Infinite Loop Europe invests in construction of PET recycling plant at BASF site in Schwarzheide, Germany
Reed – Societe Generale Group, the majority stakeholder of Infinite Loop Europe, announces the selection of the BASF Schwarzheide site in Germany for the development of the first European recycling facility operated by Infinite Loop Europe. This marks a milestone in the company’s ambition to build a large scale PET & polyester fibres recycling facility in Europe. The site operator is BASF InfraService & Solutions Lausitz GmbH.
The facility will benefit from BASF’s integrated industrial infrastructure and service portfolio on site. The Infinite Loop Europe’s plant will recycle both post-consumer PET and polyester fibres, and produce virgin-equivalent quality recycled material suitable for demanding applications such as textiles (for instance white curtains) and food-grade and pharma-grade packaging. The recycled material will be available at a competitive price, says the company.
The facility will be built using Loop Industries’ proven depolymerisation technology, which has been successfully demonstrated at the company’s Terrebonne plant in Canada. The Germany-based plant is expected to produce 70,000t/a of recycled material and to create 150 direct skilled jobs on site, with launch targeted for 2030. Infinite Loop Europe invests a triple digit million amount in this recycling facility.
The facility is intended to recycle post-consumer no or low-value waste that is currently incinerated or landfilled while delivering environmental benefits. According to the company, the process avoids up to 5t of CO₂ emissions for every ton of recycled PET, while directly supporting the transition from fossil-based feedstocks for the European chemical industry. The project is regarded as an important step towards a European circular economy. The development of the project is supported by Reed – Societe Generale Group, through its Reed Circular Economy platform, dedicated to accelerating the deployment of large-scale innovative technology for Europe circular infrastructure.
This takes place in a context where the European Commission acts to support the PET recycling industry. In December 2025, the European Commission announced a set of new pilot actions aimed at creating common EU-wide rules for the plastics recycling, forming part of a series of measures to revitalise the plastics recycling sector.
“This project is a powerful illustration of Reed – Societe Generale Group differentiated “build-to-core” positioning in financing the next generation of European infrastructure,” said Julien Touati, founder and CEO of Reed – Societe Generale Group, and Antoine Boussard, CEO of Infinite Loop Europe. “By forming coalitions with a strong site operator such as BASF InfraService & Solutions Lausitz GmbH, innovative scale-up companies such as Loop Industries, recycling platforms such as Der Grüne Punkt and brands, we progressively de-risk and deliver the critical infrastructure projects Europe needs. We are truly excited to reach this important milestone on our path to recycle material that is currently not recycled, at scale, and contribute to the long industrial legacy of Schwarzheide site.”
“We are extremely pleased that Infinite Loop Europe has chosen our site. This investment sends a strong signal and fits perfectly into the strategic development of our portfolio at Industriepark Lausitz. As the site operator, we are actively supporting our tenants: We see ourselves as active bridge-builders for a modern, resilient and sustainable circular economy and are proud to conceive new solutions together with Infinite Loop Europe,” said Jürgen Fuchs, Chairman of the Management Board of BASF InfraService & Solutions Lausitz GmbH, adding: “The circular economy is a central strategic target market for us with high relevance for the future viability of our site. The establishment of Infinite Loop Europe strengthens our existing ecosystem, creates new synergies and marks an important milestone for the further development of Industriepark Lausitz.”