to Good QX Industries. Loop I'd morning, today Conference of us the everyone. Industries' and Thank a you. Founder of like welcome you at Call. warm Solomita, Loop all for joining extend CEO I'm Daniel to
their as project and are project Ulsan, Asia SK Chemical centric. on in Global the excited is They Excuse geo to updates with planned, name on partnership coming as in We're in or our first recently.
The our budget costs Korea our changed in well. share South schedule, on SK commercialization me.
on later most X together as this year, Teams all project packages in the had on that's to construction. of So for the preparation are engineering important previously factors. working announced. finalizing the ground we scheduled on break We're the
SK's construction.
On of supply working -- all packages all packages needed side, equipment is the project. ecoengineering in-house all finalizing EPC engineering contractor, SK to who of of equipment hired the in-house we're the Loop's Ulsan suppliers the leading we've So and be proprietary who our for with will
spending that we're the long-lead capital on begun equipment, equipment. we've some and for time ordering fees engineering So some additional
So year. scheduled planned, ground breaking is as the for of as end this
So that's is polyester Ulsan an so Asian the all-time demand recycle project The to really for fiber for good polyester ability our first really market. to is Asian at for to high. recycling fiber the important project.
Customer fiber, fiber
in supply for the Asia. of polyester chain is fiber All
today, and of all the and most big So made companies, fast-fashion clothing running Asia. in textile everything are of shoes our
So with tremendous our companies. the for it's technology fast-fashion really of able the with complete driven fully demand to all only the opportunity us and industry. technology textile That's a circularity be textile large the for to
demand extremely have high, been and So throughout we that is have us always years. then with customers our stable the
in for All the of are facility customers buying from manufacturing Terrebonne. our today Ulsan
be So, and technology very recycled recycle material quality today. ability familiar the Loop's they're familiar cannot the with of our with output that of very to technology, our
So that's really important.
are -- SKGC's strong a working and So strong very, all demand.
Loop customer on teams aspects. very together
So Ulsan the coming for be of from expect feedstock we to waste the sourcing, which facility majority textile. feedstock
people a in industry. key for over that's us differentiator other So the recycling
the cannot customer engineering your So and Then you and that's side that have today. construction. a recycled material be of all
LOI as facility our their shoe moving Swiss we the well, So the first On shoes. for with signed company, Cloud QX well.
In project really is makes Ulsan shoes,
to them. go fiber for us ability industry deliver for And the all wants. is really clothing to that's again, fiber the textile So able of what to and we're that
Terrebonne. and partnership, a facility many with customer of shoes They've been years. was really been in our On a working interesting that here So we've for
well. really the as far moving project is the As French project, French
lot have demand partnerships obviously, France with L'Oreal, Danone, We customer L'Occitane. our in companies through a like large of,
French behind very really supportive they'd the they're project and waste coming all they're project, all French of So like because their France the into the packaging. from
partnerships. SKGC That's and SUEZ our Loop
a area customers; So of in and X-company brings the waste technology the piece. the plastic; Each SKGC, Loop, SUEZ, their and partnership. construction expertise: company and engineering it's
So Na CEOs, French from Mr. recently in myself, France. SUEZ, government with Sabrina and from all were X SK Soussan the
get month the the French President Est full the have We they offices Grand of what Leroy, for ] them, about was dedication We to Loop's ability these really were hosted to and at logo product. support excited the customers. and packaging to who's Being technology, extremely to with something and our of of to saw, impressed shows project. customers a very it the co-brand government on able the our was that ago. unique for They co-market [ impressive region, by Franck really our the
been Fady execute the reduction to but working continue well. our little We numbers more, into get will at have our cost office head very here. bit efforts a
with the in repaying venture been a of cautious we're our something protecting certain expenses. on breaking that year, facility this job we of that's very doing ground later will When us and good the So we've be start Ulsan really that. cash, joint the
go in So can that we've it with which the charging more already reimbursed the started to at depth end he you. pass year.
With project, so over numbers of expenses that, through be will to I'll Fady
