Loop Industries Announces Signed Letter of Intent With On AG to Secure Volumes From Planned Infinite Loop(TM) Manufacturing Facility in Ulsan, South Korea
Monday, May 15, 2023
The Ulsan manufacturing facility is anticipated to break ground by end of this year.
- The Ulsan manufacturing facility is anticipated to break ground by end of this year.
- We are happy to see that Loop is bringing their technology to commercial scale," said Ilmarin Heitz, Head of Innovation at On.
- In addition to low value PET plastic waste, Loop also utilizes polyester fiber waste as feedstock in its process.
- The partnership between Loop Industries and On showcases how brands can transition to a sustainable, environmentally friendly solution where materials can be recycled infinitely.