Loop Industries, Uhde Inventa-Fischer announce strategic alliance
Loop Industries and thyssenkrupp industrial solutions' division, Uhde Inventa-Fischer GmbH, announced a strategic alliance expected to shape the future of PET and Polyester manufacturing. The global alliance agreement advances the integration of their respective technologies intended to provide an industrial solution for license to manufacturing companies seeking a commercially viable technology to produce sustainable PET and polyester plastic. Loop and thyssenkrupp industrial solutions have already begun the integration assessment and are collaborating on the WTR process design package ready for license to global manufacturing companies who will now be able to establish facilities close to urban centers where feedstock is readily available and decouple PET plastic from fossil fuels. Both companies will retain all rights, titles and interests in and to their respective intellectual property.