|Loop Industries, Inc. Begins Trading Under New Ticker "LLPP"|
October 28, 2015
LOS ANGELES, CA--(Marketwired - Oct 28, 2015) - Loop Industries Inc. (OTCQB: LLPP) announces its common shares have been approved to begin trading on the OTCQB® Venture Market under the ticker symbol "LLPP."
Loop Industries is an environmentally responsible manufacturer of Purified Terephthalic Acid (PTA) and Ethylene Glycol (EG), the fundamental chemical components used in manufacturing polyethylene terephthalate (PET). PET plastic is most commonly found in beverage bottles, consumer packaging and polyester fiber. Loop Industries' proprietary process sustainably converts waste plastics into high purity PTA and EG that can be used to create up to 100 percent recycled food grade PET resin. This commercial grade PET resin can be used in a variety of bottling, consumer packaging and other industrial applications.
The Company's goal is to enable consumer products companies, and other industries worldwide, to achieve their sustainability objectives by incorporating PTA and EG manufactured through Loop's proprietary technology into their PET plastic supply chain. The Company believes that by using PTA and EG produced through Loop's proprietary technology, leading consumer brands will be able to cost effectively increase the recycled content of their products, reduce their products' carbon footprint1 and lower our society's dependence on fossil fuels.
Abstract of US2012184788 (A1)
A method for transforming a selected polymeric material into a plurality of reaction products via supercritical water is disclosed. The method comprises: conveying the selected polymeric material through an extruder, wherein the extruder is configured to continuously convey the selected polymeric material to a supercritical fluid reaction zone; injecting hot compressed water into the supercritical fluid reaction zone, while the extruder is conveying the selected polymeric material into the supercritical fluid reaction zone so as to yield a mixture; retaining the mixture within the reaction zone for a period of time sufficient to yield the plurality of reaction products.; The reaction zone may be characterized by a tubular reactor having an adjustably positionable inner tubular spear, wherein the tubular reactor and the inner tubular spear further define an annular space within the reaction zone, and wherein the mixture flows through the annular space and into a reaction products chamber.
Simple, effective, might work!
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Pompano Beach, Florida, 33062