Loop Industries and SK Geo Centric form JV to deploy depolymerization tech in Asia

Loop Industries, Inc.

SKGC owns 51%, Loop 49% of venture headquartered in Singapore.
First plant in Ulsan, S. Korea: 70k metric tons/yr capacity, groundbreaking 2023, completion by end 2025.
Venture gets exclusive rights to Loop's technology in Asia for prescribed period; Loop receives annual royalty per plant.
Plans target at least three additional commercial facilities in Asia by 2030.
SKGC gets right of first refusal for any Loop manufacturing facilities in US/Canada during exclusivity period.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Loop Industries, Inc. entered into Agreement with SK Geo Centric Co., Ltd (effective 2023-04-27).

Action: entry
Counterparty: SK Geo Centric Co., Ltd
Effective: 2023-04-27

Exact text from the filing

On April 27, 2023, Loop Industries, Inc. (the “Company” or “Loop”) entered into an agreement (the “Agreement”) by and between the Company and SK Geo Centric Co., Ltd (“SKGC”).

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23 material agreements filed in the last 30 days. Browse all material agreements →

Loop Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-005554

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