Loop Industries and Ester Industries Ltd. to Establish New Manufacturing Facility in India

Loop Industries, Inc., in partnership with Ester Industries Ltd., has announced the formation of a joint venture to build a new manufacturing facility in India. The facility, which is expected to be operational by early 2027, will produce recycled dimethyl terephthalate (rDMT), recycled mono-ethylene glycol (rMEG), and specialty polymers. This venture leverages Loop's Infinite Loop™ technology, aimed at significantly reducing the carbon footprint associated with these products.

The project targets the undersupplied market for DMT and MEG, estimated to be worth US$28 billion. It is forecasted to benefit from favorable industry pricing and a low-cost operating environment, with a total capital investment of approximately US$165 million. The facility plans to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually, which Ester will convert into various grades of specialty polymers.

Construction of the Infinite Loop™ India facility is scheduled to commence by the end of this year, with completion slated for the end of 2026. The facility is expected to create a new supply of low-carbon specialty chemicals, meeting increasing demand in multiple industries, such as electronics, automotive, and packaging, due to its sustainable production processes.