4. Inventories

Inventories as at August 31, 2023 and February 28, 2023 were as follows:

As at August 31 and February 28, 2023, inventories included finished goods, work in process and raw materials. Finished goods inventories consist of bottle grade and fiber grade Loop^™ PET resin which is intended to be sold to customers. 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. Raw materials inventories consist of chemicals which are used as inputs in the PET depolymerization process.