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2019 visionary finalist: Loop Industries, Inc.

Our innovation is: "transformational, sustainable, responsible”

— Daniel Solomita, Founder and CEO, Loop Industries Inc.

Organization: 
Loop Industries, Inc.

Finalist category: 
The visionary

Industry: 
Technology

What problem is the innovation trying to solve?

"Loop’s technology and business allows no- and low-value waste PET plastic and polyester fibre, including plastic bottles and packaging, carpet and textiles of any colour, transparency or condition, to be converted into infinitely recyclable, virgin-quality PET and polyester fibre—helping to directly solve the global plastic crisis."

— Daniel Solomita, Founder and CEO, Loop Industries Inc.

The innovation:

"Loop is a technology and licensing company that produces 100% upcycled, food-grade, virgin-quality PET and polyester fiber by using waste PET and polyester that is diverted and recovered from landfills, rivers and oceans—helping consumer brands meet their sustainability goals, while also helping the world decouple plastic from fossil fuels."

— Daniel Solomita, Founder and CEO, Loop Industries Inc.

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