PET-rolling Into India: Loop’s High-Tech Recycling Revolution Begins

Image Source: LaPresse.ca

Loop Industries reported Q1 Fiscal 2026 results, showcasing financial strength and strategic advancements with the aim to break ground on its first Infinite Loop plant in India.

Financial Overview
- Revenues rose to 252 thousand dollars from 6 thousand dollars in the previous year, driven by engineering fees and PET resin sales

- Net loss decreased to 3.4 million dollars from 5.2 million, as a result of lower operating costs
- Cash operating expenses reduced by 2.2 million compared to last year, and liquidity on hand is 12.3 million dollars.

India Expansion Highlights
- Campus site selection for Infinite Loop India is almost finalized, with two sites shortlisted in Gujarat

- A 1.5 million dollar engineering services contract was signed with ELITe, the joint venture of Loop and Ester Industries
- TATA Consulting Engineers completed the FEED study; the plant shall have a continuous polymerization line
- Overall investment is estimated at 176 million dollars, while debt syndication is handled by KPMG.

Strategic Partnerships and Global Reach
- Consumer goods and fashion brand offtake negotiations are underway with the promise of competitive pricing and high ROI

- In Europe, Loop partnered with Reed Societe Generale Group to finalize site selection for its first facility

- Modular construction approach is being followed to reduce the capital expenditure and accelerate the project duration

Prospects Loop's progress in India and Europe represents a milestone in direction towards scaleable, sustainable PET recycling. With engineering precision and fiscal prudence, the company could redefine circular manufacturing.

Sources: Morningstar, PR-Inside, FinanzWire, MarketBeat, Finviz