The rPET Boom Just Got Its First Crack. India's Biggest Chemical Recycling Plant Has Been Cut by a Third Before a Single Brick Was Laid.
On 15 October 2026, Loop Industries told investors it had shrunk the planned capacity of India's first large-scale PET depolymerisation plant from 70,000 to 45,000 tonnes a year, a 36% cut. Construction has not started. The company's board has formed a committee to weigh a sale. Mechanical recyclers are running ahead, but they cannot eat the coloured, contaminated PET that chemical recycling was supposed to handle. That waste stream just lost its most visible exit.
