SK global chemical to acquire 10% stake in Loop Industries and form joint venture

SK global chemical will acquire a 10% equity stake in Loop Industries for $56.5 million and form a joint venture to build Infinite Loop facilities in Asia. SKGC will own 51% of the JV, with Loop holding 49%. The JV aims to construct four facilities by 2030.

“SK global chemical to Acquire 10 Percent Equity Stake in Loop Industries, Companies Announce Strategic Partnership to Bring Sustainable and Circular Plastics to Asian Market”stocktitan.net

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• stocktitan.netSK global chemical to Acquire 10 Percent Equity Stake in Loop Industries, Companies Announce Strategic Partnership to Bring Sustainable and Circular Plastics to Asian Market | LOOP Stock NewsLoop Industries, Inc.Jun 23, 2021

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