# Loop Industries and Ester Industries form JV for recycled polymer plant in India

Loop Industries and Ester Industries announced a 50/50 joint venture to build a manufacturing facility in India producing 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually, with a US$165 million investment.

- Type: Partnership
- Announced: 2024-05-05
- Where: India, India
- Value: $165.0M
- Status: announced
- Capacity: 70,000 tonnes rDMT and 23,000 tonnes rMEG annually
- 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

- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/loop-and-ester-industries-partner-for-sustainable-polymer-production-in-india/), 2024-05-05: "This partnership reinforces our dedication to advancing sustainable solutions in the polymer industry."

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