Loop Industries develops patented technology to chemically recycle waste polyethylene terephthalate (PET) plastic and polyester fiber by breaking them down into base monomers, which are then purified and converted back into virgin-quality PET resin suitable for food-grade packaging and polyester production. The company generates revenue primarily through technology licensing agreements that grant industrial partners rights to operate depolymerization facilities in specific regions, engineering services supporting facility design and construction, and limited product sales of its Loop™ branded PET resin. Loop operates through wholly-owned subsidiaries and equity interests in strategic joint ventures focused on developing commercial-scale facilities, positioning itself as a chemical recycling technology provider serving the packaging and fiber industries seeking sustainable alternatives to virgin plastic production.