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The notice did not mention recent reports calling Loop Industries’ advanced recycling technology a "fiction" as a reason for the termination, but it certainly didn’t inspire Coca-Cola’s confidence in the project.
“By designating plastics as ‘toxic,’ the Canadian government is recklessly making policy that could have significant negative impacts on human health,” said Plastics Industry Association President and CEO Tony Radoszewski.
The recent ruling by the World Trade Organization (WTO) against US tariffs on imports from China is “misguided, biased against the US, and inconsistent with China’s WTO obligations,” said the American Mold Builders Association.
The most litigated issue in employment contracts is the legality of so-called "restrictive covenant" provisions, such as a noncompete clause that bars an ex-employee from going to work for a competitor.
Located in Europe, the site will be the largest PET recycling facility in the world, with the potential to produce the equivalent of approximately 4.2 billion food-grade beverage bottles from 100% recycled and infinitely recyclable PET annually.