Loop Industries' India Joint Venture, Ester Loop Infinite Technologies Private Ltd. ("ELITe"), has reached an agreement to acquire a strategic site in the Gujarat state of India. This site is designated for the development of the Infinite Loop manufacturing facility.
The selected location offers strategic access to textile waste for feedstock, renewable clean energy sources, and existing industrial infrastructure. This is crucial for the efficient and sustainable operation of the planned facility.
The acquired land is sufficient to accommodate both the initial 70,000 metric ton per year facility and allows for a further 100,000 metric ton capacity expansion. This provides significant long-term growth potential for Loop's operations in India.
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