Loop Industries' India Joint Venture Reaches Agreement to Acquire Strategic Site in Gujarat, India, for Infinite Loop Manufacturing Facility
Loop Industries (NASDAQ:LOOP) announced that its India joint venture has secured an agreement to acquire a strategic 93-acre site in Gujarat for its Infinite Loop鈩� manufacturing facility. The site, located near Surat, India's synthetic textile capital, will cost $10.5 million, representing a $5 million reduction from the original capital cost estimate of $176 million.
The facility will have an initial capacity of 70,000 metric tons per year, with potential expansion for an additional 100,000 metric tons. The plant will be powered by 80% clean, renewable electricity and renewable biofuel, producing PET resin with up to 80% lower carbon emissions compared to traditional virgin PET. The strategic location within a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) offers advantages including expedited permitting and access to skilled labor.
Loop Industries (NASDAQ:LOOP) ha annunciato che la sua joint venture in India ha chiuso un accordo per acquisire un sito strategico di 93 acri in Gujarat per lo stabilimento di produzione Infinite Loop鈩�. Il sito, situato vicino a Surat, capitale indiana del tessile sintetico, avr脿 un costo di $10,5 milioni, rappresentando una riduzione di $5 milioni rispetto alla stima iniziale dei costi in conto capitale di $176 milioni.
Lo stabilimento avr脿 una capacit脿 iniziale di 70.000 tonnellate metriche all'anno, con possibilit脿 di espansione per ulteriori 100.000 tonnellate metriche. L'impianto sar脿 alimentato per l'80% da energia elettrica pulita e rinnovabile e da biocarburanti rinnovabili, producendo resina PET con emissioni di carbonio fino all'80% inferiori rispetto al PET vergine tradizionale. La posizione strategica all'interno di una Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) offre vantaggi come procedure di autorizzazione accelerate e accesso a manodopera qualificata.
Loop Industries (NASDAQ:LOOP) anunci贸 que su empresa conjunta en India ha conseguido un acuerdo para adquirir un terreno estrat茅gico de 93 acres en Gujarat para su planta de fabricaci贸n Infinite Loop鈩�. El emplazamiento, situado cerca de Surat, la capital india del textil sint茅tico, costar谩 $10,5 millones, lo que supone una reducci贸n de $5 millones respecto a la estimaci贸n inicial del coste de capital de $176 millones.
La planta tendr谩 una capacidad inicial de 70.000 toneladas m茅tricas al a帽o, con posibilidad de ampliaci贸n para otras 100.000 toneladas m茅tricas. La instalaci贸n funcionar谩 con un 80% de electricidad limpia y renovable y con biocombustibles renovables, produciendo resina PET con hasta un 80% menos de emisiones de carbono en comparaci贸n con el PET virgen tradicional. La ubicaci贸n estrat茅gica dentro de una Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) ofrece ventajas como permisos m谩s 谩giles y acceso a mano de obra cualificada.
Loop Industries (NASDAQ:LOOP)電� 鞚鸽弰 頃╈瀾氩曥澑鞚� Infinite Loop鈩� 靸濎偘鞁滌劋鞚� 鞙勴暅 甑瀽霛柬姼欤检潣 鞝勲灥鞝� 93鞐愳澊旎� 攵�歆�毳� 鞚胳垬頃橂姅 瓿勳暯鞚� 觳搓舶頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚� 攵�歆�電� 頃╈劚 靹湢鞚� 欷戩嫭歆�鞚� 靾橂澕韸� 鞚戈芳鞐� 鞙勳箻頃橂┌, 牍勳毄鞚� $10.5 million鞙茧 旮办〈 鞛愲掣牍勳毄 於旍爼旃橃澑 $176 million鞐愳劀 $5 million 欷勳柎霌� 旮堨暋鞚措澕瓿� 靹る獏頄堨姷雼堧嫟.
