Loop Industries and Reed Management Sign Agreement for EUR 35 Million Financing for Global Commercialization of the Infinite Loop(TM) Technology and To Form French Joint Venture

LOOP AND REED MANAGEMENT SAS (“REED”) SIGN AGREEMENT FOR €35 MILLION IN FINANCING TO CONTRIBUTE TO THE GLOBAL COMMERCIAL ROLLOUT OF THE INFINITE LOOP™ TECHNOLOGY
LOOP AND REED TO FORM JOINT VENTURE TO COMMERCIALIZE LOOP’S TECHNOLOGY ACROSS EUROPE
PARTNERSHIP IN LINE WITH LOOP’S STRATEGY OF DEPLOYING CAPITAL IN LOW-COST MANUFACTURING COUNTRIES SUCH AS INDIA AND HAVE A MORE ASSET-LIGHT MODEL FOCUSED ON LICENSING ITS TECHNOLOGY IN HIGHER COST COUNTRIES

MONTREAL, QUEBEC, May 31, 2024 – (ACN Newswire) – Loop Industries, Inc. (NASDAQ:LOOP) (the “Company,” “Loop,” “we,” “us,” or “our”), 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 the Company and Reed, a European investment firm focused on high impact and technology-enabled infrastructure, have signed definitive binding agreements, subject to certain closing conditions, for an investment of €35 million from Reed to fund the global commercialization of the Infinite Loop™ technology and have agreed to form a 50/50 joint venture for the European deployment of Loop’s technology.

The signing of this agreement occurred subsequent to the Company’s fourth quarter and full fiscal year 2024 financial release and 10-K filing and is therefore being announced separately as a further update to these filings.

Under the terms of the agreement, which has been signed following the completion by Reed of extensive operational, technical, ESG, and legal due diligence, Reed will provide capital as follows:

€10M investment in a Convertible Preferred Security to be issued by Loop, which contains a 13% PIK dividend rate and 5-year term;
€25M loan to Loop in two equal tranches – first tranche to support global deployment opportunities paid at closing and second tranche to support European deployment opportunities paid in the following 12 months with both tranches having a 13% PIK interest rate and 3-year term;

Loop is also concurrently negotiating financing with a governmental agency in order to complete the Company’s required financing for its planned monomer facility in India.

The closing of the transaction is subject to the fulfillment of certain closing conditions, principally the conditions that (i) Reed shall have successfully completed its first capital raising for its fund; and (ii) Loop shall have received a binding financing commitment from a governmental agency.

The Company understands that Reed’s funding negotiations are progressing well. The Company also believes that its process to obtain the government funding is advancing positively. While there can be no assurance that the abovementioned closing conditions will be met, the Company currently anticipates that the transaction should close by the end of the second quarter of the current fiscal year.

Julien Touati, CEO of Reed, commented saying: “We are convinced at Reed that tackling global sustainability issues such as plastic pollution requires scaling up the best technologies globally and applying them to large-scale capital-intensive projects locally. Our partnership with Loop Industries is a fantastic illustration of how this approach comes into play. After months of active engagement, we have been more than impressed with Loop management’s vision as well as the reliability and versatility of Loop’s technology. We will serve as a trusted partner for European expansion and are deeply honored to support Loop’s scale up in an active manner alongside Daniel and his team.”

Daniel Solomita, Founder and CEO of Loop Industries, commented saying: “We are thrilled to form this strategic partnership with Reed, this partnership enhances our strategy of deploying capital in low-cost manufacturing countries such as India and focus more on an asset-light licensing model in higher cost countries such as in western Europe. In addition to providing the capital required for Loop’s equity commitment in India, this partnership also brings strategic support from Reed’s experienced leadership thanks to their in-depth industry experience as well as their established relationships with major financial institutions.”

About Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”

For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

Forward-Looking Statements

This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue,” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any U.S. Securities and Exchange Commission (“SEC”) investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s Annual Report on Form 10-K for the fiscal year ended February 29, 2024 filed with the SEC and in Loop’s subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

For More Information:
Investor Relations:
Kevin C. O’Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com

Media Inquiries:
Andrea Kostiuk, VP Marketing & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com

SOURCE: Loop Industries, Inc.

Indonesia’s Collaboration on Treating Water Management

JAKARTA, May 22, 2024 – (ACN Newswire) –Water is the source of life. Its role is very essential for human life and the people’s development in a country. The development of water infrastructure is considered to play an important role in achieving this target.

The floating solar power plant (PLTS) in the Cirata Reservoir, West Java, Indonesia

In front of the heads of state present at the 10th World Water Forum (WWF) High Level Meeting (HLM) in Nusa Dua, Bali, Monday (May 20), Indonesian President Joko Widodo highlighted the achievements of his administration in building and strengthening domestic water infrastructure.

