# Loop Industries signs multi-year supply agreement with L'Oréal

Loop Industries entered into a multi-year offtake agreement with L'Oréal to supply PET resin made from 100% recycled materials for packaging. The resin will be supplied from Loop's joint venture facility in Spartanburg, South Carolina with Indorama Ventures.

- Type: Contract
- Announced: 2020-03-06
- Where: Spartanburg, South Carolina, United States
- Status: announced
- Capacity: 40 KT per year
- Products: PET resin made from 100% recycled materials
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (partner)
- [Loop Industries](https://endata.com/companies/4019.md) (supplier)
- [L'Oréal](https://endata.com/companies/8142.md) (customer)

## Sources

- [chemicalrecycling.eu](https://www.chemicalrecycling.eu/news/loop-industries-announces-signature-of-multi-year-supply-agreement-with-loreal/), 2020-03-06: "The growing demand for Loop Industries’ resin has driven the joint venture’s decision to increase the facility’s production capacity to 40 KT per year."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.