“A fully integrated start-to-finish process will soon exist to commercialize Loop’s innovative Generation II technology and help tackle the global plastic crisis. These facilities will make it possible for all forms of waste PET and polyester fibre, even ocean plastics that have been degraded by the sun and saltwater, to be fully recovered and upcycled into PET of the highest purity and performance quality,” said Daniel Solomita, CEO and founder of Loop.
The strategy is now the company’s focus to capitalize on its technology and respond to the demands of consumers, governments, non-governmental organizations and brand owners who have committed to ambitious sustainability targets.
This integrated innovation will join Loop’s proprietary depolymerisation technology with state of the art PET production processes, allowing plastic waste to be utilised as feedstock to produce Loop PET resin and facilitate the transition to a circular economy. The technology will take waste PET and polyester fiber that can include PET plastic bottles and packaging of any color, transparency or condition, and carpet and other polyester textiles that may contain colours, dyes or additives and separate the PET from all contaminants to produce virgin quality FDA-approved food-safe Loop PET resin and polyester fibre.
“To encourage more recycling at the community level and reduce climate causing emissions, Loop facilities are planned to be optimally located adjacent to large population centres where ample feedstock can be found,” added Solomita. (RR)
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