“In the last 10 years, Indonesia has strengthened its water infrastructure by building 42 dams; 1.18 million hectares of irrigation networks; and 2,156 kilometers of flood control and coastal protection; as well as rehabilitating 4.3 million hectares of irrigation networks,” the president noted in his opening speech.

The head of state then emphasized the important role of water, which is also utilized for a floating solar power plant (PLTS) in the Cirata Reservoir, West Java, as the largest floating PLTS in Southeast Asia.

He conveyed that the role of water is very central to human life as the World Bank research estimating that water shortages could slow down economic growth by up to six percent by 2050.

“Water scarcity can also trigger war and can be a source of disaster. Too much water or too little water can both be a problem for the world,” he remarked.

Hence, the 10th WWF is highly strategic to revitalize real action and joint commitment in realizing integrated water resources management.

The need to preserve local wisdom to treat water as a cultural value inherited from our ancestors is also important.

Widodo explained that the Subak irrigation system in Bali Province is a form of such local wisdom.

The water resources have important cultural value for Indonesian people, with the Subak irrigation system in Bali being practiced since the 11th century and recognized as a world cultural heritage.

Water for the community is the glory of God while highlighting the spiritual and cultural value of water that should be managed together. This is in line with the World Water Forum’s current theme of “Water for Shared Prosperity” which can be interpreted into three basic principles.

The principles are avoiding competition, prioritizing equality and inclusive cooperation, and supporting peace and shared prosperity. “All three can only be realized with one keyword, that is collaboration,” Jokowi stated.

Collaboration is actually needed to improve water quality and preserve its availability, amidst the threat of a water crisis. Not only the government, private sector, and academics, water management also needs to involve the younger generation.

The young generation could make a real contribution to maintaining the security and sustainability of water resources. The simplest ways were keeping plastic waste out of the ocean and saving water usage, said Cinta Laura, the Communications Ambassador for the 10th WWF, at the Media Center in Bali Nusa Dua Convention Center (BNDCC), Bali, on Monday, 20 May.

“Everyone’s involvement in water resources protection and conservation will bring a positive impact on the environment and of course the climate,” she said.

The youths could also help water preservation by spreading positive information about clean water conservation and disaster mitigation through various communication channels.

Water preservation and conservation from waste is a shared responsibility to ensure water sustainability for future generations.

Hence, the participation of all parties is needed to ensure water sustainability.

The 10th World Water Forum is taking place in Nusa Dua Bali from 18 to 25 May under the theme “Water for Shared Prosperity” and six sub-themes, namely Water Security and Prosperity, Water for Humans and Nature, Disaster Risk Reduction and Management, Governance, Cooperation and Hydro-diplomacy, Sustainable Water Finance, and Knowledge and Innovation.

Visit:
Official website: https://worldwaterforum.org
Instagram: https://www.instagram.com/worldwaterforum10/
Twitter|X: https://twitter.com/WWaterForum10
YouTube: https://www.youtube.com/@10thWorldWaterForum/
Facebook: https://www.facebook.com/wwf10/

Please contact:
Director General, Public Information and Communications, Ministry of Communications & Informatics (KOMINFO), Usman Kansong, t: +62 81 678 5320, e: humas@mail.kominfo.go.id
For daily WWF news and information, please visit https://infopublik.id.

Trial Carbon Capture Unit Begins Operating on Blast Furnace at ArcelorMittal Gent, Belgium

TOKYO, May 22, 2024 – (JCN Newswire) – ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium.

The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a sizeable portion of the Gent site emissions, if successful. Engineers have been working on site since January to assemble and commission the unit.

In October 2022, the four parties announced their collaboration on a multi-year trial of MHI’s carbon capture technology (Advanced KM CDR Process™) at multiple carbon dioxide (CO2) emission points, starting at the Gent steelmaking site. The pilot carbon capture unit will be testing initially with blast furnace and reheating furnace gas and has the potential to be trialled to capture steelmaking gases such as reformer flue gas from a Direct Reduced Iron (DRI) plant.

The development of the carbon capture solution at Gent could feed into multiple CO2 transport and storage projects under development in the North Sea region and contribute to global technological solutions required for decarbonisation of steel production. The EU has an objective to achieve an annual CO2 storage capacity of 50 million tonnes by 2030, proposed under the Net-Zero Industry Act. Moreover, the International Energy Agency (IEA) estimates CCUS technology needs to apply to more than 37 per cent of primary steel production by 2050, equivalent to 399 Mtpa of CO2, for the Net Zero Emissions scenario (Source: IEA Net Zero Roadmap – 2023 update).

To further understand how MHI’s carbon capture technology can be incorporated into existing steel plants, ArcelorMittal is facilitating the trial in Gent, Belgium, with MHI supplying its proprietary carbon capture technology and supporting the engineering studies. BHP and Mitsubishi Development, as key suppliers of high-quality steelmaking raw materials to ArcelorMittal’s European operations, are supporting trial funding.

