The India joint venture (JV), equally funded by Loop and Ester, plans to source PET plastic and polyester fiber waste feedstocks for its Infinite Loop™ Technology facility, which has a production capacity of 70,000 tons per year. The JV has made equity contributions used for engineering fees and land purchase. It will enter into agreements with Loop and Ester for technology licensing, services, and sales. Loop provided engineering services to the JV under two agreements valued at $0.5 million and $1.5 million, generating $0.6 million in revenue for Loop in the fiscal year ended February 28, 2026. The JV selected Gujarat, India, for the facility due to infrastructure, export proximity, renewable energy availability, and feedstock supply. On August 13, 2025, the JV agreed to acquire approximately 93 acres in Gujarat from a group of sellers for about $0.1 million per acre. The sellers are responsible for consolidating parcels and delivering marketable title with governmental approvals.
Loop Industries Inc's Comment on Supply Chain
The India joint venture (JV), equally funded by Loop and Ester, plans to source PET plastic and polyester fiber waste feedstocks for its Infinite Loop™ Technology facility, which has a production capacity of 70,000 tons per year. The JV has made equity contributions used for engineering fees and land purchase. It will enter into agreements with Loop and Ester for technology licensing, services, and sales. Loop provided engineering services to the JV under two agreements valued at $0.5 million and $1.5 million, generating $0.6 million in revenue for Loop in the fiscal year ended February 28, 2026. The JV selected Gujarat, India, for the facility due to infrastructure, export proximity, renewable energy availability, and feedstock supply. On August 13, 2025, the JV agreed to acquire approximately 93 acres in Gujarat from a group of sellers for about $0.1 million per acre. The sellers are responsible for consolidating parcels and delivering marketable title with governmental approvals.
Sources:
Loop Industries Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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