Loop Industries Advances Commercialization with Key Agreements
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Loop Industries, Inc. is advancing its commercialization efforts in producing 100% recycled PET plastic and textile-to-textile polyester. Recent achievements include securing offtake agreements in India, strategic alliances in Europe, and acquiring a site in Gujarat. The company reported a reduced net loss of $3.2 million for Q2 fiscal 2026, with a total revenue of $252,000 for the first half of the year. Management remains optimistic about future revenue from projects in India and Europe.
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