# SK Global Chemical and Loop Industries form joint venture for Asian PET facilities

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.

- Type: Partnership
- Announced: 2021-07-26
- Where: South Korea, South Korea
- Status: announced
- Capacity: 400,000 tons of waste PET plastic and polyester fibre per year (for four facilities)
- Products: sustainable PET plastic, polyester fibre
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Loop Industries](https://endata.com/companies/4019.md) (partner)
- [SK Global Chemical Co.](https://endata.com/companies/21935.md) (partner)

## Sources

- [recyclingproductnews.com](https://www.recyclingproductnews.com/article/36953/sk-global-chemical-partners-with-loop-to-bring-sustainable-and-circular-plastics-to-asian-market), 2021-07-26: "Loop and SKGC intend to form a joint venture with exclusivity to build sustainable PET plastic and polyester fibre manufacturing facilities throughout Asia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.