Loop Industries Advances $176 Million Infinite Loop PET Recycling Plant in India
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Loop Industries Inc., in partnership with Ester Industries, is advancing its Infinite Loop PET recycling plant in India. Toyo Engineering India Private Limited has been awarded the detailed engineering contract. The facility will convert textile and plastic waste into virgin-quality PET resin, with a capacity of 70,000 metric tonnes annually, and is set to complete by 2027. Nike is an anchor customer, and the project is progressing under budget with strong interest from international lenders.
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