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

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