Ester Industries' Joint Venture ELITe Awards Detailed Engineering Contract to Toyo for Infinite Loop India

Ester Industries' joint venture with Loop Industries, ELITe, has awarded the detailed engineering contract for its Infinite Loop India project to Toyo Engineering India Private Limited. This step follows the successful completion of front-end engineering design (FEED) by Tata Consulting Engineers. The Infinite Loop™ India manufacturing facility, with an annual production capacity of 70,000 metric tonnes of PET resin, is strategically positioned to address demand in the packaging and textile sectors. The project is maintaining its anticipated construction timeline, with completion projected for end of 2027. The joint venture recently announced a multi-year offtake agreement signed with Nike, which is positioned as the facility’s anchor customer. Project economics remain strong and confirm prudent capital discipline; specifically, realized savings of USD 5 million from land acquisition efforts ensure the facility is trending on budget.