4. Inventories

Inventories as at February 28, 2023 and February 28, 2022 were as follows:

As at February 28, 2023, inventories included work in process, finished goods and raw materials. Work in process inventories consist of monomers (dimethyl terephthalate and monoethylene glycol), either purified or yet to be purified, resulting from the depolymerization of PET feedstock. These monomers shall be polymerized into Loop^™ PET resin in the future. The finished goods inventories consist of bottle grade and fiber grade Loop^™ PET resin which is intended to be sold to customers. The raw materials inventories consist of chemicals which are used as inputs in the PET depolymerization process.