Loop industries and sk global chemical close $56.5m strategic equity deal, provide further update on asian joint venture to manufacture 100% recycled pet plastic

$56.5 m purchase of new treasury common shares of loop industries at $12 per share, pursuant to the agreement announced by the two companies on june 23, 2021 joint venture to begin planning phase for first infinite loop™ facility in ulsan, south korea, with a minimum of four manufacturing facilities planned by 2030 mr. jonghyuk lee appointed to loop's board of directors montreal, qc / accesswire / august 2, 2021 / loop industries (nasdaq:loop) ("loop" or "the company"), a leading innovator in clean technology whose mission is to accelerate a circular plastics economy and sk global chemical co. ltd.
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