Jonathan Norwood's questions to Loop Industries Inc (LOOP) leadership • Q1 2026
Question
Asked about the terms of offtake agreements, specifically customer 'outs' if construction is delayed. Also inquired about Loop's required equity contribution for the India facility, the resulting funding gap, the licensing pipeline, and the choice of KPMG for debt syndication.
Answer
The facility is planned for completion by the end of 2027. Customer contracts have a take-or-pay clause but do not penalize Loop for construction delays. Loop's required equity contribution is $25M, with a remaining funding gap of about $15M, which may be partially covered by accelerated revenue from the European project. The licensing pipeline is active due to lower CapEx from modularization. The choice of KPMG for debt syndication was led by their Indian partner's successful prior experience with them.