Are you in the Loop? The relationship between guzzling soda and an increasing global green consciousness went public in 2018 when sustainable plastic giant, Loop Industries, and Coca-Cola announced a multiyear supply agreement.
On behalf of its joint venture with Indorama Ventures Ltd., the Montreal-based Loop Industries will supply its PET plastic (a 100-percent-recycled polyethylene terephthalate) in the United States to authorized Coca-Cola bottlers. Production is expected to begin in Q1 2020 in the Carolinas.
Loop and it’s long-term vision is nothing short of fascinating, not to mention a major disruptor in the plastics manufacturing industry. Their website states: “We bring plastic production into the sustainable circular economy. We decouple plastic from fossil fuels by creating new PET from waste plastic.” We’ll drink a Diet Coke to that.
Did you know that RealDealDocs also features press releases announcing business contracts, agreements and deals? Take a look!
Here are several Loop Industries documents and press releases in the RealDealDocs database:
1) Loop Industries
2) Loop Industries
New Agreement Enables Authorized Coca-Cola Bottlers to Enter into Supply Agreements to Secure 100% Sustainable Loop™ Branded Pet Plastic Resin