Speaking in Gent at the consortium meeting, ArcelorMittal Belgium’s CEO, Manfred Van Vlierberghe, said “ArcelorMittal Belgium’s decarbonisation efforts can be summarized in three axes. The first axis focuses on energy efficiency: reuse of waste heat and renewable energy. In our second axis, we are replacing coal with a combination of gas and electrification. And finally, the third axis, is based on circular use of carbon – CCU and CCS. Here, the installation of the carbon capture unit on our Gent blast furnace is a great example. The main ambition is to achieve completely carbon-free processes. A radical change is difficult, so we embrace every step that takes us towards our goal.”

MHI’s Senior Vice President (CCUS) of GX (Green Transformation) Solutions, Tatsuto Nagayasu, said “The launch of this pilot carbon capture unit marks a significant milestone on the iron and steel industry’s journey toward net-zero emissions. As a provider of innovative technologies, we are thrilled to witness our solutions in action, helping to decarbonize existing assets. We eagerly anticipate further deploying our technologies to achieve this goal.”

BHP Group Sales & Marketing Officer Michiel Hovers said “This represents real progress in proving up the feasibility of carbon capture for steel production, and BHP is delighted to be part of this consortium working on the pilot plant. This work could help develop a technology that may significantly lower CO2emissions intensity from the blast furnace which remains critical to meet steel demand, and while other pathways are further matured.”

Mitsubishi Development Chief Executive Officer, Kenichiro Tauchi said “This pilot is a significant step towards advancement of carbon capture technology as a potential solution to achieve solid emission reductions in the steel sector. We will continue to demonstrate our commitment to advancing confidence in reducing emissions in hard to abate industries as we move towards achieving a carbon neutral society.”

The trial at Gent will have two phases. The first phase involves separating and capturing the CO2 from the top gas from the blast furnace at a rate of around 300kg of CO2 a day – a technical challenge due to the differing levels of contaminants in the top gas. The second phase involves testing the separating and capturing of CO2 in the off-gases in the hot strip mill reheating furnace, which burns a mixture of industrial gases including coke gas, blast furnace gases and natural gas.

Members of the project team for ArcelorMittal, BHP, MDP and MHI recently visiting the pilot plant in Gent, Belgium

About ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2023 generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and, 42.0 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

About BHP

BHP is a leading global resources company with approximately 80,000 employees and contractors, primarily in Australia and the Americas. BHP’s products are sold worldwide, and it is among the world’s top producers of major commodities, including iron ore, copper, nickel, and metallurgical coal. Read more about our approach to climate change: www.bhp.com/climate

About Mitsubishi Development

Mitsubishi Development Pty Ltd has contributed to global industries for more than 50 years through its developments in the mineral resources sector and is a wholly owned subsidiary of Mitsubishi Corporation, one of Japan’s premier general trading and investment organisations with more than 80,000 employees globally.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world.

Please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

Loop Industries Collaborates With On and Unveils Launch of the Cloudeasy Cyclon, a Shoe Manufactured With the Infinite Loop(TM) Fiber-To-Fiber Recycling Technology

MONTREAL, QUEBEC, May 21, 2024 – (ACN Newswire) – 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 its collaboration with On, the Swiss sportswear brand, and unveiled the launch of the Cloudeasy Cyclon shoe. This innovative shoe, part of On’s Circular Cyclon™ program, is a groundbreaking achievement in sustainable footwear, featuring an upper crafted from yarn made with Loop’s 100% recycled polyester fiber using the Infinite Loop™ fiber-to-fiber recycling technology.

Photo: The Cloudeasy Cyclon shoe, featuring an upper crafted from yarn made with Loop’s 100% recycled polyester fiber using the Infinite Loop™ fiber-to-fiber recycling technology.

This collaboration combines On’s commitment to performance and sustainability with Loop’s disruptive technology to manufacture a shoe that is not only manufactured with recycled polyester fiber but can also be recycled into new shoes endlessly. This closed-loop system minimizes waste and maximizes sustainability, setting a new standard for environmentally responsible footwear manufacturing. Coloured, multi-material textile waste that was destined to be incinerated was diverted and upcycled into recycled polyester fiber and used in the upper of the Cloudeasy Cyclon shoe. The recycled polyester fiber was created from purified rDMT and rMEG monomers that were manufactured at Loop’s depolymerization facility in Terrebonne, Quebec, which were then polymerized into 100% recycled virgin quality Loop™ PET resin by Loop’s strategic partner, Ester Industries Ltd. On is the first footwear company to launch a shoe using the Infinite Loop™ fiber-to-fiber recycling technology.

