Brief: Loop Industries And SK Geo Centric Sign Joint Venture Agreement To Commercialize Loop's Technology In Asian Market

Loop Industries

02/05/2023 13:56

May 2 (Reuters) - Loop Industries Inc  LOOP.O :
    * LOOP INDUSTRIES AND SK GEO CENTRIC SIGN JOINT VENTURE
AGREEMENT
TO COMMERCIALIZE LOOP’S TECHNOLOGY IN ASIAN MARKET
    * LOOP INDUSTRIES - SKGC WILL OWN 51% OF VENTURE, WHICH WILL
BE
HEADQUARTERED IN SINGAPORE, LOOP WILL HAVE REMAINING 49%
OWNERSHIP
    * LOOP INDUSTRIES - UNDER JVA, VENTURE WILL HAVE EXCLUSIVE
RIGHTS
TO COMMERCIALIZE LOOP’S TECHNOLOGY IN ASIAN MARKET FOR A
PRESCRIBED PERIOD

Source: [ID: https://bit.ly/3LKkriu]
Further company coverage:  LOOP.O 

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