Loop Industries announces $1.5 million engineering services agreement for Infinite Loop India project
Loop Industries, Inc., a technology company focused on polyester recycling, announced it has executed a $1.5 million engineering services agreement with Ester Loop Infinite Technologies Private Ltd., its India JV with Ester Industries Ltd..
The agreement will provide engineering support for the construction of the Infinite Loop India facility, which is expected to begin in the second half of 2025. It is part of the planned implementation of Loop’s PET depolymerisation technology in the region.
The newly signed $1.5 million engineering services agreement builds on the initial engineering services agreement with Ester Loop Infinite Technologies which was fulfilled over Q4 of fiscal 2025 and Q1 of fiscal 2026. This is claimed to underscore the role of engineering services in Loop’s commercialisation strategy as an important and growing source of revenue. The company anticipates entering into additional engineering services agreements for India, Europe and other projects as we advance the development of future Infinite Loop facilities.
Loop continues to progress towards securing customer off-take agreements for the India JV with global brands in the textile and consumer packaged goods sectors.
Daniel Solomita, Founder and CEO of Loop, commented on the development of the India JV, saying: “This new agreement reinforces the momentum for the India project. It helps set the foundation for construction start later this year and reinforces the model for the global manufacturing deployment of our technology.”
Loop Industries owns patented and proprietary technology that depolymerises no and low-value waste PET plastic and polyester fibre, including plastic bottles packaging, and textiles such as carpets and clothing into its base building block monomers DMT and MEG. The monomers are separated, purified and polymerised to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fibre, thus enabling our customers to meet their sustainability objectives.