The Cloudeasy Cyclon represents a new era of sustainable footwear and sets a precedent for circularity in the industry. The Infinite Loop™ technology not only reduces reliance on virgin materials produced from fossil fuels but also significantly cuts down carbon emissions by up to 79%1. Together with Loop, On is setting a new benchmark and standard for sustainable footwear, leading the way towards a circular future for the footwear and textile industry.

“We are excited to collaborate with Loop Industries as we take this significant next step in our circularity journey,” said Begüm Kürkçü, Director of Sustainability at On. “This latest expansion of the Cyclon program brings us closer to our long-term vision of becoming circular through design and business models.”

Daniel Solomita, Founder and CEO of Loop Industries, commented ” Our collaboration with On is a prime example that demonstrates the power and impact of fiber-to-fiber recycling, and showcases how polyester fiber waste can be transformed into virgin quality, recycled materials for new products. Our Infinite Loop™ technology enables brands to lower their carbon footprint without impacting quality or performance and helps pave the way for a more circular approach to manufacturing.”

The Cloudeasy Cyclon is available online through On’s subscription service Cyclon™ at www.on.com/cyclon

To view the press release issued by On, please click on the following link:

https://press.on-running.com/swiss-sportswear-brand-on-expands-its-circularity-program-with-two-new-shoe-models

About On

On was born in the Swiss Alps in 2010 with the mission to ignite the human spirit through movement – a mission that still guides the brand today. Fourteen years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel and accessories for high-performance running, outdoor, training, all-day activities and tennis. On’s award-winning CloudTec® innovation, purposeful design and groundbreaking strides within the circular economy have attracted a fast-growing global fan base – inspiring humans to explore, discover and Dream On.

On is present in more than 60 countries globally and engages with a digital community on www.on.com.

1 Life Cycle Assessment of Loop GEN II Infinite Loop France done by Franklin Associates, a division of ERG, compares kg for kg Loop PET vs. Virgin PET. CO2 savings are compared to the production of virgin PET made from fossil fuels and the avoided incineration of waste used as a feedstock.

About Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling Loop Industries Collaborates With on and Unveils Launch of the Cloudeasy Cyclon, a Shoe Manufactured With the Infinite Loop™ Fiber-To-Fiber Recycling Technologyour customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”

For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

Forward-Looking Statements

This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any SEC investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

For More Information:

Investor Relations:
Kevin C. O’Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com

Media Inquiries:
Andrea Kostiuk, VP Marketing & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com

SOURCE: Loop Industries, Inc.

Indonesia calls for global action on sustainable water management at the 10th World Water Forum

JAKARTA, May 21, 2024 – (ACN Newswire) – Indonesia invites heads of state attending the 10th World Water Forum in Bali to take action to actualize inclusive and sustainable water management.

“This (forum) is meant to reaffirm our commitment and formulate concrete actions related to inclusive and sustainable water management,” President Joko Widodo (Jokowi) remarked at his opening on the forum’s High-Level Meeting on Monday.

At least four initiatives were proposed by Indonesia that are expected to be put forward in the forum’s first-ever ministerial declaration on May 21. These initiatives are World Lake Day, the establishment of a Center of Excellence on Water and Climate Resilience, integrated water resources management on small islands, and fundraising for water projects.

Water plays a critical role in human life and might be referred to as “the next oil” in the future, noting that water shortages could slow down economic growth by up to six percent by 2050.

Indonesia has been striving to strengthen its water infrastructure by constructing 42 dams and developing 1.18 million hectares of irrigation networks in the last decade. The country rehabilitated irrigation networks covering an area of 4.3 million hectares and developed 2,156 kilometers of flood control and coastal protection structures.

The government also utilizes the water surface in Cirata dam for the floating power plant in West Java Province.

“However, all these efforts are not enough. We can expect even more complicated issues related to water and sanitation in the future. We need to make similar efforts at the global level by involving countries, private actors, and civil society,” Widodo stated.

Indonesia’s effort is in line with the statement of the President of the World Water Council (WWC), Loic Fauchon, who invited the world community as the water warriors to achieve water security and solve world water problems.

“Be water warriors together. I want to call for the obligation to take care of nature and provide water for each other,” Fauchon said in his speech at the opening ceremony of World Water Forum’s 10th High-Level Meeting.

There are at least six efforts that WWC promotes to tackle water issues such as promoting water supply security policies at all levels, committing to changing behavior in achieving water sobriety, prioritizing the design and implementation of nature-based solutions for basins, admitting the right to water to national constitutions, Laws and local regulations.

Participating in the “Money for Water” Coalition, and ensuring more active, decentralized governance based on multilateral cooperation on water issues is also needed to tackle water issues.

“We need you, we want new ideas to write the future of water,” Fauchon remarked.