鞚� 鞁滌劋鞚� 齑堦赴 觳橂Μ 電ル牓鞚� 鞐瓣皠 70,000 氅旐姼毽啢鞚措┌, 於旉皜搿� 100,000 氅旐姼毽啢旯岇 頇曥灔頃� 臧�電レ劚鞚� 鞛堨姷雼堧嫟. 瓿奠灔鞚� 80% 臧�霟夓潉 觳爼 鞛儩 鞝勲牓瓿� 鞛儩 氚旍澊鞓れ棸耄岆 臧�霃欗晿鞐� 旮办〈鞚� 鞁犼窚(氩勳) PET鞐� 牍勴暣 韮勳唽 氚办稖鞚� 斓滊寑 80% 鞝�臧�頃� PET 靾橃毳� 靸濎偘頃� 鞓堨爼鞛呺媹雼�. 霕愴暅 PCPIR(靹濎湢路頇旐暀路靹濎湢頇旐暀 韴瀽歆�鞐�) 雮� 鞝勲灥鞝� 鞙勳箻電� 項堦皜 鞝堨皑 雼稌瓿� 靾欕牗 鞚鸽牓 鞝戧芳靹� 霌� 鞚挫爯鞚� 鞝滉车頃╇媹雼�.
Loop Industries (NASDAQ:LOOP) a annonc茅 que sa coentreprise en Inde a conclu un accord pour acqu茅rir un site strat茅gique de 93 acres dans le Gujarat pour son usine de fabrication Infinite Loop鈩�. Le site, situ茅 pr猫s de Surat, capitale indienne du textile synth茅tique, co没tera 10,5 millions de dollars, soit une r茅duction de 5 millions de dollars par rapport 脿 l'estimation initiale des co没ts en capital de 176 millions de dollars.
L'usine aura une capacit茅 initiale de 70 000 tonnes m茅triques par an, avec une possibilit茅 d'extension de 100 000 tonnes m茅triques suppl茅mentaires. L'installation sera aliment茅e 脿 80% par de l'茅lectricit茅 propre et renouvelable et par des biocarburants renouvelables, produisant une r茅sine PET avec jusqu'脿 80% de r茅duction des 茅missions de carbone par rapport au PET vierge traditionnel. La localisation strat茅gique au sein d'une Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) offre des avantages tels que des autorisations acc茅l茅r茅es et l'acc猫s 脿 une main-d'艙uvre qualifi茅e.
Loop Industries (NASDAQ:LOOP) gab bekannt, dass sein Joint Venture in Indien eine Vereinbarung zum Erwerb eines strategischen 93 Acre gro脽en Grundst眉cks in Gujarat f眉r die Infinite Loop鈩�-Fertigung getroffen hat. Das Gel盲nde in der N盲he von Surat, dem indischen Zentrum f眉r synthetische Textilien, wird $10,5 Millionen kosten und stellt damit eine Reduzierung von $5 Millionen gegen眉ber der urspr眉nglichen Investitionskosten-Sch盲tzung von $176 Millionen dar.
Die Anlage wird eine Anfangskapazit盲t von 70.000 metrischen Tonnen pro Jahr haben, mit der Option auf eine Erweiterung um zus盲tzliche 100.000 metrische Tonnen. Das Werk wird zu 80% mit sauberer, erneuerbarer Elektrizit盲t und erneuerbarem Biokraftstoff betrieben und erzeugt PET-Harz mit bis zu 80% geringeren CO2-Emissionen im Vergleich zu herk枚mmlichem Neu-PET. Die strategische Lage innerhalb einer Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) bietet Vorteile wie beschleunigte Genehmigungsverfahren und Zugang zu qualifizierten Arbeitskr盲ften.
- Strategic location near Surat provides direct access to abundant polyester textile waste feedstock
- 80% reduction in carbon emissions compared to traditional PET production
- $5 million cost savings on land acquisition from original estimate
- Site allows for significant future expansion of additional 100,000 metric tons capacity
- Location in PCPIR zone expedites permitting process and provides access to skilled labor
- 80% of facility power will come from clean, renewable sources
- Significant initial capital investment of $176 million required for the project
- Project completion and permitting timeline extends to end of 2025
Insights
Loop's India JV secures strategic land for production facility at reduced cost, with sustainable infrastructure and expansion potential.
