Item 8.01. Other Events.
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Loop commissioned Kemitek to validate Loop's technology, which turns waste PET plastic and polyester fiber feedstocks into its primary building blocks, or monomers: dimethyl terephthalate ("DMT") and monoethylene glycol ("MEG"), which meet established purity criteria for producing virgin-quality PET.
The report concludes that the quality of the primary PET plastic building blocks meets Loop's specifications for the production of PET resin and polyester fiber.
A copy of the Company's press release is attached hereto as Exhibit 99.1.
The foregoing summary is qualified in its entirety by reference to a copy of the report, which is filed herewith as Exhibit 99.2.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 99.1 Press Release, datedDecember 14, 2020 99.2 Kemitek Report, datedDecember 10, 2020
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