Ester Loop Infinite Technologies (ELITe), a 50:50 joint venture (JV) between Ester Industries and Loop Industries of Canada, is all set to supply Loop Dimethyl Terephthalate (DMT) from its upcoming Infinite Loop manufacturing facility in Gujarat to Italy’s Taro Plast S.p.A. The Loop DMT supplied will be used for automotive and specialty polymer applications. Taro Plast confirms that Loop Industries' 100% recycled DMT meets the highest standards of purity and performance, in-line with Taro Plast's strong corporate commitment to sustainability. For this, Loop Industries has signed an offtake agreement with Taro Plast S.p.A.
Further, Loop Industries and South Korea’s Hyosung TNC have also entered into a strategic alliance to support shift by global brands to circular polyester. This will support Loop Industries' Infinite Loop project in India by expanding the customer base. It is pertinent to note that ELITe will transform polyester textile waste using Loop Industries' patented depolymerisation technology and Ester Industries’ polymerisation expertise into Loop Industries' high-purity Twist polyester, which Hyosung TNC will convert into high-performance yarns under its Regen portfolio, which is trusted by leading apparel and textile brands globally. Scheduled to commence operations in end 2027, the Gujarat plant will position India as a key hub for delivering high-performance chemically recycled polyester solutions for international markets.
Ester Industries' main business activities are production and marketing of versatile ranges of polyester films and engineering plastics.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3725.00 |
| Astral | 1569.70 |
| Finolex Inds | 172.90 |
| Nilkamal | 1280.00 |
| Jain Irrigation Sys | 33.71 |
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