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

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

“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.”acnnewswire.com

• 1 source
• acnnewswire.comLoop Industries and Ester Industries Ltd. Announce Joint Venture Agreement to Build an Infinite Loop(TM) Manufacturing Facility in IndiaMay 2, 2024

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