# 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.

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

## Companies

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

## Sources

- [acnnewswire.com](https://acnnewswire.com/press-release/english/90608/loop-industries-and-ester-industries-ltd.-announce-joint-venture-agreement-to-build-an-infinite-loop(tm)-manufacturing-facility-in-india), 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.