Indonesia hosts the 10th World Water Forum themed “Water for Shared Prosperity” held on 18-25 May 2024.

The High-Level Meeting was attended by world leaders, including Tajikistan Prime Minister (PM) Qohir Rasulzoda, President of Sri Lanka Ranil Wickremesinghe, President of Fiji Ratu Wiliame Maivalili Katonivere, Deputy Prime Minister of Malaysia Dato Sri Haji Fadillah Bin Haji Yusof, and Deputy Prime Minister of Papua New Guinea John Rosso.

The other attendees comprised President of the World Water Council (WWC) Loïc Fauchon; United Nations (UN) General Assembly President Dennis Francis; former Hungarian president Janos Ader; French special envoy Barbara Pompili; and Dutch special envoy Meike van Ginneken.

Spritzer’s ‘Plastic Reimagined’ inspires exciting ideas whilst giving new life and uses to recycled plastic

KUALA LUMPUR, May 21, 2024 – (ACN Newswire) – Spritzer, Malaysia’s leading mineral water brand, is excited to present “Plastic Reimagined,” an interactive and educational experience to inspire Malaysians to see plastic waste in a new light and raise awareness about recycling. Visitors to the 5-day event will have the opportunity to get up-close and personal with upcycled items and participate in a variety of exciting activities.

Second life of Recycled Plastic Bottles Process

This immersive event will be happening from May 22nd to 26th, 2024, at IOI City Mall in Putrajaya. Event highlights include the Spritzer upcycling art exhibition and a series of engaging activities designed to inform the public about the importance of recycling and the potential second life of recycled plastics.

Spritzer’s ‘Plastic Reimagined’ event represents a bold step towards a future rooted in sustainability and circularity, particularly in encouraging individuals to view plastic waste as a resource rather than refuse. By showcasing creative recycling methods and the potential of plastic, the event aims to transform the perception of waste, especially plastic waste, and demonstrate how every piece of plastic can be given a second life by turning it into something beautiful or functional. The ultimate goal of the campaign is to foster sustainable mindsets among Malaysians.

Spritzer’s goal is to become a fully circular brand by 2030 and the company has been actively seeking new ways to integrate sustainable practices into their business and lifestyle. They are also leading innovation in packaging by using recycled materials (rPET), with the packaging being 100% recyclable. ‘Plastic Reimagined’ is part of Spritzer’s ongoing efforts to change perceptions and aims to facilitate a shift towards more eco-friendly mindsets, where every piece of plastic has a purpose and a second life.

To that end, visitors to the ‘Plastic Reimagined’ event can look forward to a diverse range of activities and exhibits, including:

Plastic Bottles Recycling: Bring any 3 used plastic items, such as Spritzer bottles, to recycle and receive a complimentary Spritzer tote bag.
Exploring the Second Life of Recycled Plastic & Interactive Showcase: Learn how recycled plastics are processed and upcycled through engaging displays, providing a first-hand look at how plastics are transformed.
Succulent Planting Workshops: Learn sustainable practices through succulent planting workshops using recycled materials to incorporate eco-friendly techniques at home and in the garden.
Upcycling Art Exhibition: Experience stunning art installations made from recycled Spritzer plastic bottles by homegrown artists, showcasing the endless creative possibilities of upcycling. The featured artists include:
- CO2_karbondioksida by Celine Tan & Oscar Lee: Husband-and-wife duo from Muar, Johor. Celine Tan and her husband, Oscar Lee, created the Co2 art collective in response to the urgent need to raise awareness about the significance of producing less waste for the welfare of the earth. They are renowned for constructing colossal recycled marvels.
- Artsy Daphy: Celebrated for her vibrant works fusing traditional and contemporary styles, Artsy Daphy explores local heritage while promoting environmental awareness.
- Mereka by Biji-Biji Group: Mereka designs and implements training programs to inspire and equip future leaders in various industries. At the core of Mereka is a commitment to sustainability, incorporating eco-friendly practices and technologies that support innovative projects and environmental sustainability.

The ’Plastic Reimagined’ campaign is part of Spritzer’s ongoing efforts to drive positive change and contribute to a more sustainable future for Malaysia. By engaging the community through interactive experiences and thought-provoking art, the brand aims to shift mindsets and behaviours towards a more conscious and responsible approach to plastic waste management.

Plastic Reimagined is open to the public from 22nd to 26th May between 10AM and 10PM at the Ground Floor, West Court of IOI City Mall in Putrajaya

For more information and updates on “Plastic Reimagined,” visit Spritzer Mineral Water Malaysia.

Please download the high-res images from this link.

About Spritzer:

Established in 1989, Spritzer Group has been a pioneer in providing Malaysians with natural mineral water sourced from a 440-acre green rainforest. Committed to innovation, Spritzer Group leads the Malaysian bottled water industry through manufacturing, distribution, marketing, and sales of its diverse product line. From renowned natural mineral water to refreshing non-carbonated fruit-flavoured drinks, each product is carefully crafted to meet consumer needs.

