# DEG and IFU provide loans for Polygenta PET recycling expansion in India

DEG and IFU are providing loans totaling USD 32.5 million to Polygenta Technologies Ltd. for the construction of two new production lines at its site in Nashik, Maharashtra, India. The expansion will increase recycling capacity to process over 200 tonnes of PET plastic waste per day and create around 400 new jobs.

- Type: Expansion
- Announced: 2022-04-01
- Where: Nashik, Maharashtra, India
- Value: $16.3M
- Jobs: 400
- Status: announced
- Capacity: over 200 tonnes of PET plastic waste per day
- Products: rPET chips, sustainable textile filament yarns
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Polygenta Technologies Ltd.](https://endata.com/companies/62022.md)
- [DEG](https://endata.com/companies/420.md) (investor)
- [IFU](https://endata.com/companies/30486.md) (investor)
- [perPETual Technologies GmbH](https://endata.com/companies/62023.md) (partner)

## Sources

- [deginvest.de](https://www.deginvest.de/Newsroom/News/Pressemitteilungen-Details_701824-2.html), 2022-04-01: "By expanding production, the company is also creating around 400 new jobs."
- [revalyu.com](https://www.revalyu.com/uncategorized/deg-finances-pet-recycling-expansion-in-india/), 2022-04-01: "By expanding production, the company is also creating around 400 new jobs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.