MONTRÉAL – Loop Industries is partnering with Chemtex Global Corporation and Invista Performance Technologies (IPT) to roll out manufacturing facilities that use Loop’s depolymerization technology.
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.
Loop’s depolymerization technology breaks down waste PET plastic and polyester fiber into its base petrochemical building blocks, or monomers: dimethyl terephthalate (DMT) and mono-ethylene glycol (MEG). After depolymerization, the monomers are purified back into their original form. Finally, Invista’s polymerization technology is used to rebuild the DMT and MEG into brand new PET resin or polyester fiber.
“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.”
Loop’s technology can claim a lower environmental impact than that of virgin PET. In fact, an Infinite Loop plant with a 63,000-ton production capacity can claim carbon dioxide (CO2) savings of 135,500 tonnes, 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 owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and saltwater, into its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin and polyester fiber suitable for use in food-grade packaging.