18 Sep 2025 | 5 Mins Read
Ester Industries, Loop Industries form JV with Rs 1,600-cr investment
Flipitmoney
Ester Industries and Loop Industries will invest Rs 1,600 crore to set up a joint venture, Ester Loop Infinite Technologies (ELITe), in Gujarat. The 50:50 joint venture will deliver chemically recycled polyester solutions to international markets. Rs 500 crore will be infused jointly, the rest through bank loans, with the plant expected to be operational by 2027.