results from an extractables study conducted by an independent, external lab and performed on bottles manufactured with Loop(TM) PET resin using different simulating solutions.

Loop Industries Announces MOU For US$66 Million of Non-Dilutive Financing from Reed Management, as Part of a Joint Venture for European Infinite Loop(TM) Technology Roll-Out

Retrieved on: 
星期四, 一月 18, 2024
PIK, JV, Partnership, MOU, Climate change, Water, Engineering

Loop and Reed intend to form a strategic long-term partnership through the establishment of a 50/50 joint venture (the "JV") to commercialize Loop's technology in Europe.

Key Points: 
  • Loop and Reed intend to form a strategic long-term partnership through the establishment of a 50/50 joint venture (the "JV") to commercialize Loop's technology in Europe.
  • Reed intends to provide financing of ?60 million (US$66 million) in non-dilutive capital.
  • Of this amount, US$33 million is to be provided to Loop as non-dilutive capital to fund Loop's technology commercialization globally.
  • In addition, the structure of the current planned financing will be accretive to shareholder value by minimizing initial equity dilution," added Mr. Solomita.

Loop Industries Announces Its Loop(TM) Branded PET Resin Is Compliant for Pharmaceutical Industry Packaging Applications

Retrieved on: 
星期三, 十二月 13, 2023
Infinite loop, Container, European Pharmacopoeia, PET, ERG, Innovation, Polyethylene terephthalate, USP, Safety, GEN, CO2, Incineration, Recycling

Test results executed by a worldwide leader in laboratory testing services confirm that Loop's PET resin has successfully met these requirements, opening new possibilities for sustainable packaging solutions in the pharmaceutical industry.

Key Points: 
  • Test results executed by a worldwide leader in laboratory testing services confirm that Loop's PET resin has successfully met these requirements, opening new possibilities for sustainable packaging solutions in the pharmaceutical industry.
  • Loop's 100% recycled virgin quality PET can help support pharmaceutical companies with a sustainable packaging alternative and address the growing demand for environmentally responsible choices in the industry.
  • In addition to pharmaceutical packaging applications, Loop(TM) branded PET resin is also suitable for use in food-grade packaging, cosmetic packaging and polyester fiber textile applications.
  • 1 Source: Life Cycle Assessment of Loop GEN II Infinite Loop(TM) France done by Franklin Associates, a division of ERG, compares kg for kg Loop PET vs. Virgin PET.