LOOP INDUSTRIES, INC. : Other Events, Financial Statements and Exhibits (form 8-K)

Item 8.01. Other Events.

On December 14, 2020, Loop Industries, Inc. (the "Company"), issued a press release announcing the Company's release of an independent verification report of its patented Gen II depolymerization technology conducted by Kemitek, a not-for-profit College Centre for Technology Transfer specialized in the fields of green chemistry and chemical process scale-up.

Loop commissioned Kemitek to validate Loop's technology, which turns waste PET plastic and polyester fiber feedstocks into its primary building blocks, or monomers: dimethyl terephthalate ("DMT") and monoethylene glycol ("MEG"), which meet established purity criteria for producing virgin-quality PET.

The report concludes that the quality of the primary PET plastic building blocks meets Loop's specifications for the production of PET resin and polyester fiber.

A copy of the Company's press release is attached hereto as Exhibit 99.1.

The foregoing summary is qualified in its entirety by reference to a copy of the report, which is filed herewith as Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number   Description
  99.1           Press Release, dated December 14, 2020
  99.2           Kemitek Report, dated December 10, 2020

© Edgar Online, source Glimpses