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PRESS RELEASE : Loop Industries: SK global chemical to Acquire 10 Percent Equity Stake in Loop Industries, Companies Announce Strategic Partnership to Bring Sustainable and Circular Plastics to Asian Market

06/23/2021 | 05:01am EDT
DGAP-News: Loop Industries / Key word(s): Miscellaneous 
Loop Industries: SK global chemical to Acquire 10 Percent Equity Stake in Loop Industries, Companies Announce Strategic 
Partnership to Bring Sustainable and Circular Plastics to Asian Market 
2021-06-23 / 11:00 
The issuer is solely responsible for the content of this announcement. 
SK global chemical to Acquire 10 Percent Equity Stake in Loop Industries, Companies Announce Strategic Partnership to 
Bring Sustainable and Circular Plastics to Asian Market 
- Memorandum of Understanding outlining terms of Joint Venture to build Infinite Loop(TM) facilities in Asia 
- Equity investment of USD56.5 million will be used by Loop towards funding its planned Canadian Infinite Loop(TM) 
facility in Bécancour, Québec 
- SK global chemical to become second largest shareholder 
- Loop Industries to hold corporate update call at 11:30am Eastern Time today 
Montréal (Canada)/ ACCESSWIRE/ June 23, 2021 / Loop Industries (NASDAQ:LOOP) ("Loop" or "The Company"), a leading 
innovator in clean technology whose mission is to accelerate a sustainable plastics economy, today announced that it 
intends to form a strategic partnership with SK global chemical Co. Ltd. ("SKGC"), a subsidiary of South Korea's SK 
Group, one of Asia's largest conglomerates, to accelerate the commercialization of Loop's sustainable polyethylene 
terephthalate ("PET") plastic and polyester fiber manufacturing technology throughout Asia. 
Loop's patented technology allows for waste PET plastic and polyester fiber to be upcycled into virgin-quality PET 
using low heat and no added pressure. This low energy process allows Loop to eliminate contaminants, such as dyes, 
additives, and other impurities, preventing otherwise unrecyclable materials like colored and contaminated plastics or 
textiles from ending up in landfills and natural areas. 
Joint Venture Partnership 
Loop and SKGC intend to form a joint venture with exclusivity to build sustainable PET plastic and polyester fiber 
manufacturing facilities throughout Asia, which accounts for approximately 60 percent of the world's population, making 
it a key market in terms of plastic manufacturing, consumption and waste. Under the terms of the Memorandum of 
Understanding ("MOU") for the proposed joint venture, SK global chemical will own 51 percent of the joint venture and 
Loop will own 49 percent. Loop will also receive a recurring annual royalty fee as a percentage of revenue from each 
facility for the use of its technology. 
SKGC has today issued a separate press release discussing Loop's technology and SKGC's objectives for the Joint 
Venture. As stated in SKCG's press release, initial discussions between the partners contemplate beginning preparation 
on a first facility located in South Korea in the first half of 2022 and the construction of four facilities in Asia by 
2030, with projected combined consumption of waste PET plastic and polyester fiber amounting to approximately 400,000 
Once fully operational, these four facilities could claim an annual savings of 632,100 metric tons of CO[2], which is 
the equivalent of more than 2.5 billion kilometers driven by an average passenger vehicle or 270 million liters of 
gasoline consumed.^[1] 
Strategic Equity Investment 
In addition, Loop and SKGC have concluded a definitive agreement for SKGC to become a strategic investor in Loop. SKGC 
will purchase 4,714,813 new treasury common shares of Loop at a price of USD12 per share, for total consideration of 
USD56.5 million. Loop intends to use these proceeds toward the funding of its planned Infinite Loop(TM) manufacturing 
facility at its recently acquired site in Bécancour, Québec. 
SKGC is also being granted options to acquire an additional 461,298 common shares at USD11 per share within the next 12 
months, 4,714,813 common shares at a price of USD15 per share, within the next 3 years, and a further 2,357,407 shares at 
USD20 per share, conditional upon the timing of construction of the first Asian manufacturing facility. SKGC is being 
granted a seat on Loop's Board of Directors and as such is expected to provide valued input into the continuing 
development of Loop's global commercialization strategy. 
Closing of the strategic equity investment is as soon as practical and no later than 90 days from announcement. 
Management Commentary 
"We are delighted to form a strategic partnership with SK global chemical," said Daniel Solomita, Founder and CEO of 
Loop Industries. "SK global chemical is an ideal strategic partner to accelerate the growth of our company and the 
global commercialization of our technology. Its scale and sophistication, its global chemicals manufacturing footprint 
and a shared vision to create value through sustainability and innovation make them a valued partner in our journey to 
bring our technology to market." 
"Our team has been extremely impressed by the thoroughness and extent of SKGC's technical due diligence on Loop, which 
it has conducted over the past several months, including a recent on-site verification of Loop's technology at our 
demonstration facility," he added. "We are excited to collaborate with SKGC to commercialize our technology and play a 
meaningful role together to mitigate the environmental impact of global plastic waste and help consumer brands meet 
their stated goals for achieving high rates of recycled content in their products." 
SK global chemical's CEO, Kyung Soo Na said: "We look forward to collaborating closely with the acclaimed company, 
Loop, which has great technology competencies in correlation to the plastics recycling category. Furthermore, it is our 
sincere intention to further expand and add value in the APAC region together with Loop backed by its Chemical 
Recycling technology that will work towards realizing a Plastic Circular Economy." 
Corporate Update Call 
Daniel Solomita, Chief Executive Officer of Loop Industries, will host a corporate update call, followed by a 
question-and-answer session, which can be accessed via the dial-in numbers below. 
To access the call, please use the following information: 
Date:                  Wednesday, June 23, 2021 
Time:                  11:30 a.m. Eastern time 
Dial-in:               1-877-407-9716 
International Dial-in: 1-201-493-6779 
Conference Code:       13720718 
Webcast:               http://public.viavid.com/index.php?id=145340 

