Ester Industries to enter into JV agreement with Loop Industries

Ester Industries Ltd, with a market capitalization of ₹ 1,048 crores, witnessed a 6 % surge in share price during Thursday's trading session. This increase followed the company's announcement of a Joint Venture Agreement with Loop Industries Inc. The collaboration aims to manufacture DMT and/or MEG by depolymerising PET and/or Polyester waste using Loop's patented technology