Origin Materials Inc Stock Price, News & Analysis

Origin Materials, Inc. (NASDAQ: ORGN, ORGNW) announces its inclusion in the small-cap Russell 2000® and the broad-market Russell 3000® Indexes, effective June 27, 2022. This milestone reflects the company's ongoing execution and enhances its visibility in the investment community. Origin materials focuses on sustainable carbon-negative solutions, turning biomass into valuable materials, and has a potential addressable market of approximately $1 trillion. Membership in these indexes will aid Origin in expanding its reach amid rising demand for sustainable materials.

Origin Materials has entered a multi-year capacity reservation agreement with Kuraray to provide sustainable carbon negative materials for polymer applications. This strategic partnership aims to enhance Kuraray’s commitment to sustainability while enabling Origin to leverage its patented technology, which transforms carbon from sustainable wood residues into valuable materials. The agreement supports the transition to sustainable materials and aims to reduce greenhouse gas emissions across various industries.

Origin Materials has achieved the USDA Certified Biobased Product label for its furandicarboxylic acid (FDCA), purified terephthalic acid (PTA), and para-xylene (pX), confirming they are expected to be 100% biobased at full commercial capacity. This certification allows Origin to partake in mandatory federal purchases, highlighting their commitment to sustainable materials. The company aims to revolutionize materials production using non-food biomass while capturing carbon, tapping into a market valued at approximately $1 trillion.

Origin Materials, a leader in carbon-negative materials, announced participation in two upcoming virtual investor conferences. The company will attend the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022, and the Cowen 2nd Annual Sustainability & Energy Transition Summit on June 7-8, 2022. Co-CEO Rich Riley will present at these events, highlighting Origin's mission to drive the shift to sustainable materials. Investors can access further details through the company’s Investor Relations website.

Origin Materials, a leading carbon negative materials company, will participate in the Morgan Stanley 7th Annual Sustainable Futures Conference on May 23-25, 2022. Co-CEOs John Bissell and Rich Riley will engage with institutional investors, with Riley participating in a fireside chat on May 24 at 9:30am EDT. Origin focuses on sustainable materials derived from biomass, aiming to capitalize on a $1 trillion market. The company’s innovative technology enables them to produce various eco-friendly products, reducing reliance on volatile petroleum supply chains.

Origin Materials reported a significant increase in contracted offtake agreements, now totaling $7.4 billion, driven by strong customer demand and new partnerships with LVMH and Mitsubishi Chemical. The company is on track to complete Origin 1 by the end of 2022, although the capital budget for this project has risen by $15 to $20 million due to inflation and supply chain challenges. The 2022 Adjusted EBITDA forecast remains unchanged at a loss of $36 million, and capital expenditures are updated to $175 million.

Origin Materials has partnered with Mitsubishi Chemical Holdings Group to develop sustainable materials that replace carbon black in tire manufacturing. Utilizing Origin's patented technology, the collaboration aims to create high-performance analogs of specialty carbon black from hydrothermal carbon. This strategic agreement is significant, as the global carbon black market is projected to reach $26 billion by 2025, with tires being a major consumer. The partnership emphasizes both companies' commitment to reducing carbon emissions in the automotive industry.

Origin Materials, a leader in carbon negative materials, announced participation in two investor conferences in New York. The Fermium Research Chemicals Conference will take place on May 2-3, 2022, with co-CEOs John Bissell and Rich Riley meeting institutional investors on May 3. Additionally, they will participate in a fireside chat at the Wells Fargo Industrials Conference on May 4 at 9:20 AM EDT. Origin aims to drive the transition to sustainable materials and has a significant addressable market worth approximately $1 trillion.