Loop Industries' Loop Canada To Receive Funding Of Up To C$2.92M As Well As Advisory Services From The National Research Council Of Canada Industrial Research Assistance Program

Loop Industries (NASDAQ:LOOP), a clean technology company accelerating the transition to circular plastic and polyester manufacturing, today announces that its wholly-owned subsidiary, Loop Canada Inc., is receiving funding of up to C$2.92 million as well as advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

Supported through the NRC IRAP Clean Technology initiative, this multi-year project supports scale-up, engineering, operational efficiency, and deployment initiatives associated with Loop's proprietary Infinite Loop™ technology platform.