Loop Industries–Ester Industries JV awards Toyo detailed engineering for Infinite Loop India
- Toyo Engineering India awarded the detailed engineering contract covering detailed design, procurement engineering and technical documentation for the Infinite Loop India facility.
- Facility designed for 70,000 metric tonnes per year of PET resin, targeting both textile‑to‑textile recycling and food‑contact packaging, with construction due to complete by end of 2027.
- Project capex is tracking below the $176 million budget, including $5 million in land‑acquisition savings; KPMG in India is leading debt financing and multiple term sheets have been received from international lenders.
- FEED was completed by Tata Consulting Engineers, land has been secured, and a multi‑year offtake with Nike was announced as the anchor customer.
Contract award
ELITe, the India joint venture between Loop Industries and Ester Industries, has awarded the detailed engineering contract for its Infinite Loop India project to Toyo Engineering India. The scope includes detailed design, procurement engineering and technical documentation, and follows front‑end engineering design (FEED) carried out by Tata Consulting Engineers. The award represents the final engineering milestone before construction.
Project scope and schedule
The facility is designed to produce 70,000 metric tonnes per year of PET resin from low‑value textile and plastic waste, enabling textile‑to‑textile recycling and food‑contact packaging applications. The joint venture states construction remains on schedule with projected completion by the end of 2027, and land for the plant has been secured.
Costs and financing
Overall capital expenditures are reported to be trending below the $176 million budget, with $5 million of realized savings from land acquisition. KPMG in India is leading the debt financing process and the project team says it has received multiple term sheets from international lenders.
Commercial visibility
The JV recently signed a multi‑year offtake agreement with Nike as the anchor customer. Company leaders from Loop, Ester and Toyo commented that the detailed engineering award advances the project toward construction and commercial operation.
Source: Loop