Comprising eight business subsidiaries, Spritzer Group specializes in the production and distribution of silica-rich natural mineral water, sparkling natural mineral water, distilled drinking water, carbonated fruit-flavoured drinks, and non-carbonated fruit-flavoured drinks.

With over 30 years of experience, Spritzer Group is Malaysia’s largest and only listed bottled water producer. For more information, please visit www.spritzer.com.my.

For media enquiries please contact:

Hema Rengasamy
Senior Executive
Narro Communications
T: +6019-718 0410
E: hema@narrocomms.com

Winnie Chin
Head of Public Relations
Spritzer Berhad
T: +6019 553 2663
E: winniecgl@spritzer.com.my

Vietnam: International Dairy Product launches nutritious KUN milk with jelly pieces in SIG XSlimBloc carton packs

HO CHI MINH CITY, VIETNAM, May 20, 2024 – (ACN Newswire) – Dairy manufacturer International Dairy Products JSC (IDP) is offering a dairy product with jelly pieces in SIG XSlimBloc carton packs under its popular KUN brand, providing nutritious ready-to-drink milk for kids. This is made possible by SIG’s Drinksplus technology integrated into the SIG XSlim 24 Aseptic filling machine.

Dairy manufacturer International Dairy Products JSC (IDP) is offering a dairy product with jelly pieces in SIG XSlimBloc carton packs under its popular KUN brand, providing nutritious ready-to-drink milk for kids. This is made possible by SIG’s Drinksplus technology integrated into the SIG XSlim 24 Aseptic filling machine. (Photo: SIG)

Meeting the growing demand in Vietnam for high-quality dairy offerings to kids, KUN’s nutritious dairy range in 125ml and 180ml on-the-go SIG XSlimBloc carton packs is available in three flavors: Malt, Orange and Strawberry. Formulated specially for kids, KUN milk contains more vitamins (K2, A, D3, Choline, Beta Glucan, Zinc Lactate). With bite-size pieces of jelly, dietary fiber is added to the milk to aid in digestion. Drinking milk with jelly also appeals to kids, making it a multisensory drinking experience.

My Phan Ngoc, Marketing Director at IDP: “Our expanded KUN range is designed to offer kids a distinctive drinking experience. Leveraging the innovative packaging solution and filling technology from SIG, our consumers can now enjoy healthy and delicious milk with added value, sip by sip.”

The XSlim 24 Aseptic filling machine offers the flexibility to fill up to nine different pack sizes on the same high-speed filler (up to 24,000 packs/hour). The changeover time when switching pack size takes less than 15 minutes. This flexibility allows businesses to easily and quickly right-size their products based on consumer demands.

SIG’s Drinksplus technology allows F&B manufacturers to aseptically fill carton packs with beverages containing nutritious real bits of fruits, vegetables, grains or chewable pieces, such as jelly. SIG uses an advantageous sleeve system, where each carton pack is individually shaped, filled and ultrasonically sealed above the filling level, not through the actual product. This guarantees the aseptic safety of the product. Drinksplus products with perceptible pieces can be filled on standard SIG filling machines for beverages, once equipped with an easy-to-install ‘Drinksplus upgrade kit’. The products can be stored at room temperature for an extended period of time without losing its quality or flavor. The SIG Drinksplus technology provides the advantage of adding up to ten per cent particulate content like jelly into beverage products and to fill them aseptically into SIG carton packs. The bits can be up to six millimeters in length and width and ensure that drinking is fun.

Kha Vo Xuan Minh, Country Manager Vietnam at SIG: “With our flexible filling technology, our customers are well positioned to respond to consumer demands shaping the market. We are excited to see the first Drinksplus product filled in SIG XSlimBloc carton packs and look forward to bringing more innovative packaging solutions to the market.”

About SIG

SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.

Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2023, SIG produced 53 billion packs and generated €3.2 billion in revenue. SIG also has an AA ESG rating by MSCI, a 13.9 (low risk) score by Sustainalytics, Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our website.

For insights into trends that drive the food and beverage industry, visit the SIG blog.

Your contact for media inquiries:

PRecious Communications for SIG
Tel: +65 6303 0567
Email: sig@preciouscomms.com

Pham Thanh Hien
Email: hien@preciouscomms.com
Mobile: +84 914692188

REDEX to be an exclusive partner to TNBX in Malaysia to support the Malaysia Green Attribute Trading System (mGATS) platform

SINGAPORE, May 20, 2024 – (ACN Newswire) – REDEX will be an exclusive partner to TNBX to support the development of the Malaysia Green Attribute Trading System (mGATS) into the country’s preeminent digital trading platform for Malaysia Renewable Energy Certificates (mREC). The upgraded platform will provide a new avenue for businesses to conveniently pursue their renewable energy commitments and accelerate the nation’s pursuit of a sustainable energy future.

