Loop news and archive

Loop Industries CFO exits, interim appointed

Plastic recycler Loop Industries has announced that its chief financial officer, Fady Mansour, was “removed” from his position and replaced by Nicolas Lafond, who will take on the role in an interim capacity. Lafond, who had also previously been interim CFO for Loop between December 2022 and April 2023, currently serves as the company’s senior...

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Loop Industries terminates South Korean deal, India plan moves forward

Loop Industries, the operator of PET plastic and polyester fibre recycling technology, has announced the breakdown of its joint venture with South Korean Geo Centric (SKGC). The duo had initially established their relationship in early 2023 with the intention to construct and operate an Infinite Loop manufacturing facility in Ulsan, South Korea....

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Poshmark partners with Loop to offer returns resale options for returns

Resale fashion marketplace Poshmark has partnered with Loop to offer US consumers the possibility to resell goods or items meant for return. The new partnership, which sees Poshmark working with the commerce platform for Shopify brands, ensures that the US shoppers in Loop's merchant network can now resell items on Poshmark, turning missed...