SK Global Chemical closes $56.5M equity deal with Loop Industries for Asian joint venture

SK Global Chemical closed a $56.5 million purchase of new treasury common shares of Loop Industries at $12 per share, as part of a strategic partnership to build a minimum of four PET recycling facilities in Asia by 2030, starting with a facility in Ulsan, South Korea.

“The joint venture intends to build a minimum of four facilities by 2030.”loopindustries.com

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• loopindustries.comLoop Industries - Loop Industries And SK Global Chemical Close $56.5m Strategic Equity Deal, Provide Further Update On Asian Joint Venture To Manufacture 100% Recycled Pet PlasticBenoit MarchalAug 2, 2021

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