Joint VentureMay 27, 2026, 04:37 PM
Loop Industries Advances Global Commercialization with New Facilities
AI Summary
Loop Industries is significantly advancing its global commercialization strategy for its Infinite Loop™ technology through strategic partnerships and facility developments. The company has formed a 50/50 joint venture with Ester Industries Ltd. in India to build a 70,000 tons/year manufacturing facility, projected to be operational by 2028 with an estimated investment of $165-$170 million. Additionally, Loop licensed its technology to Reed Societe Generale Group for a European facility, with the first site selected in Schwarzheide, Germany, targeting 70,000 metric tons/year by 2030.
Key Highlights
- Formed a 50/50 India joint venture with Ester Industries for a new manufacturing facility.
- India facility planned for 70,000 tons/year of Loop™ PET resin and polyester fiber.
- India facility expected to be operational in calendar 2028 with a budget of $165-$170 million.
- Licensed technology to Reed Societe Generale Group for one European facility for an initial $10.4 million.
- Selected BASF Industriepark Lausitz in Germany for the inaugural European facility.
- European facility targeting 70,000 metric tons/year, expected operational by 2030.
- Terrebonne, Québec facility has successfully operated for five years, demonstrating technology.
Price Impact
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