Brief: Loop Industries signs 5-year recycling supply deal with French company Danone

Loop Industries

16/05/2022 12:30

May 16 (Reuters) - Loop Industries  LOOP.O /Danone
 DANO.PA :
    
    * Loop Industries  LOOP.O 
announced a multi-year supply agreement with French food
group Danone SA  DANO.PA , one of the world's leading global
food and beverage companies
    * The new 5-year agreement will supply Danone brands,
including evian water, with Loop™ branded PET resin made
from 100% recycled content. The resin will be supplied from
the planned Infinite Loop™ Bécancour plant which is currently
anticipated to begin production in Q4 2024.



 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))