secwatch.observer — SEC 8-K summary
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Issuer:     Loop Industries, Inc. (LOOP)
CIK:        0001504678
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001654954-22-008492
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422008492/0001654954-22-008492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504678/000165495422008492/loop_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-008492

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer