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SK Global Chemical and Loop Industries intend to form a joint venture to build sustainable PET plastic and polyester fibre manufacturing facilities in Asia, with a first facility in South Korea planned for 2022. SKGC will also make a strategic equity investment in Loop.
“Loop and SKGC intend to form a joint venture with exclusivity to build sustainable PET plastic and polyester fibre manufacturing facilities throughout Asia.”recyclingproductnews.com
Summarized from public sources; check the original articles before acting on it.