Loop Industries forms committee to weigh sale or merger

Loop Industries' board has formed a Strategic Alternatives Committee to evaluate options including a sale, merger, going-private transaction or licensing deals. The move follows the separation of the Chairman and CEO roles, with the committee's first task to help secure funding for Loop's planned India recycled-PET joint venture. No timetable has been set.

Why this mattersA formal sale-or-merger review at a listed recycled-PET technology developer signals funding pressure on next-generation chemical recycling capacity ahead of stricter recycled-content rules.

• Loop Industries' board formed a Strategic Alternatives Committee on 17 September 2026
• The committee follows Jeff Geygan's appointment as Chairman, separating the Chairman and CEO roles previously held together
• Options under review include a sale, merger, going-private transaction, licensing deals, regional joint ventures and corporate restructuring
• The committee's immediate priority is securing Loop's required capital contribution and project-level financing for its planned India joint venture
• Founder and CEO Daniel Solomita remains in charge of operations, including the India joint venture and commercialisation
• No timetable has been set and the company has not decided on any specific alternative

Relevant to you? Yes No