Loop Industries and Ester Industries Forge India Joint Venture to Drive Circular Plastics Economy
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- Published: Friday, 03 May 2024 15:29
Loop Industries, Inc. (NASDAQ: LOOP), a prominent clean technology company committed to advancing a circular plastics/fiber economy, recently sealed an agreement with Ester Industries Ltd. ("Ester"), a leading manufacturer of Polyester Films and Specialty Polymers in India, to establish a 50/50 India joint venture ("India JV"). The primary objective of this collaboration is to establish and operate an Infinite Loop India manufacturing facility, which will specialize in producing a unique product line of lower carbon footprint recycled dimethyl terephthalate ("rDMT"), recycled mono-ethylene glycol ("rMEG"), and specialty polymers in India.