Loop Industries said its joint venture Ester Loop Infinite Technologies Private Limited (ELITe) has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to support its first large-scale commercial deployment in India.
The agreement is expected to facilitate permitting, infrastructure coordination and administrative processes for Loop Industries first large-scale commercial deployment.
该项目位于古吉拉特邦的 Bharuch 工业走廊,，可利用已建立的基础设施, 物流和附近的低成本原料来源。 The site has been secured with the capacity to support multiple facilities, enabling a phased expansion approach.
The project is located in Gujarat的 Bharuch industrial corridor, giving access to established infrastructure, logistics and nearby sources of low-cost feedstock. The site has been secured with the capacity to support multiple facilities, enabling a phased expansion approach.
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最初的设施设计为每年支持约 70,000 吨的生产。该场地还可容纳约 100,000 吨, 的第二个设施，允许在同一地点进行扩建。
The initial facility is designed to support around 70,000 tonnes of production annually. The site can also accommodate a second facility of around 100,000 tonnes, allowing expansion to take place within the same location.
Loop表示，新工厂旨在支持印度的多阶段建设战略。
Loop said the new plant is intended to support a multi-phase build-out strategy in India.
The estimated capital cost for the initial facility is now expected to be around $165–170m, down from prior estimates of around $190m.
该公司将减少归因于外汇变动, 采购细化和土地相关成本考虑。
The company attributed the reduction to foreign exchange movements, procurement refinement and land-related cost considerations.
“This agreement will assist us as we move from planning toward execution,” said Daniel Solomita, Loop的 chief executive officer. “With government alignment and expansion capacity already secured, we are building a scalable commercial platform positioned to support growing global demand for virgin-quality recycled polyester. And the reduced capital cost will improve our return on investment.”
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