Launched five years ago as an information hub on RECs, the revamped mGATS will leverage REDEX’s innovative technological solutions to facilitate live trading and auctions while providing users with price transparency for mRECs acquisition.

REDEX Founder and CEO Kang Jen Wee said, “REDEX is honoured to be chosen by TNBX as a partner for the development of mGATS into a premier digital trading platform for the Malaysian market. We are excited to be part of the country’s journey to create a sustainable future for current and future generations.

“This collaboration also deepens our presence in Malaysia and highlights our innovative technological solutions to the wider REC industry. It also paves the way for deploying such similar proven solutions in other countries. Utilising our expertise and experience, REDEX will work closely with TNBX to enable more renewable electricity certification in Malaysia.”

A wholly-owned subsidiary of Malaysia’s leading utility company Tenaga Nasional Berhad (TNB), TNBX is the premier one-stop mREC solutions provider for Malaysian consumers and businesses.

TNBX Managing Director, Ir. Mohd Razif Abd Halim said, “The revamped mGATS is a significant step forward in Malaysia’s journey towards low carbon energy future. In line with the National Energy Transition Roadmap (NETR), this initiative will promote renewable energy and bolster the country’s ambition to achieve net zero carbon emissions by 2050.

“We are pleased to have REDEX, an experienced REC solution provider as our exclusive partner and we look forward to working with REDEX to develop a world-class platform for Malaysian corporate and industrial entities to use. TNBX will continue to provide practical and user-friendly renewable energy solutions for our valued customers and the Malaysian market. mGATS is now open for account registration at www.mgats.com.my. Do contact TNBX for more information on acquiring your mREC in Malaysia.”

About REDEX

REDEX provides innovative technological solutions that enable companies to adopt renewable energy with ease. Headquartered in Singapore, REDEX developed and operates Asia’s leading trading platform for Renewable Energy Certificates (RECs). We offer a one-stop ecosystem for RECs, supporting clients through the full REC lifecycle – asset registration, verification, marketplace and retirement.

Committed to accelerate the global transition towards clean, green and renewable energy, REDEX won the 2023 Emerging Enterprise Sustainability Award in Singapore.

Discover more at www.redex.eco.

About TNBX Sdn Bhd

TNBX is a wholly-owned subsidiary of TNB that focuses on ‘beyond the meter’ solutions. TNBX aims to provide more value propositions to customers through smart and innovative solutions especially in Renewable Energy (RE) and Energy Efficiency (EE). This is done through providing a one-stop center solution to the customers and nation such as Supply Agreement – Renewable Energy (SARE), Malaysia Renewable Energy Certificate (mREC), and EV charging platform.

For media queries, please contact:
Lin Daoyi
Manager, Public Affairs and Communications
Tel: +65 98508979
Email: daoyi.lin@redex.eco

London Climate Technology Show 2024 Returns For Third Edition at ExCeL London

LONDON, May 17, 2024 – (ACN Newswire) – Following the resounding success of its previous editions, the highly anticipated London Climate Technology Show is poised to make its triumphant return to ExCeL London from November 27-28, 2024.

As a premier platform for advancing the global net zero economy transition, the London Climate Technology Show 2024 promises to feature latest technology and innovative disruptions aimed at addressing the global climate crisis.With a dedicated focus on steering the transition towards a net-zero future, this edition will spotlight brilliant minds and leading companies esteemed for shaping a sustainable future with robust policies, collaborative ideas and groundbreaking technologies.

#CTS24 builds upon the strong foundation of its earlier editions and this year, the event aims to welcome over 6000+ attendees, 100+ exhibitors, 100+ speakers, 100+ associations and media partners and hundreds of journalists from across the world. The event will be an ideal place to connect, converge & collaborate with important industry players and get unparalleled insights into green tech innovations, effective decarbonisation strategies, and emerging business opportunities within the sector.

Adding on to its previous editions, #CTS24 amplifies its impact with dynamic multi-track conferences on Net Zero & Sustainability, AgriTech, EcoFunds, Carbon Capture, Built Environment, Climate Tech Innovation, Energy Evolution, and Carbon Markets. The conference will feature a stellar speaker lineup and content driven agenda, allowing participants to gain invaluable insights into the urgent need for collaborative global efforts to effectively tackle climate challenges head-on. Complementing the main program, #CTS24 will host engaging side events such as startup acceleration programs,workshops, etc fostering further opportunities for learning and collaboration.

