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Origin Materials has partnered with Mitsubishi Gas Chemical to industrialize and manufacture advanced carbon-negative chemicals and materials. This collaboration includes a joint development agreement, aiming to leverage Mitsubishi's expertise to enhance supply chains across various sectors, including automotive and energy. The market for carbon-negative products is anticipated to grow significantly, with Origin's technology transforming biomass into sustainable materials, and an addressable market reaching ~$1 trillion. The partnership supports Origin's commitment to provide solutions for a net-zero world.
Origin Materials announced a collaboration with Solvay to develop advanced carbon-negative materials for the automotive industry. This partnership includes a multi-year capacity reservation agreement for a specialty polyamide aimed at supporting the decarbonization of automotive supply chains. Origin’s technology turns wood residues into materials, addressing a ~$1 trillion market. The collaboration aligns with the industry's push towards zero-carbon vehicles, helping to stabilize material pricing and promote sustainable practices as Origin prepares for its public listing through the merger with Artius Acquisition.
Origin Materials has reported a 90% increase in customer demand from offtake agreements and capacity reservations, amounting to $1.9 billion. This growth follows its business combination agreement with Artius Acquisition Inc. The company has secured partnerships with notable firms like PrimaLoft and Solvay for developing carbon-negative materials. Additionally, two experienced professionals, Benno Dorer and Kathleen Fish, will join the Board of Directors post-combination. Origin's first commercial plant is anticipated to start operations in 2022, with plans for further expansions by 2025.
Origin Materials and PrimaLoft have formed a strategic alliance to develop carbon-negative, high-performance insulating fibers. These innovative materials will cater to diverse products for outdoor, fashion, and home goods sectors. This partnership capitalizes on PrimaLoft's extensive network of over 900 global brand partners and aims to create fibers derived from carbon-negative PET and next-generation polymers. Origin Materials utilizes sustainable wood residues to create these materials, addressing a potential ~$1 trillion market while aiming for stable pricing decoupled from volatile petroleum supply chains.
Origin Materials, a carbon-negative materials company, partners with Packaging Matters to develop advanced packaging solutions, including polyethylene furanoate (PEF). This collaboration aims to commercialize PEF, leveraging Origin's technology to produce sustainable carbon-negative PET initially, transitioning to PEF over time. PEF offers better performance and is recyclable, aligning with decarbonization efforts. Origin anticipates this partnership will facilitate the creation of innovative packaging solutions and stabilize pricing, reducing reliance on petroleum.
Origin Materials has strengthened its technical team with the addition of Jim Wells, Dr. Ben Freireich, and Dr. Madhu Anand. These new hires will enhance the company's capabilities in leveraging its patented carbon negative technology to innovate across various industries with a potential market size of approximately $1 trillion. CEO John Bissell highlighted their extensive experience in chemical engineering and processing, which is vital for driving the company’s innovation pipeline and delivering sustainable solutions. Origin Materials aims to operationalize its first plant in 2022 and a second by 2025.
Origin Materials and AECI Much Asphalt have announced a partnership to develop low-carbon asphalt using Origin's carbon-negative technology. This initiative aims to create sustainable asphalt solutions globally and capitalize on AECI's extensive market presence in Africa. Origin Materials transforms sustainable wood residues into carbon-negative materials, targeting a $1 trillion market. With a strong focus on innovation, both companies aim to significantly reduce carbon emissions. The partnership aligns with AECI's sustainability goals for 2025, enhancing economic growth and product sustainability in the African market.
Origin Materials and AECI SANS Technical Fibers have expanded their partnership to develop advanced materials based on Origin's carbon-negative technology. This agreement includes buying carbon-negative PET and polymers for various products, including clothing and automotive applications. SANS aims to convert 80% of PET raw materials to environmentally friendly sources by 2025. Origin's patented technology allows production of materials from sustainable wood residues, expected to disrupt the market, with a potential $1 trillion addressable market. The deal emphasizes sustainability and economic growth in North America.
Origin Materials, a leader in carbon negative materials, has reached a definitive agreement to merge with Artius Acquisition Inc. (Nasdaq: AACQU, AACQ). This merger will lead to Origin becoming a public company under the new ticker symbol 'ORGN.' The transaction implies an equity value of approximately $1.8 billion, with expectations of generating $925 million in gross proceeds. Origin aims to scale its operations in a $1 trillion market for sustainable materials, backed by significant contracts with global corporations such as Danone, Nestlé, and PepsiCo.
