Loop Industries cuts planned India PET recycling plant to 45 ktpa

Loop Industries has rescaled its planned first commercial Infinite Loop facility in India to 45 kilotonnes a year after an engineering review, to lower capital requirements and speed construction, which it targets for completion by the end of 2028. A board special committee formed in September 2026 is still seeking financing for Loop's share of the India joint venture equity, and the company reported total available liquidity of USD 1.9m at 31 August 2026.

Why this mattersA smaller first phase and thin liquidity signal that Loop's push to commercialise PET depolymerisation technology depends on financing yet to be secured.

• India facility capacity rescaled to 45 kilotonnes a year after an engineering review.
• Construction targeted for completion by end of 2028, with startup and commissioning in 2029.
• Total available liquidity was USD 1.9m at 31 August 2026.
• A board special committee formed in September 2026 is evaluating equity, debt and non-dilutive financing for the India joint venture.
• Cash operating expenses for the quarter were USD 1.6m, down USD 0.8m year on year.
• A second, larger facility is planned at the India site after start-up of the first.

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