Loop Industries, thyssenkrupp sign agreement to advance sustainable PET manufacturing

Loop Industries Inc. (Montreal, QC), a technology innovator in sustainably produced plastic, has announced a strategic partnership with ThyssenKrupp Industrial Solutions subsidiary Uhde Inventa-Fischer GmbH (Essen, Germany), a global polyester technology provider. The agreement seeks to offer a turnkey industrial solution that can be licensed to manufacturing companies for the commercially viable production of sustainable PET and polyester.
“We have successfully established a large variety of patented technologies and processes in the global market. This agreement will enable a very resource-efficient and cost-attractive solution for the production of sustainable PET and polyester,” said Sami Pelkonen, CEO of the Electrolysis & Polymers Technologies business unit of ThyssenKrupp Industrial Solutions. “The alliance with Loop Industries is an important milestone on the way to producing sustainable PET and polyester.”