SK Geo Centric joins Loop and SUEZ as equal partner in European Infinite Loop facility

Loop Industries, Inc.

SK Geo Centric becomes equal partner in joint venture with Loop and SUEZ for first European Infinite Loop™ facility.
Facility to produce 70,000 M/T annually of 100% recycled PET plastic and polyester fiber.
Projected groundbreaking in 2023, targeting 2025 goals for recycled content by European consumer brands.
Expected to save over 255,000 tons of CO2 per year compared to virgin PET production.
SKGC also plans to co-invest in Infinite Loop™ plants in Asia, per CEO statement.

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