- A PET recycling plant is planned to be built in Schwarzheide
- Another project in industrial circular economy
- Investor plans to create around 150 jobs
The first European facility for recycling PET plastic waste by the Canadian company Loop Industries is to be built at the Industrial Park Lausitz in Schwarzheide in Germany. Infinite Loop Europe, a joint venture between Loop Industries and the REED – Societe Generale Group, intends to invest a triple‑digit million amount in the new facility. The investor plans to create around 150 jobs.
Jürgen Fuchs, Chairman of the Management Board of the operating company of the Industrial Lausitz, and Antoine Boussard, CEO of Infinite Loop Europe, signed a Memorandum of Understanding (MOU). Operations of the recycling plant are targeted for 2030. The aim is to process PET plastic waste and supply fully recycled PET with virgin grade quality. Infinite Loop Europe regards the Industrial Park Lausitz as a strategic partner in Europe, offering excellent industrial infrastructure and services, a strong commitment to sustainability, access to low‑emission energy and a highly skilled workforce.
“With Infinite Loop Europe’s planned investment in the Industrial Park Lausitz, we are strengthening Brandenburg as a location for innovative recycling technologies and sustainable industrial production. We are also demonstrating that the framework conditions in Brandenburg are right. Projects like this underline that industrial transformation is not only ecologically necessary, but also a clear economic gain for the region,” says Daniel Keller, Minister for Economic Affairs, Labour, Energy and Climate Protection of the State of Brandenburg.
“We are delighted that Infinite Loop Europe has chosen our site. The planned investment is a strong signal and fits perfectly into the strategic development of our portfolio at Industrial Park Lausitz. As the site operator, we see ourselves as an active bridge-builder for a modern, resilient and sustainable circular economy. We are proud to work with Infinite Loop Europe to develop new solutions,” says Jürgen Fuchs, Chairman of the Management Board of BASF InfraService & Solutions Lausitz GmbH, adding: “The circular economy is a key strategic target market for us and highly relevant to the future viability of our site. The planned location decision by Infinite Loop Europe strengthens our existing ecosystem, creates new synergies, and marks an important step in the ongoing development of the Industrial Park Lausitz.”
“Our partnership with the operating company of the Industrial Park Lausitz is an important milestone on the path to building the first PET plastic waste recycling facility in Europe,” says Antoine Boussard, CEO of Infinite Loop Europe.
With a secured, fully serviced site at the Industrial Park Lausitz, the project benefits from a solid technical foundation and powerful services directly on site. With this strategic investment, the company aims to build its European presence and make a central contribution to the sustainable transformation of the plastics industry in Germany and Europe.
“We are pleased to be part of this forward-looking project. Our company prioritizes initiatives that advance circular‑economy solutions on an industrial scale,” says Julien Touati, CEO of the REED – Societe Generale Group.
Sustainability, transparency and long‑term interests are the cornerstones of the business models the company seeks to support.
About BASF InfraService & Solutions Lausitz GmbH
BASF InfraService & Solutions Lausitz GmbH operates the Industrial Park Lausitz in Schwarzheide and employs more than 900 people. The company provides comprehensive site services and highly efficient, industry‑specific infrastructure for businesses in the chemical and industrial sectors. BASF InfraService & Solutions Lausitz GmbH supports its customers with tailored and sustainable solutions, short decision-making paths, and reliable infrastructure management to ensure competitive and future‑oriented operations. For more information, visit
www.industriepark-lausitz.com
About REED – Societe Generale Group
REED – Societe Generale Group is a European investment firm that creates synergies between industrial expertise, technology, and infrastructure projects, and aims to shape European champions of innovative infrastructure in the fields of digital infrastructure, energy, water, and circular economy. Founded by an agile and experienced team with a strong track record in infrastructure and technology and industry backgrounds, REED – Societe Generale Group “build-to-core” approach is unique in Europe to build much-needed bridges between infrastructure and technology sectors, and offering a new, innovative vision of infrastructure investment, paving the way for a new asset class in the investment field. For more information, visit https://www.reed-management.com
About Infinite Loop Europe
Infinite Loop Europe is a joint venture between Loop Industries and REED – Societe Generale Group, established to develop and operate Infinite Loop™ manufacturing facilities across Europe, enabling recycling of PET packaging and polyester textiles into virgin-equivalent materials, at scale. At Infinite Loop Europe, our ambition is to help transform circularity from a fragile concept into a bankable, scalable economic model, one that delivers environmental impact, industrial competitiveness, and long-term value for society. We promote collaboration and bring all value chain stakeholders together to design projects that work for the system, not just one link, we develop long term risk sharing mechanisms, to reduce volatility and restore bankability of recycling assets. Our role as a developer and investor is not only to provide capital, but to advance projects by gradually derisking them through active engagement with all value chain stakeholders. For more information, visit www.loopindustries.com
About Loop Industries
Loop Industries (NASDAQ:LOOP) is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from its dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles packaging and textiles such as carpets and clothing, into its base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ & Twist™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ & Twist™ PET can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future. For more information, visit www.loopindustries.com
Source
Industrial Park Lausitz, press release, 2026-02-12.
Supplier
BASF Schwarzheide GmbH
Industriepark Lausitz
Loop Industries
REED Management
Wirtschaftsförderung Land Brandenburg GmbH (WFBB)
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