Loop Industries receives C$2.92 million government funding for recycling tech

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Loop Industries Secures Funding to Support Commercial Deployment of Proprietary Chemical Recycling Process for Hard-to-Recycle Plastic Waste

June 3, 2026 4:30 PM EDT

MONTRÉAL, QC / ACCESS Newswire / June 3, 2026 / Loop Industries (NASDAQ: LOOP), a clean technology company accelerating the transition to circular plastic and polyester manufacturing, today announces that its wholly-owned subsidiary, Loop Canada Inc., is receiving funding of up to C$2.92 million as well as advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP).

Supported through the NRC IRAP Clean Technology initiative, this multi-year project supports scale-up, engineering, operational efficiency, and deployment initiatives associated with Loop's proprietary Infinite Loop technology... More