Brief: S.Korea's SK Geo Centric to become equal partner in Loop Industries/Suez France facility

Loop Industries

16/06/2022 22:00

PARIS, June 16 (Reuters) - Loop Industries/Suez/SK Geo
Centric:
    
    * SK Geo Centric will become an equal partner in the
previously announced partnership between Loop and SUEZ, which
was formed to build the first Infinite Loop Europe manufacturing
facility, which is based in France.  urn:newsml:reuters.com:*:nP6N2SF00B
    * The expanded partnership will combine SK Geo Centric's
petrochemical manufacturing experience with SUEZ’s resource
management expertise and Loop’s breakthrough proprietary
technology to supply 70,000 M/T of virgin quality, 100%
recycled, polyethylene terephthalate plastic and polyester fiber
to the European market, said the companies.
    * "This collaboration will be the first step for SK Geo
Centric to move beyond Asia to be a global eco-friendly chemical
company," said SK Geo Centric CEO Na, Kyung-soo.
    * "The joint project will enlarge our long-standing offering
in mechanical plastic recycling to chemical recycling, thus
increasing the options for sustainable treatment of plastic,"
added SUEZ executive Maximilien Pellegrini.
 
 



 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))