Gurugram, 8th September 2025: Ester Industries Limited, India’s leading manufacturer of polyester
films and specialty polymers, informed that Ester Loop Infinite Technologies Private Limited (ELITe) –
a joint venture with Loop Industries, a clean technology innovator in manufacturing 100% recycled
polyethylene terephthalate (“PET”) plastic and polyester fiber, has entered into an agreement with a
group of Sellers (Seller Group) for acquisition of land.
Seller Group has agreed to acquire and sell the identified parcels of land (Project Land) for the purpose
of development, construction & operation of a Greenfield Chemical Recycling Plant at a Project Cost
of about Rs. 1600 crores.
This agreement marks a major milestone towards the establishment of India’s first Infinite Loop™ plant
that will recycle polyester textile waste into virgin quality PET resin for textile, promoting circular
economy in polyester. The facility is planned with an initial capacity of 70,000 metric tons per year,
with provisions for an additional 100,000 metric tons in the future.
Following comprehensive due diligence, ELITe has finalized the purchase of Project Land near Surat,
Gujarat, India’s synthetic textile capital. Strategically located within the Petroleum, Chemicals and
Petrochemicals Investment Region (PCPIR), the site offers direct access to abundant polyester textile
waste feedstock, a skilled petrochemical workforce, and a streamlined permitting process. Its
proximity to a deep-water seaport will further support cost-efficient exports of PET resin.
The Infinite Loop™ India facility has been designed to operate on approximately 80% clean, renewable
electricity and renewable biofuel. The PET resin produced is expected to deliver up to an 80% reduction
in carbon emissions compared to traditional virgin, petroleum-based PET.
Commenting on the development, Mr. Arvind Singhania, Chairman, Ester Industries Limited, said,
"This is a significant step forward in implementation of the Project and our commitment to advancing
circular economy solutions in India. Gujarat, being the hub of India’s polyester textile industry, offers
the ideal ecosystem for our first Infinite Loop™ facility. This project will not only reduce carbon
emissions and reliance on virgin plastics, but also create a sustainable value chain for the textile and
packaging sectors. We are proud to be at the forefront of driving India’s clean technology transition.”
This agreement for acquisition of land lays the foundation for groundbreaking and construction
activities, setting the stage for deployment of Loop’s proprietary technology in India. With robust
infrastructure, logistics support, feedstock availability and future expansion potential, the site
positions ELITe to play a leading role in building a sustainable polyester ecosystem for India and
beyond.
About Ester Industries
Founded in 1985, Ester Industries Limited is a leading manufacturer of polyester chips, polyester films and specialty polymers. With advanced R&D centers and manufacturing facilities across India, Ester delivers material solutions to a wide spectrum of industries, including FMCG packaging, textiles, electronics, automotive, and adhesives. The company has a strong global presence, exporting to over 50 countries, and continues to build on its legacy of innovation, sustainability, and purposeful growth.