Loop Industries, Inc. along with SUEZ, and SK Geo Centric announced that SKGC will become an equal partner in the previously announced partnership between Loop and SUEZ, which was formed to build the first Infinite Loop manufacturing facility in Europe. The expanded partnership will combine SKGC'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, PET plastic and polyester fiber to the European market. The Infinite Loop facility will offer a solution to consumer goods companies which have committed to goals for significantly increased use of recycled content in their products and/or packaging and help to meet the growing demand for recycled PET resin and polyester fiber.

Through the collective expertise of SKGC and SUEZ, together with Loop's technology, the Infinite Loop facility could save over 255,000 tons of CO2 every year, compared with virgin PET made from a traditional petrochemical process. The three companies are reevaluating the optimal location for the European facility. The project is projected to break ground in 2023 in order to support the 2025 goals for recycled content as publicly stated by European consumer brands.