# Loop Industries signs multiyear supply agreement with L'Oréal for recycled PET resin

Loop Industries entered a multiyear offtake agreement with L'Oréal to supply 100% recycled PET resin from its joint venture facility in Spartanburg, S.C., with Indorama Ventures. The facility's capacity is being increased to 40,000 tons per year.

- Type: Contract
- Announced: 2020-03-12
- Where: Spartanburg, South Carolina, United States
- Status: announced
- Capacity: 40,000 tons per year
- Products: polyethylene terephthalate (PET) resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [waste360.com](https://www.waste360.com/plastics/loop-industries-signs-multiyear-supply-agreement-with-l-or-al), 2020-03-12: "Supporting businesses in achieving their sustainability objectives while helping consumers understand the potential of plastic in a circular economy model is at the core of Loop's mission."

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