Ester Industries and Loop Industries to form a joint venture.

Ester Industries, a chemical industry company, and Loop Industries, a clean technology company, agreed to form a joint venture. Financial terms were not disclosed. “Our partnership with Ester reflects a strategic alignment built on our shared values of sustainability and innovation and combines both companies’ areas of expertise. The specialty chemicals market offers a unique opportunity to expand the reach of our Infinite Loop technology beyond PET and Polyester fiber and provides our customers with a sustainability linked advantage in the specialty chemicals market. Customer demand for rDMT, rMEG and specialty polymers produced using our technology is robust due to very limited viable options available in the marketplace today," Daniel Solomita, Loop Founder and CEO.