SK Global Chemical to acquire a 10% stake in Loop Industries for $56m.

SK Global Chemical, a chemical company, agreed to acquire a 10% stake in Loop Industries, a waste disposal and management company, for $56m. “We are delighted to form a strategic partnership with SK global chemical. 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," Daniel Solomita, Loop Industries Founder and CEO.