Suez: SKGC joins joint venture with Loop


Suez announced yesterday that SK Geo Centric, a subsidiary of the South Korean group SK, one of the largest Asian conglomerates, will join the joint venture already formed with Loop as an equal partner, in order to build the first plant production of 100% recycled and recyclable plastic l’infini, Infinite Loop, in Europe.

‘This expanded collaboration will leverage SKGC’s experience in the petrochemical industry, SUEZ’s expertise in resource management as well as Loop’s proprietary and groundbreaking technology to provide the European market with 70 000 M/T of PET plastic and polyester fiber of virgin quality, 100% recycled”, indicates Suez.

The Infinite Loop plant will offer solutions to consumer goods companies that are committed to increasing their use of recycled materials and will also be able to meet the growing demand for recycled PET resin and polyester fiber.

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