Loop Industries India JV awards contract to Toyo Engineering
after close1 source ↓written by the desknot a recommendation
- aims to produce
- 70,000 metric tonnes
- annually
- 100% recycled PET resin
- in land acquisition
- $5 million
Loop Industries' Indian joint venture, ELITe, has awarded a detailed engineering contract for the Infinite Loop India facility to Toyo Engineering India. The facility aims to produce 70,000 metric tonnes of 100% recycled PET resin annually, targeting global packaging and textile markets. The project remains on budget, benefiting from $5 million in land acquisition savings, with debt financing progressing as planned.
Not investment advice. For informational purposes only.