Loop Industries Reports Second Quarter Fiscal 2027 Results and Announces Plan to Expedite Development of India FacilityINFINITE LOOP INDIA FACILITY RESCALED TO 45 KTA TO REDUCE CAPITAL REQUIREMENTS AND SUPPORT FASTER DEVELOPMENT SPECIAL COMMITTEE, FORMED IN SEPTEMBER 2026, CONTINUES TO EVALUATE FINANCING ALTERNATIVES TO SUPPORT THE INDIA JV LOOP MANAGEMENT TO HOLD UPDATE CALL AT 8:45 AM ET ON FRIDAY, OCTOBER 16, 2026 MONTRÉAL, QC / ACCESS Newswire / October 15, 2026 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our") a clean technology company that has developed patented and proprietary processes to recycle low-value waste polyethylene terephthalate (PET) plastic and polyester fiber into virgin-quality PET resin, today reported its consolidated financial results for the second quarter of fiscal year 2027 and provided a status update on its commercial development project in India. Infinite Loop™ India: Optimizing scale to Support Faster Execution Loop's planned first commercial facility in India has been rescaled to a capacity of 45 kilotonnes per annum (KTA), following an engineering review intended to reduce the project's estimated capital requirement and support a more focused development plan: ● Lower Capital Requirement: Reducing the scale of the facility will directly lower the overall facility cost, decreasing both our debt and equity financing needs.
Accesswire10/15/2026Neutral