Loop Industries entered into definitive agreements for its India-based joint venture, ELITe, with Ester Industries effective February 4, 2026. Loop granted ELITE a perpetual license to use its Infinite Loop™ technology to produce recycled dimethyl terephthalate (rDMT) and recycled mono-ethylene glycol (rMEG). In return, Loop receives tiered royalties based on annual net sales, with minimum and maximum payment thresholds applying once sales exceed $500 million. Additionally, Loop serves as ELITE's exclusive marketing representative for a fee structure similar to the royalty tiers. Ester provides operational services to ELITE under a separate agreement. This strategic expansion allows Loop to monetize its proprietary depolymerization technology in international markets through licensing and service fees. The company operates in the environmental technology sector, specializing in plastic recycling solutions.
