# Loop Industries and Ester Industries form joint venture for India recycling facility

Loop Industries and Ester Industries Ltd. formed a 50/50 joint venture to build an Infinite Loop manufacturing facility in India, producing rDMT, rMEG and specialty polymers from waste polyesters, with a total capital investment of approximately US$165 million. Construction is expected to complete at the end of 2026 with commercial operations in early 2027.

- Type: Partnership
- Announced: 2024-05-02
- Where: India, India
- Value: $165.0M
- Status: announced
- Products: recycled dimethyl terephthalate, recycled mono-ethylene glycol, specialty polymers
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Loop Industries](https://endata.com/companies/4019.md) (partner)
- [Ester Industries](https://endata.com/companies/13820.md) (partner)

## Sources

- [acnnewswire.com](https://www.acnnewswire.com/press-release/english/90608/), 2024-05-02: "Loop Industries, Inc. today concluded an agreement with Ester Industries Ltd. to form a 50/50 India joint venture to build and operate an Infinite Loop India manufacturing facility"

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