Novoloop announced the successful startup of its pilot plant in India. In collaboration with Aether Industries, a publicly-listed specialty chemicals manufacturer, the pilot plant's ground breaking in Surat was announced in January 2024. Construction was completed in March 2024 with astounding speed.

The pilot plant has now passed equipment testing and solvent runs, and has achieved continuous operations with the usage of commercially-representative waste feedstock. This milestone marks the successful transition from batch reactions to an integrated and automated plant that validates Novoloop's Lifecycling technology. Novoloop's Lifecycling process transforms post-consumer polyethylene plastic waste into virgin-quality monomers for performance materials at a carbon footprint reduction of up to 91% when compared to the conventional process of producing adipic acid.

Novoloop is a mission-driven company focused on creating scalable solutions for the hardest-to- recycle plastics. In recognition of the company's potential for world-scale environmental impact, this pilot scaleup has received the support of Rolex as part of its Perpetual Planet Initiative. The primary objectives of the pilot plant are to demonstrate the safe and reliable operations of the integrated process, validate key equipment performance in an industrial environment, and achieve production of high purity products.

The facility also provides a platform for training personnel and developing protocols for commercial operations. The plant will produce ton-scale samples to enable off-take commitments with early customers. Aether's operational expertise is a strong asset and instills confidence in the potential for larger- scale collaborations between the companies in the future.

Novoloop's plans to expand the pilot capacity to the full 70 metric tons per year demonstration plant scale are already underway.