Joint Venture18 Sept 2025, 12:48 pm
Ester Loop Infinite Technologies Pvt. Ltd. to Supply Sustainable Materials to Global Markets
AI Summary
Ester Loop Infinite Technologies Pvt. Ltd. (ELITe), a 50:50 joint venture between Ester Industries Limited and Loop Industries of Canada, announced that its upcoming Infinite Loop™ manufacturing facility in Gujarat will supply products under agreements to Italy’s Taro Plast S.p.A. Loop Industries and South Korea’s Hyosung TNC have also entered into a strategic alliance to support shift by global brands to circular polyester. The Gujarat plant, scheduled to commence operations in end 2027, will position India as a key hub for delivering high-performance chemically recycled polyester solutions for international markets.
Key Highlights
- ELITe to supply products to Taro Plast S.p.A under an offtake agreement
- Loop Industries and Hyosung TNC entered into a strategic alliance for circular polyester
- ELITe's Gujarat plant to supply 100% recycled DMT to Taro Plast
- Hyosung TNC to convert ELITe's high-performance yarns into high-performance yarns under its Regen™ portfolio
- ELITe's Gujarat plant to position India as a key hub for delivering high-performance chemically recycled polyester solutions for international markets