---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-005656"
form_type: "8-K"
ticker: "LOOP"
cik: "0001504678"
company_name: "Loop Industries, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:49:10.326038+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Loop Industries forms 50/50 India JV with Ester to build $165M rDMT/rMEG facility

## Summary
- 50/50 JV with Ester Industries to build Infinite Loop facility in India; total capital ~$165 million.
- Facility to produce 70,000 tpy rDMT and 23,000 tpy rMEG; construction completion by end 2026, operations early 2027.
- JV targets $28B global DMT/MEG market; rDMT/rMEG lower carbon footprint by up to 70% vs virgin fossil-based.
- Ester to toll-convert monomers into specialty polymers; Loop exclusive sales/marketing agent.
- Agreement subject to conditions; termination option if not closed by Dec 31, 2024.

## SEC filing metadata
- accession: 0001654954-24-005656
- form_type: 8-K
- ticker: LOOP
- cik: 0001504678
- company_name: Loop Industries, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504678/000165495424005656/0001654954-24-005656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504678/000165495424005656/loop_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-005656
- JSON: https://secwatch.observer/filing/0001654954-24-005656.json
- Plain text: https://secwatch.observer/filing/0001654954-24-005656.txt

## Key facts
- Material Agreements
  Loop Industries, Inc. entered into Agreement with Ester Industries Ltd. valued at USD $165 million (effective 2024-05-01).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: Ester Industries Ltd.
  - Value: USD $165 million
  - Effective: 2024-05-01
  source text: On May 1, 2024, Loop Industries, Inc. (the “Company” or “Loop”) entered into an agreement (the “Agreement”) by and between the Company and Ester Industries Ltd. (“Ester”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504678/000165495424005656/0001654954-24-005656-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.