Loop Industries technology validated by SK Geo Centric; first Asian facility to break ground in 2023

Loop Industries, Inc.

SKGC completed technical due diligence validating Loop's production yields, operational stability, monomer quality, and overall performance at Quebec facility.
PET resin and polyester fiber produced using Loop's technology confirmed as virgin-quality.
First Asian Infinite Loop manufacturing facility in Ulsan, South Korea anticipated to break ground later in 2023.
Definitive joint venture agreement between Loop and SKGC currently being finalized.
SKGC acquired 10% equity stake in Loop in August 2021; partnership advances commercialization in Asia.

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