KOREA TN
16 January 2025

Loop terminates Korean deal

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By Abigail Turner

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Quebec-based Loop Industries has terminated its agreement with a subsidiary of the Korean chemical company SK Group to deploy Loop’s technology in Asia.

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Loop, an operator in the chemical recycling space, announced the termination of the agreement as part of its Third Quarter Fiscal 2025 Results on 14 January. The partnership would have seen several new manufacturing facilities built in Asia to facilitate Loop technology.

In the investor update Loop said it had 

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