Loop industries and ester industries ltd. announce joint venture agreement to build an infinite loop(tm) manufacturing facility in india to produce rdmt, rmeg and specialty polymers from waste polyesters with a significantly lower carbon footprint

Levers the existing infinite loop™ technology to target undersupplied us$28 billion market for dmt and meg high projected returns based on total capital investment of approximately us$165 million, favourable industry pricing and low operating cost environment construction of the facility is expected to be complete at the end of 2026 with commercial operations commencing in early 2027 montreal, qc / accesswire / may 1, 2024 / loop industries, inc. (nasdaq:loop) (the "company" or "loop"), a clean technology company whose mission is to accelerate a circular plastics/fiber economy by manufacturing 100% recycled polyethylene terephthalate ("pet") plastic and polyester fiber, today concluded an agreement with ester industries ltd. ("ester"), one of india's leading manufacturers of polyester films and specialty polymers, to form a 50/50 india joint venture ("india jv").
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