Climate Change Data

Loop Industries, Inc.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Circular Economy
  • Climate Change
  • Sustainable Packaging

Environmental Achievements

  • 60% Less Global Warming Potential (GHG) compared to virgin PET production
  • 58% Less Smog Formation Potential (SFP) compared to virgin PET production
  • 80% Less Water Consumption compared to virgin PET production
  • 75% Less Primary Energy Demand (Non-Renewable) compared to virgin PET production
  • A Loop facility with an annual capacity of 70,000 Tonnes can claim an annual savings of 150,500 Tonnes of Carbon Dioxide (CO2) compared to virgin PET production

Social Achievements

  • Partnerships with industry leaders like SUEZ and SK global chemical to expand globally
  • Joint Venture with Indorama Ventures to integrate Loop’s depolymerization technology with Indorama’s existing PET plant

Governance Achievements

  • Obtained FDA No-Objection Letter
  • REACH Registration of monomers for import and manufacturing into Europe

Climate Goals & Targets

Medium-term Goals:
  • By 2030, to divert ~400,000 tonnes of PET plastic and polyester fiber waste from landfills, oceans and incineration annually (Asia JV)
Short-term Goals:
  • Conversion of pilot plant into demonstration and training facility (largely complete in 2021)

Environmental Challenges

  • Commercialization of technology and products
  • Obtaining additional funding
  • Building manufacturing facilities
  • Selling products to generate revenue
  • Supply chain disruptions
  • Competition
Mitigation Strategies
  • Multi-year offtake agreements
  • Joint ventures with industry leaders
  • Strategic partnerships
  • Pilot plant upgraded to demonstration and training facility

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • SDG 9: Industry, Innovation and Infrastructure
  • SDG 12: Responsible Consumption and Production
  • SDG 13: Climate Action

Loop's technology contributes to these goals by promoting sustainable production and consumption patterns, reducing greenhouse gas emissions, and fostering innovation in the plastics industry.

Sustainable Products & Innovation

  • Loop™branded PET resin made from 100% recycled content