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Supplying 100% recycled DMT to Taro Plast
Loop Industries has signed an offtake agreement with Taro Plast S.p.A., a global leader in thermoplastic compounds. Under this agreement, ELITe will supply Loop™ Dimethyl Terephthalate (DMT) from its India facility. The Loop™ DMT supplied will be used for automotive and specialty polymer applications. Taro Plast confirms that Loop's 100% recycled DMT meets the highest standards of purity and performance, in-line with Taro Plast's strong corporate commitment to sustainability.
Strategic alliance with Hyosung TNC for circular polyester
The alliance with Hyosung TNC combines Loop's Infinite Loop™ depolymerization technology and Hyosung TNC's industry-leading expertise in advanced textile materials to help brands transition from fossil and bottle-based polyester, to next-generation circular materials. Loop’s technology transforms low-value textile waste into Twist™ - its branded polyester resin that is 100% recycled, fully traceable, and specifically designed for the textile industry - delivering virgin-quality performance with a significantly reduced environmental footprint. Hyosung TNC then converts this material into performance yarns under its Regen™ brand portfolio, trusted by leading brands across fashion, activewear, and other textile markets. The result is a true circular solution that meets the technical and environmental needs of today's leading global brands. This relationship has been established for products from Loop's Terrebonne facility and will be significantly expanded once ELITe’s facility in Gujarat becomes operational.
Commenting on the development, Mr. Arvind Singhania, Chairman, Ester Industries Limited, said, “The partnerships mark a defining moment in ELITe’s journey. Together with our recently announced land acquisition ~90 acres in Gujarat, these developments validate the strength of our vision to create a world-class hub for circular polyester in India. The offtake agreement with Taro Plast not only positions Loop™ DMT as a breakthrough feedstock for specialty polymer applications, but also opens new revenue streams and demonstrates the versatility of our technology. Simultaneously, the alliance with Hyosung TNC extends the reach of our recycled polyester into global apparel and textile markets, reinforcing our role in enabling large brands to transition toward circular supply chains. These early commitments from leading international players reflect the global confidence in our project, while highlighting India’s emergence as a critical contributor to the sustainable materials ecosystem. We are proud to be driving both national progress and global impact.”
Mr. Singhania further added, “ELITe’s project in Gujarat will be a significant step in advancing Hon’ble Prime Minister Narendra Modi’s vision of circular fashion and mission LiFE. Through upcycling textile waste, the initiative will not only mitigate the challenges of landfill accumulation and resource depletion but also generate new livelihood opportunities and encourage innovation across the textile ecosystem. This project represents how industry can align with national priorities to build a future that is both sustainable and globally competitive.”
The Infinite Loop™ India facility is designed to produce 70,000 tonnes of rDMT, 23,000 tonnes of rMEG and 70,000 of rPET resin annually with a planned investment of about ₹1,600 crores. There is a provision to further expand the capacity within the same location by another 100,000 tonnes rPET resin annually. These agreements mark the beginning of commitments by international brand owners for material from ELITe, which underscores India’s growing significance in sustainable materials for global markets.