Loop Industries Secures Canadian Funding to Advance Commercial Deployment of Chemical Recycling Technology

Loop Industries has secured up to C$2.92 million in non-dilutive funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support the commercial deployment of its proprietary chemical recycling technology for hard-to-recycle plastic waste. The funding will be provided to the company’s wholly owned subsidiary, Loop Canada Inc., under the NRC IRAP Clean Technology initiative.

Based in Canada, Loop Industries develops technologies aimed at converting low-value and difficult-to-recycle plastics and polyester waste into virgin-quality materials suitable for new packaging and textile applications. The company’s Infinite Loop™ technology is designed to recover plastics that are often excluded from conventional mechanical recycling streams.

The multi-year project will support technology scale-up, engineering development, operational efficiency improvements, and deployment activities associated with the Infinite Loop™ platform. According to the company, the funding is intended to strengthen technical readiness and support the transition from development-stage operations toward commercial-scale implementation.

The investment comes as governments and industry stakeholders increase efforts to expand advanced recycling capacity and improve the recovery of plastic waste streams that are difficult to process through traditional recycling methods. Chemical recycling technologies are attracting growing attention as regulators and brand owners seek additional pathways to meet recycled content targets and circular economy commitments.

Daniel Solomita, Founder and Chief Executive Officer of Loop Industries, said the project would help further validate the company's technology and commercialization strategy.

“This project will enable us to further validate our technology platform and scale-up strategy. The support from NRC IRAP will help strengthen our operational and technical foundation as we prepare for broader deployment,” Solomita said.

The funding will also support initiatives focused on operational readiness, commercial execution, and reducing overhead costs ahead of commercialization.

Mélanie Joly, Canada’s Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, said the investment reflects the government's support for clean technology companies addressing environmental challenges.

“By investing in companies that tackle pressing environmental challenges like hard-to-recycle plastic waste, our government is helping Canadian innovators scale promising clean technologies that strengthen our circular economy and move sustainable manufacturing closer to commercial reality,” Joly said.

Tatiana Auguste added that innovations in advanced recycling can help convert waste into valuable resources while supporting broader sustainability objectives.

The latest funding provides Loop Industries with additional resources to advance commercialization efforts as demand grows for technologies capable of processing plastic waste streams that remain difficult to recycle through existing infrastructure.

Source: ACCESS Newswire

SUNSHINE Spotlight: Canadian funding support highlights continued public-sector backing for advanced recycling technologies aimed at expanding solutions for hard-to-recycle plastic waste.