Loop Industries Announces Agreement to Purchase Site for its First Manufacturing Facility in Montreal, Canada

October 4, 2017

MONTREAL–(BUSINESS WIRE)–Loop
Industries, Inc. (OTCQX: LLPP) (“Loop Industries” or “Loop” or the
“Company”) announced today that it has agreed to purchase the site where
it plans to build the Company’s first manufacturing facility. The
industrial site is located in Montreal, Canada. Completion of the
manufacturing facility is planned for Q4 2018. Along with other
conditions, the purchase offer is conditioned on the zoning acceptance
by the city of Montreal East. The purchase price is $1,200,000 Cdn.

The new facility is anticipated to have a total processing capacity of
approximately 53 million pounds (24,000 M/T) per year of waste
PET/polyester plastic. The resulting Purified Terephthalic Acid (PTA)
and Mono Ethelyne Glycol (MEG) will be used to manufacture Loop™ branded
PET resin. The Loop™ branded PET resin is anticipated to be commercially
available in Q1 2019.

Additionally, the Company has sourced several streams of waste
PET/polyester plastic feedstocks as well as identified potential
customers who have indicated that they will purchase the production from
this new facility.

Daniel Solomita, Loop Industries’ Founder and CEO, commented, “Over the
past 18 months we have successfully operated our pilot plant and in the
process, we were able to significantly improve and optimize our patented
depolymerization process. The acquisition of this site and the building
of our first commercial scale plant is a tremendous first step towards
the expansion of Loop Industries’ technology. Our goal is to provide
Loop™ branded PET resin to sustainability-committed consumer goods
companies focused on improving the environmental impact of PET plastic
packaging. Loop’s technology permits for low quality PET/Polyester
feedstocks such as polyester fibers, colored PET plastics and opaque PET
plastics to be upcycled into high value chemicals. Loop’s technology is
poised to accelerate the world’s shift towards a sustainable, circular
economy that decouples PET plastic and polyester fiber from fossil
fuels.”

About Loop Industries:

Loop Industries’ technology allows for low value Polyester/PET plastic
to be upcycled into high value resin. Our disruptive depolymerization
technology manufactures Purified Terephthalic Acid (PTA) and Mono
Ethelyne Glycol (MEG) from waste Polyester/PET feedstocks.

Forward-Looking Statements

This news release contains "forward-looking statements." Such statements
may be preceded by the words "intends," "may," "will," "plans,"
"expects," "anticipates," "projects," "predicts," "estimates," "aims,"
"believes," "hopes," "potential" or similar words. Forward-looking
statements are not guarantees of future performance, are based on
certain assumptions and are subject to various known and unknown risks
and uncertainties, many of which are beyond Loop's control, and cannot
be predicted or quantified and consequently, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Such risks and uncertainties include, without limitation,
risks and uncertainties associated with (i) commercialization of our
technology, (ii) development and protection of our intellectual
property, (iii) unexpected industry competition, (iv) the need to raise
capital to meet business requirements, (v) our manufacturing facility,
and (vi) and our ability to sell our products in order to generate
revenues. More detailed information about Loop and the risk factors that
may affect the realization of forward looking statements is set forth in
our filings with the Securities and Exchange Commission (SEC). Investors
and security holders are urged to read these documents free of charge on
the SEC's web site at http://www.sec.gov.
Loop assumes no obligation to publicly update or revise its
forward-looking statements as a result of new information, future events
or otherwise.