By: ICN Bureau
Last updated : December 18, 2025 9:25 am
The facility is designed to produce 70,000 metric tonnes of 100% recycled PET resin annually to serve the global packaging and textile markets
ELITe (Ester Loop Infinite Technologies Private Limited)—the Indian joint venture between Loop Industries and Ester Industries Limited—has awarded the detailed engineering contract for its "Infinite Loop India" facility to Toyo Engineering India.
Following the completion of Front-End Engineering Design (FEED) by Tata Consulting Engineers, Toyo will now lead the final engineering phase, covering detailed design and procurement engineering.
Located in India, the facility is designed to produce 70,000 metric tonnes of 100% recycled PET resin annually to serve the global packaging and textile markets.
The project remains on budget, aided by $5 million in savings from land acquisition. Debt financing is progressing as planned, with several term sheets already received from international lenders.
Construction is currently on track for completion by the end of 2027.
Apparel giant Nike has already signed a multi-year offtake agreement to serve as the facility's anchor customer.
"We are excited to collaborate with Toyo on this critical phase as we deliver India's first Infinite Loop facility, a model for true circularity, engineered to convert low-value textile and plastic waste into virgin-quality resin, enabling both textile-to-textile and food-contact packaging." said Adel Essaddam, Chief Operating Officer of Loop. "With FEED complete, land secured, Nike signed as anchor customer and detailed engineering now underway, we are on schedule to complete construction by end of 2027 efficiently and competitively deploying our technology in the world's fastest-growing major economy."
Commenting on the development, Arvind Singhania, Chairman & CEO, Ester Industries Limited, said, "Our detailed engineering partnership with Toyo marks a meaningful step forward in delivering India's first Infinite Loop facility. With the land secured and Nike confirmed as our anchor customer, the project now stands on a strong technical foundation with clear commercial visibility. Toyo brings proven engineering expertise, and together we are moving closer to building a world-class plant that can redefine PET recycling in India. This phase reinforces our commitment to driving circular economy solutions at scale."
"Toyo-I is genuinely delighted to be associated with ELITe in the execution of the Chemical Recycling PET Project at Bharuch, Gujarat", commented Kishor Salunke, Chief Operating Officer (SSBU) of Toyo Engineering India. "The recycling of PET into monomers and then back to a virgin quality PET, is a distinctive initiative. It's a new beginning and in line with our mission i.e. engineering for sustainable growth of the global community. We will turn this project into a legacy while strengthening our business relationship with ELITe."