The project cost of Ester Industries Limited (EIL), India’s leading manufacturer of Polyester Films and Specialty Polymers and Loop Industries, to produce a unique product offering of lower carbon footprint recycled dimethyl terephthalate (rDMT), recycled mono-ethylene glycol (rMEG) in India, using the Infinite Loop technology is US $165 million (Rs. 1,385 crore).  

Construction is expected to be completed by the end of 2026, with commercial operations commencing in early 2027.

The Infinite Loop India JV facility aims to annually produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG. Ester will then convert part of these quantities into various specialty polymer grades. This facility can cut carbon emissions by up to 70% compared to virgin DMT and MEG from fossil fuels. It will provide chemical companies with a straightforward, circular alternative, aiding them in meeting sustainability targets.

The JV combines Loop’s cutting-edge technology and access to global brands with Ester's 40 years of polymer expertise and operational prowess.

Commenting on the Joint Venture, Arvind Singhania, Chairman, Ester Industries said, "As regards our JV with Loop Industries Inc, I am happy to announce that it is progressing as per schedule. Various activities towards implementation of the project are being pursued in earnest. Looking ahead, given our strong position in both SBUs, we are confident of creating value for our shareholders, as the fundamentals of both businesses remain solid. The joint venture with Loop is a transformative development that will pave the way for profitable growth for the company in the years to come,” added Singhania.

Incorporated in 1985, EIL has state of the art manufacturing facilities in Khatima and Sitarganj in Uttarakhand with the capacity of 67,000 TPA of Polyester Resin, 60,000 TPA of Polyester Film and 30,000 TPA of Specialty Polymers.

Through Wholly Owned Subsidiary, Ester Filmtech Limited, it has set up a state of the art manufacturing facility in Hyderabad, Telangana to produce 48,000 MT of Polyester Film.