Loop Industries Announces Its Loop(TM) Branded PET Resin Is Compliant for Pharmaceutical Industry Packaging Applications

• LOOP BRANDED PET RESIN MEETS REQUIREMENTS AND STANDARDS OUTLINED BY THE UNITED STATES AND EUROPEAN PHARMACOPEIA

MONTREAL, QC / ACCESSWIRE / December 13, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that its Loop branded PET resin has been tested and is compliant for use in packaging applications in the pharmaceutical industry.

The rigorous requirements and standards outlined by the United States Pharmacopeia (USP <661.1>, Plastic Materials of Construction) and the European Pharmacopeia (Ph.Eur. 3.1.15, Polyethylene Terephthalate for Containers for Preparations not for Parenteral Uses) ensure that materials used in pharmaceutical packaging maintain the highest levels of integrity and do not compromise the safety and efficacy of the enclosed products. Test results executed by a worldwide leader in laboratory testing services confirm that Loop's PET resin has successfully met these requirements, opening new possibilities for sustainable packaging solutions in the pharmaceutical industry.

The pharmaceutical industry is increasingly recognizing the importance of adopting sustainable practices and materials to reduce its environmental impact. Loop's 100% recycled virgin quality PET can help support pharmaceutical companies with a sustainable packaging alternative and address the growing demand for environmentally responsible choices in the industry.

In addition to pharmaceutical packaging applications, Loop branded PET resin is also suitable for use in food-grade packaging, cosmetic packaging and polyester fiber textile applications.

"Our Infinite Loop technology upcycles the lowest quality PET and polyester fiber waste into 100% recycled PET resin of the highest purity, meeting the strict standards of the pharmaceutical industry", said Adel Essaddam, Vice President of Science and Innovation. "Loop PET resin creates circularity for low value waste while reducing greenhouse gas emissions and can save up to 360,000 tonnes of CO2 per year compared to virgin PET made from fossil fuels¹", he added.