Ester Loop Infinite Technologies (ELITe JV) secures multi-year LOI with global sports brand for up to 15,000 MT/year

M&A / JV 12 Aug 2026 · Announced· ✓ Verified

ELITe (Ester Loop Infinite Technologies Private Limited) is a 50:50 joint venture between Ester Industries and Loop Infinite Technologies, focused on sustainable / circular materials for global brands. The LOI commits the unnamed global sports brand to off-take of up to 15,000 metric tonnes per year over multiple years - a material volume commitment that establishes recurring revenue and supply-chain credibility. The announcement does not disclose contract value, but the tonnage and multi-year tenure suggest a material revenue driver for the JV and validation of Ester's pivot into higher-margin, ESG-aligned polymer recycling and circular solutions.

Why it mattersThe JV structure (50:50 co-ownership) allows Ester to ring-fence IP and operational risk in a dedicated circular-economy platform while retaining strategic control; the multi-year LOI triggers supply-chain resilience and ESG credibility in global consumer goods procurement - a potential precedent for Indian mid-cap manufacturers anchoring sustainability-linked offtake agreements.
Counsel—
SectorConsumer & Retail
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