Loop Industries Q3 Earnings Call Highlights

On the call, management said it expects the India plant to have roughly five to six customers in total. Solomita said Loop currently has Tyrell Plus and Nike under contract and is in discussions with additional consumer packaged goods (CPG) and apparel companies to secure offtake commitments to fully contract the facility’s capacity.During the quarter, Loop executed a supply contract with Nike to serve as an anchor customer for the India facility. Solomita described the agreement as providing a fixed annual ...