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Loop Industries, Inc. (Nasdaq: LOOP), a leader in 100% recycled PET plastic and polyester fiber, has reached a key milestone in its India growth strategy by securing a 93-acre site in Gujarat for its first Infinite Loop™ manufacturing facility in the country.
Strategically positioned within a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) near Surat—widely recognized as India’s synthetic textile capital—the location provides direct and plentiful access to polyester textile waste feedstock, a critical resource for Loop’s recycling technology. The site’s proximity to a deep-water seaport will facilitate cost-efficient global resin exports, while the availability of a highly skilled petrochemical workforce in the region is expected to accelerate construction, commissioning, and operational readiness.
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The Gujarat plant will operate on 80% clean, renewable electricity and renewable biofuels, cutting the carbon footprint of its PET resin by up to 80% compared to petroleum-based production. Loop expects permitting to be completed by year-end 2025, positioning the site as a showcase for sustainable, large-scale polyester recycling in one of the world’s largest textile markets.
The land acquisition, priced at $10.5 million, comes in $5 million below the project’s original cost estimate of $176 million, as outlined in the FEED study by Tata Consulting Engineers. An initial $1.7 million deposit has secured the property, which has ample capacity for both the planned 70,000 metric ton per year facility and a future 100,000 metric ton expansion. With strategic location advantages, reduced capital costs, and scalable green production capacity, Loop Industries’ India venture is poised to set a new benchmark for circular economy manufacturing in Asia.