Furthermore, the event will feature an immersive exhibition that will offer a dynamic platform for companies to showcase their innovative solutions and technological advancements in the field of sustainability. With an aim to gather thousands of industry professionals, #CTS24 will offer an opportunity for exhibitors to meet business partners in a highly engaging conducive environment. Moreover, the event is a right place for startups to present their ideas/offerings to the VCs and find the right investment for their business. This initiative aims to provide vital support for sustainable endeavours, thereby accelerating the adoption of eco-friendly technologies and practices.

The third edition of London Climate Technology Show is poised to break records on multiple fronts, from the scale of conference participation and exhibitions to the wider breadth of content, surpassing all previous milestones. Join us for an unforgettable experience that promises to ignite your passion and fuel your commitment to building a sustainable future. For more information and to register for the event, please visit: https://bit.ly/3TlN7AC

About the 3rd Annual London Climate Technology Show 2024 (CTS24)

Helping accelerate the global net zero economy transition, the London Climate Technology Show is the most sought after exhibition & conference focused on the fast developing climate technology value chain, where stakeholders from across the world assemble to experience two days of high value content and unparalleled business opportunities.

The London Climate Technology Show aims to be the largest climate technology exhibition and conference in the world for advancing the global net zero economy transition and shaping a sustainable future with ground breaking and collaborative technologies.

Aiming to accelerate the achievement of the goals outlined in the Net Zero pledges internationally, the event will bring together policymakers, industry leaders, investors, sustainability experts, and innovators to showcase the latest sustainability tech and drive the transition to a low carbon economy.

Building on two years of tremendous success, the globally acclaimed exhibition & conference will once again offer best-of-its-kind networking platform for governments, individuals and businesses of all sizes to showcase disruptive sustainability solutions to mitigate the climate crisis, help gain invaluable knowledge on green tech innovations & effective decarbonisation strategies accelerating the transition. At the core of the London Climate Technology Show is a shared mission to accelerate the transition to a sustainable, net-zero future.

Madhiya Nabi
PR and Communications Manager
Email Address: madhiya.nabi@valiantbmedia.com
Contact Number: +44 20 3287 8878

Thailand: Ivy launches plum and tamarind juice drinks in SIG XSlimBloc carton packs

BANGKOK, May 13, 2024 – (ACN Newswire) – I.P. Natural Products (I.P.) has expanded its popular Ivy beverage brand, so far consisting of UHT drinking yogurts, to include juices in SIG XSlimBloc carton packs, 170 ml and 200 ml.

I.P. Natural Products (I.P.) has expanded its popular Ivy beverage brand, so far consisting of UHT drinking yogurts, to include juices in SIG XSlimBloc carton packs, 170 ml and 200 ml.(Photo: SIG)

Ivy’s new juice range will be introduced in two Asian-inspired flavors: tamarind – a refreshing juice made with premium local Thai ingredients, and plum – a tangy-sweet juice made with fresh Taiwanese plums. Produced using Ivy’s unique beverage formulation, both products boast a distinctly Thai flavor profile that will appeal to local consumers who can enjoy it on the go. Both flavors will be available on Thai retail shelves in SIG XSlimBloc carton packs, 170 ml and 200ml.

Mr. Uthai Thaneswarakul, Managing Director and President of I.P. One Company Limited: “I.P. is thrilled to continue our long-term partnership with SIG as we expand Ivy’s beverage categories to meet the diverse needs of our consumers. We share SIG’s core values of providing consumers with safe and high-quality UHT products and believe in SIG’s commitment to providing even more sustainable innovations.”

He further shared: “We are committed to producing good quality products. I want Thai people to use and consume quality products, including delicious food and beverages made from quality ingredients. This is the key to our success, allowing us to grow sustainably both domestically and abroad.”

I.P.’s partnership with SIG spans 27 years. Together, the companies have brought popular beverages to market through a strong commitment to sustainability and innovation.

Angela Lu, President & General Manager Asia Pacific at SIG: “SIG offers comprehensive solutions that enable customers to explore new market segments. With our agile and flexible filling system, we offer customers unmatched volume and format flexibility, enabling them to meet the rapidly changing demands of consumers.”

The SIG XSlim 24 Aseptic filling machine offers the flexibility to fill up to nine different pack sizes on the same high-speed filler (up to 24,000 packs/hour). The changeover time when switching pack size takes less than 15 minutes. This flexibility allows businesses to easily and quickly right-size their products based on consumer demands.

About SIG

For insights into trends that drive the food and beverage industry, visit the SIG blog.

Your contact for media inquiries:

PRecious Communications for SIG
Tel: +65 6303 0567
Email: sig@preciouscomms.com

Busakorn Srisongkhroh, busakorn@preciouscomms.com, Mobile: 081-9110931
Srunthus Tangkunanont, srunthus@preciouscomms.com, Mobile: 081-2311010
Sirada Rongbundit, sirada@preciouscomms.com, Mobile: 080-5888886