A telephone replay will be available approximately three hours after the call and will run through July 23, 2021 by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 13720718. The replay can also be viewed through the webcast link above. About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop(TM) branded PET resin and polyester fiber suitable for use in food-grade packaging, thus enabling our customers to meet their sustainability objectives. Loop Industries is contributing to the global movement towards a circular economy by preventing plastic waste and recovering waste plastic for a more sustainable future for all.

Common shares of Loop Industries are listed on the Nasdaq Global Market under the symbol "LOOP."

For more information, please visit www.loopindustries.com. Follow us on Twitter: @loopindustries Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

About SK global chemical In 1972, SK global chemical laid the foundation for the development of petrochemical industry by operating the first naphtha-cracking facility in Korea. We provide various automotive & packaging products and solutions that customers and markets require. Furthermore we are growing into a technology-based global chemical company through continuous R&D efforts and global expansion.

SK global chemical will achieve its vision, 'Green for Better Life', by establishing a plastics based circular economy by collaborating with various partners and stakeholders. We will expand our portfolio of eco-friendly products and will continuously recycle beyond the amount of plastics that we produce in order to realize and leverage the sustainability efforts that will benefit our planet.

For more information, please visit www.skglobalchemical.com.

Forward-Looking Statements This news release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "should," "could," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or "continute" the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, ability to improve and expand our capabilities, competition, expected activities and expenditures as we pursue our business plan, the adequacy of our available cash resources, regulatory compliance, plans for future growth and future operations, the size of our addressable market, market trends, and the effectiveness of the Company's internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently,

(MORE TO FOLLOW) Dow Jones Newswires

June 23, 2021 05:00 ET (09:00 GMT)

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Financials (USD)
Sales 2022 - - -
Net income 2022 -44,1 M - -
Net Debt 2022 - - -
P/E ratio 2022 -10,2x
Yield 2022 -
Capitalization 445 M 445 M -
Capi. / Sales 2022 -
Capi. / Sales 2023 -
Nbr of Employees 74
Free-Float 45,7%
Duration : Period :
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Technical analysis trends LOOP INDUSTRIES, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 10,48 $
Average target price 16,00 $
Spread / Average Target 52,7%
EPS Revisions
Managers and Directors
Daniel Solomita Chairman, President & Chief Executive Officer
Thomas Andrew Hickey Chief Financial & Accounting Officer
Stephen Champagne Chief Technology Officer
Karine Tessier Vice President-Research & Development
Jay Stubina Independent Director
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