Origin Materials Inc Stock Price, News & Analysis

Origin Materials, Inc. (Nasdaq: ORGN, ORGNW) has successfully completed the installation of key production modules at Origin 1, six months ahead of schedule. Customer demand is strong, with contracted offtake agreements and capacity reservations increasing to $4.2 billion, a more than 300% surge since going public. Financial results for Q3 2021 show a net income of $27.9 million compared to a net loss of $(3.1) million the prior year. The company maintains an Adjusted EBITDA loss guidance of up to $25 million and expects capital spending around $45 million.

Origin Materials (NASDAQ: ORGN, ORGNW) has announced a strategic partnership with Kolon Industries to develop sustainable, carbon-negative materials, particularly novel polymers for automotive applications. As part of a multi-year capacity reservation agreement, Kolon will purchase these materials, leveraging Origin's patented technology and Kolon's expertise in polymerization. The partnership aims to commercialize polyethylene furanoate (PEF), which offers better performance characteristics compared to traditional materials. This collaboration is expected to promote sustainable innovation and create profitable opportunities.

Origin Materials, a leader in carbon negative materials, announced that it has successfully installed all key production modules for its first manufacturing plant, Origin 1, six months ahead of schedule. This milestone was achieved in October 2021. Construction is proceeding on budget and is expected to be completed by the end of 2022. The company plans to provide additional updates during its upcoming earnings call on November 11, 2021.

Origin Materials is set to announce its third quarter 2021 results on November 11, 2021, post market close. A conference call will follow at 5:00 p.m. Eastern Time. Investors can access the live call via the company's Investor Relations webpage. The replay will be available until November 25, 2021, with access details provided. Origin Materials leads the way in carbon-negative materials, focusing on sustainable alternatives and boasting a potential $1 trillion market.

Origin Materials (NASDAQ: ORGN, ORGNW), a leader in carbon negative materials, announced that Co-Founder and Co-CEO John Bissell will speak at the Renewable Chemicals & Biomaterials Summit, part of the Advanced Bioeconomy Leadership Conference (ABLC) on October 28, 2021, at 3:15 PM PT in San Francisco. Origin Materials aims to transition the world to sustainable materials by converting non-food biomass into useful products, targeting a market worth approximately $1 trillion.

Origin Materials (NASDAQ: ORGN, ORGNW) has released a video showcasing its patented carbon negative technology platform. This technology enables the conversion of non-food biomass into useful materials while capturing carbon. The company is building its first commercial plant in Sarnia, Ontario, with construction of the Origin 1 plant expected to finish by the end of 2022, four months ahead of schedule. They also anticipate completing the Origin 2 plant by mid-2025. This technology addresses a $1 trillion market, providing stable pricing largely decoupled from petroleum.

Origin Materials, a leader in carbon-negative materials, has joined the Alliance to End Plastic Waste, a global initiative aimed at reducing plastic waste. This partnership will leverage Origin’s patented technology to create sustainable materials from wood residues, potentially addressing a market worth ~$1 trillion. Origin’s carbon-negative PET aims to mitigate climate change impacts associated with fossil-based plastics, while maintaining recyclability. The collaboration enhances their mission to drive innovation and promote a circular plastic economy amidst growing environmental concerns.

Origin Materials, the leader in carbon-negative materials, announced that Co-Founder and Co-CEO John Bissell will speak at the Wood Mackenzie Chemicals and Polymers Conference on September 15, 2021. The virtual panel, titled "A sustainable present: how are corporate targets and legislation driving change in polymer value chains today?" will cover sustainability in polymer value chains, focusing on technologies, sectors, and bottlenecks. With a mission to transform biomass into sustainable materials, Origin aims to capture carbon and create a $1 trillion addressable market.