Loop Industries established a committee to assess M&A and financing for its India PET recycling joint venture. This follows recent leadership changes within the company. The move highlights ongoing consolidation pressures in the chemical recycling sector. It may signal increased activity in PET recycling assets as firms seek scale. For Loop Industries, this review aims to optimize capital structure or divest non-core assets. Success depends on finding suitable partners or investors for the Indian operation.
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Loop Industries has formed a strategic alternatives committee to evaluate M&A and financing options for its India PET recycling joint venture amid leadership changes.
Loop Industries' joint venture signed an MOU with Gujarat for a commercial PET recycling facility, reducing costs to $165-170 million. This project represents the first commercial-scale implementation
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