Loop Industries plans US$170 million recycled PET plant in India’s Gujarat

• Loop Industries’ India joint venture signed an MoU with the Gujarat government to support development of its first large-scale commercial manufacturing site in the Bharuch industrial corridor.
• The initial plant targets about 70,000 tonnes of annual capacity, with a second facility of about 100,000 tonnes planned for the same site as part of a phased expansion.
• Estimated capital cost for the first facility was cut to about USD 165-170 million from about USD 190 million, reflecting foreign-exchange moves, procurement updates, and land-related costs.
• The agreement is expected to streamline permitting, infrastructure coordination, and other administrative processes for the project.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Loop Industries Inc. published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein.