12 May, 2026 16:57:08 IST 
Ester Loop Infinite Technologies Pvt. Ltd. (ELITe), a 50:50 joint venture between Canadian recycling technologies firm, Loop Industries, and Ester Industries, a Gurgaon-based manufacturer of polyester films and speciality polymers, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for a proposed investment of Rs 1,600-crore to set up a greenfield chemical recycling facility for polyester waste in the state.
The proposed facility will be located at PCPIR Dahej region Bharuch Gujarat and is expected to generate employment for around 500 people, with operations targeted to commence by 2028. The facility will deploy Infinite Loop technology to recycle polyester waste into virgin-quality PET, enabling circular solutions for global textile and packaging applications.
The MoU was signed at Auro University, Surat, as part of the investment promotion initiatives under the ‘Vibrant Gujarat’ regional conferences under the Chemicals, Petrochemicals & GIDC Large Projects category.
The Government of Gujarat, through the Gujarat Industrial Development Corporation (GIDC), has committed to facilitate all necessary permissions, registrations, approvals, and clearances in a time-bound manner.
The Dahej facility is designed to produce 70,000 tonnes of recycled dimethyl terephthalate (rDMT), 23,000 tonnes of recycled monoethylene glycol (rMEG), and 70,000 of recycled PET (rPET) resin annually. There is a provision to further expand the capacity within the same location by another 100,000 tonnes rPET resin annually.
In December last year, ELITe had announced the award of the detailed engineering contract for the facility to Toyo Engineering India Pvt. Ltd. It had followed the successful completion of front-end engineering design (FEED) by Tata Consulting Engineers, and represented the final engineering phase ahead of construction.
Separately, Nike Inc. had been confirmed as the facility’s anchor customer under a multi-year offtake agreement for Twist - a material that enables global apparel and textile companies to meet their sustainability commitments through certified, traceable circular polyester.
Commenting on the latest development, Mr. Ayush Vardhan Singhania, Whole-Time Director, Ester Industries Ltd said, “This MoU with the Government of Gujarat is a defining milestone for ELITe and for India’s place in the global circular economy. With land secured, engineering underway, and Nike confirmed as our anchor customer, the Bharuch facility stands on an exceptionally strong foundation. Gujarat’s progressive investment framework has given us the confidence to commit Rs. 1,600 crore to this vision, and we are on course for commercial commencement in 2028.”
Mr. Vaibhav Jha, CEO, Ester Industries Ltd. added, “India is one of the world’s largest producers and consumers of polyester, yet almost none of its post-consumer textile and packaging waste is recycled and most of it ends up in landfills. The Bharuch plant will directly address that gap - converting what is today a disposal burden into a high-value, endlessly circular material that global brands are actively seeking.”
