Origin Materials Inc Stock Price, News & Analysis

Origin Materials has formed a strategic partnership with LVMH Beauty, signing a multi-year capacity reservation agreement for sustainable carbon-negative PET materials aimed at the perfumes and cosmetics industry. Origin's PET, made from sustainable wood residues, significantly reduces carbon footprints while maintaining recyclability similar to traditional petroleum-based PET. The collaboration aims to aid LVMH's sustainability goals and enhance product offerings. Origin, a leader in carbon-negative materials, sees this partnership as instrumental in promoting eco-friendly packaging across various luxury brands.

Origin Materials (NASDAQ: ORGN, ORGNW) has announced its participation in two significant conferences: the Advanced Bioeconomy Leadership ABLC2022 Conference in Washington, DC, from March 16-18, 2022, and the Goldman Sachs Chemical Intensity Days Conference in Houston, TX, on March 21-22, 2022. Co-Founder and Co-CEO John Bissell will discuss renewable materials at the ABLC Conference on March 17 and both Co-CEOs will join a panel on bio-plastics in Houston on March 22. For more details, visit Origin's Investor Relations site.

Origin Materials, a leader in carbon negative materials, announced participation in three upcoming investor conferences in March 2022. Co-Founder and Co-CEO John Bissell will discuss 'New Sustainability Technologies' at the BofA Securities Global Agriculture & Materials Conference on March 2 at 4:30pm EST. Co-CEO Rich Riley will present at the Raymond James 43rd Annual Institutional Investors Conference on March 7 at 2:50pm EST. Both CEOs will speak at the HSBC Build with Bio Conference on March 9 at 10:30am EST.

Origin Materials, Inc. (Nasdaq: ORGN, ORGNW) has selected Geismar, Louisiana for its Origin 2 facility, contingent upon finalizing state and local incentives exceeding $100 million and a $400 million Private Activity Bond allocation. The company reports a total of $5.6 billion in contracted offtake agreements, up from $4.2 billion. Although maintaining strong demand, Origin reaffirms an adjusted EBITDA loss forecast for 2022 of $36 million. Operating expenses rose to $26.9 million in 2021, contrasting with a net income of $42.1 million, driven by previous funding rounds and partnerships.

Origin Materials has chosen Geismar, Louisiana, to build its first world-scale manufacturing facility, Origin 2, pending economic incentives. This facility aims to produce carbon-negative materials for PET plastics and hydrothermal carbon, utilizing sustainable wood residues. It is expected to create 500 construction jobs, 200 permanent positions, and potentially up to 1,000 indirect jobs, with a target operational date of mid-2025. The incentive package is projected to exceed $100 million, alongside a $400 million Private Activity Bond allocation.

Origin Materials, a leading carbon negative materials company, announced participation in two upcoming investor conferences. Co-CEOs John Bissell and Rich Riley will present at the Baird 2022 Sustainability Conference on February 22 and at the Deutsche Bank dbAccess Global ESG Conference on March 1. Origin aims to enable the transition to sustainable materials, focusing on converting biomass into useful products while capturing carbon. The company targets a market worth approximately $1 trillion, emphasizing its technology's potential to stabilize pricing against petroleum's volatility.

Origin Materials and Minafin Group have entered a strategic partnership to develop specialty chemicals from Origin's carbon-negative materials. This collaboration spans various industries, including pharmaceuticals and automotive, and aims to enhance the market for Pennakem's biobased products. The partnership seeks to commercialize innovative extraction processes and promises improved competitiveness and supply reliability. Both companies view this alliance as a significant step towards their goals of transitioning to sustainable materials, benefiting their technology and market reach.

Origin Materials will release its fourth quarter 2021 results after market close on February 24, 2022. This will be followed by a conference call at 5:00 p.m. Eastern Time. Investors can access the call via the company’s website or by phone at 1-855-327-6837 (domestic) or +1-631-891-4304 (international). A replay will be available until March 10, 2022. Origin focuses on sustainable materials and has developed a technology platform converting biomass into various products with a potential addressable market of approximately $1 trillion.