Loop Industries has achieved a critical milestone in its international expansion strategy with its joint venture in India securing a 93-acre site in Gujarat's industrialized region for
The site's proximity to Surat, India's synthetic textile capital, provides direct access to abundant polyester textile waste feedstock - a crucial supply chain advantage for Loop's recycling technology. The facility's integration within a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) will accelerate permitting processes and leverage the region's existing petrochemical workforce.
What's particularly valuable about this acquisition is the infrastructure efficiency. The facility will operate on
The site's size is strategically calibrated for both immediate and future needs. It accommodates the initial 70,000 metric ton annual capacity facility while providing sufficient space for an additional 100,000 metric ton expansion - suggesting Loop anticipates strong demand growth for its recycled PET products. This phased approach to capacity expansion demonstrates prudent capital allocation while maintaining growth optionality.
The
Agreement reached to acquire site in the Gujarat state in India with strategic access to textile waste for feedstock, renewable clean energy, industrial infrastructure.
Sufficient land on site for both initial 70,000 metric ton facility and further 100,000 metric ton capacity expansion.
Total cost of the land is
$10.5M which represents$5M reduction in the amount included in project cost estimate.
MONTREAL, QC / / August 13, 2025 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop Industries", "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular economy for polyester by manufacturing
Following extensive due diligence, the JV has selected a site in one of India's most industrialized regions for the Infinite Loop鈩� manufacturing facility. This strategic location near Surat, known as India's synthetic textile capital, gives the JV a direct and abundant supply of polyester textile waste feedstock.
The facility is positioned to be a model of sustainable production. It will be powered by
The 93-acre site, strategically located within a Petroleum, Chemicals and Petrochemicals Investment Region ("PCPIR"), is large enough to support both an initial 70,000 metric ton per year facility as well as a planned further expansion of an additional 100,000 metric tons per year once the facility is fully operational. The PCPIR designation not only expedites the permitting process, which Loop expects to be completed by the end of 2025, but also provides access to the region's skilled labor force in the petrochemical industry. Additionally, the site's proximity to a deep-water seaport enables cost-effective logistics for export of all resin produced at the facility.
"The land acquisition in Gujarat is a foundational step that positions the Infinite Loop鈩� India project for groundbreaking and construction." said Adel Essaddam, COO at Loop Industries. "This site checks every box from an infrastructure, logistics, and feedstock availability standpoint. It sets the stage for deploying our technology efficiently and competitively, while providing the footprint needed for a planned 100,000 metric ton further capacity expansion once the initial facility is operational."
[1] Based on a 2023 Life Cycle Assessment of an Infinite Loop鈩� facility in India completed by Franklin Associates, a division of ERG, and commissioned by Loop, which compares kg for kg Loop PET vs. Virgin PET. CO2 savings are compared to the production of virgin PET made from fossil fuels and the avoided incineration of waste used as a feedstock.
About Loop Industries
Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, 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 polymerized to create virgin-quality Loop鈩� and Twist鈩� branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop鈩� and Twist鈩� PET can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Common shares of the Company are listed on the NASDAQ Global Market under the symbol "LOOP."
For more information, please visit . Follow Loop on Twitter: , Instagram: , Facebook: and LinkedIn:
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Investor Relations:
Kevin C. O'Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
[email protected]
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about the anticipated completion of the land acquisition in Gujarat, expected permitting and construction timelines, potential capacity expansions, and the expected operational, logistical, and environmental benefits of the site and joint venture in India. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Actual results may differ materially from the projections discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Factors that could materially affect these forward-looking statements and/or projections include, among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products and to license our technology in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection to them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts including trade disputes and increasing protectionist measures that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any SEC investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 28, 2025 filed with the SEC and in Loop's subsequent filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at . Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law.
SOURCE: Loop Industries
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