• Breaking ground of the new facility targeted for 2025 with commissioning expected in 2027
• Facility to manufacture 100% recycled and infinitely recyclable virgin-quality PET resin
• Projected savings of over 255,000 tonnes of CO2 annually compared to virgin pet resin made from fossil fuels1
Montreal (Canada) & Paris (France) & Seoul (South Korea) – SUEZ, a global leader in circular solutions in water and waste, Loop Industries, Inc. (Nasdaq: LOOP) (“Loop”), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, and SK Geo Centric (“SKGC”), subsidiary of South Korean group SK, today announced that the Chemesis industrial platform in Saint-Avold, located in the Grand Est region of France, has been selected as the site for their planned manufacturing facility in Europe.