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Loop Industries secures $34.6M for PET depolymerization project

Loop Industries has arranged a deal with Northern Private Capital that will allow it to secure $34.6 million to co-develop a recycling facility for polyethylene terephthalate with Indorama Ventures. Loop has already begun retrofitting Indorama sites with its PET depolymerization technology, allowing them to produce RPET.

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