Loop Industries, Inc. announced a multi-year supply agreement with French food group Danone SA. 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 Fourth Quarter 2024.

In conjunction with this agreement, Danone and other Loop partners retained a globally recognized third-party independent engineering firm to execute a detailed due diligence report, which validated and reinforced the quality, effectiveness, and scalability of Loop Industries' technology. Loop and Danone have developed a long-standing relationship built on transparency and communication that supports Danone's circular packaging commitments on a global basis. Throughout this time, Loop Industries has continued to work diligently on perfecting its technology for commercial production on an international scale, including projects to build greenfield Infinite Loop™ facilities in Canada, France, and South Korea.