Loop Industries, a leading clean technology innovator committed to accelerating a circular economy for polyester, announced a major milestone in its India growth strategy. The company’s joint venture in India has finalized an agreement to acquire a strategic site in Gujarat for the development of its first Infinite Loop manufacturing facility in the country.

The 93-acre site, located near Surat – India’s “synthetic textile capital” – provides direct access to abundant polyester textile waste feedstock. Its strategic positioning within a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) ensures fast-track permitting, a skilled petrochemical workforce, and seamless connectivity to a nearby deep-water seaport for global export logistics.

The land purchase, valued at $10.5 million, reduces the overall project capital estimate by $5 million, bringing the projected investment closer to $171 million as per the FEED package prepared by Tata Consulting Engineers. An initial deposit of $1.7 million has been made to secure the site.

Planned to produce 70,000 metric tons per year in its initial phase, the Infinite Loop India facility is designed for expansion to 170,000 metric tons annually as demand for sustainable PET continues to grow. The plant will run on 80per cent clean, renewable electricity and renewable biofuel, enabling PET resin with up to 80per cent lower carbon emissions compared to traditional, petroleum-based PET production.

“Securing this site in Gujarat marks a foundational step in bringing Infinite Loop technology to India,” said Adel Essaddam, COO of Loop Industries. “It checks every box – from infrastructure and logistics to feedstock availability – and provides the scale needed for future expansion. With this site, we are well-positioned to deliver sustainable PET resin competitively to both domestic and global markets.”

This project is set to be a model for sustainable production, supporting India’s transition toward a circular economy in plastics while addressing the global demand for recycled PET in textiles and packaging. Permitting is expected to be completed by the end of 2025, paving the way for groundbreaking and construction shortly thereafter.