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Varyk Kutnick

Research Analyst at Divyde Capital Partners

Varyk Kutnick is the General Partner and Portfolio Manager at Divyde Capital Partners, a value-driven, long-biased U.S. equities hedge fund, specializing in identifying early-stage investments across sectors driven by megatrends such as transport, energy, food, and waste. He actively covers companies including Loop Industries, showing a hands-on approach through direct company engagement and concentrated portfolio management, though specific performance metrics or platform rankings are not publicly disclosed. Kutnick began his finance career after six years as a professional skier, previously serving as Vice President and Portfolio Manager for a family office and ultra-high-net-worth clients at Merrill Lynch Global Wealth Investment Management and Alex Brown Private Wealth, before founding Divyde Capital Partners in 2016. He holds a B.S. in Business Management with a minor in Strategy and Entrepreneurship from the Leeds School of Business at the University of Colorado Boulder; no public record was found regarding FINRA registration or securities licenses.

Varyk Kutnick's questions to Loop Industries (LOOP) leadership

Question · Q1 2026

Varyk Kutnick of Divyde Capital Partners asked for details on Loop's capital intensity, specifically requesting the gross and net CapEx per pound for its planned facility to compare against a competitor's figures.

Answer

CEO Daniel Solomita stated that for Loop's technology alone, excluding land, financing, and polymerization, the CapEx is 61 cents per pound for a 154 million pound-per-year facility. He highlighted that this cost is highly competitive and could decrease further with scale. When including the polymerization unit, the cost rises to 75 cents per pound.

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Question · Q4 2025

The analyst asked for a comparison of the India plant's CapEx with previous projects, details on the structure of offtake agreements, pricing competitiveness, expected profit margins, and confirmation of the investment payback period.

Answer

The India project's CapEx represents an 80% reduction compared to the previous Korean project estimate. Offtake agreements are structured to be bankable with guaranteed volumes and take-or-pay features. The low CapEx allows for competitive pricing against mechanical recycling while offering superior quality. Margins are expected to be robust from day one, and the company confirmed the analyst's calculated payback period of 1.5 to 2.5 years on their equity investment is correct.

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