# SK global chemical invests $56.5 million in Loop Industries

SK global chemical completed a $56.5 million purchase of new treasury common shares of Loop Industries at $12 per share, acquiring a 10% stake. The investment was announced on June 23, 2021 and closed on August 2, 2021.

- Type: Investment
- Announced: 2021-08-02
- Where: Canada
- Value: $56.5M
- Status: completed
- Products: recycled PET plastic, polyester fiber
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/loop-industries-provides-business-update-and-reports-second-quarter-financial-results), 2021-10-15: "Loop announced the closing of a $56.5 million purchase of new treasury common shares of Loop Industries by SK global chemical at $12 per share."

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