Origin Materials Releases Process Overview Video to Demonstrate Carbon Negative Technology Platform
October 04 2021 - 7:00AM
Business Wire
An Inside Look at Origin Materials’ Patented
Breakthrough Technology
Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ:
ORGN, ORGNW), the world’s leading carbon negative materials
company, today announced the release of its process overview video
demonstrating the Company’s carbon negative technology
platform.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211004005279/en/
The video is embedded into this press release above and is also
available on Origin’s Investor Relations site:
https://investors.originmaterials.com/
“We’re excited to provide an inside look at our technology and
process for turning the carbon found in non-food biomass into
useful materials, while capturing carbon in the process,” said John
Bissell, Co-Founder and Co-CEO of Origin Materials. “In this video,
we aim to demonstrate how our patented breakthrough technology
platform will drive our mission of enabling the world’s transition
to sustainable materials. We want anyone interested in Origin to be
able to see our process and facility, no matter where they are in
the world. Our proven technology platform is ready to scale and we
are now building our first commercial-scale plant in Sarnia,
Ontario.”
The Company continues to expect the construction of Origin 1
manufacturing plant to be completed before the end of 2022, with
commissioning and production at the plant beginning immediately
thereafter. As of June 30, 2021, installation of most foundations
for building and process areas was significantly underway and on
track for timely Origin 1 mechanical completion. In addition,
Origin has also completed fabrication of the modules that contain
all the equipment used for the conversion of biomass feedstock into
high value chemicals. By the end of 2021, Origin expects the
modules to be lifted and erected, roughly four months ahead of
original schedule. Origin continues to expect the construction of
Origin 2 manufacturing plant will be complete by the middle of
2025.
About Origin Materials Headquartered in West Sacramento,
Origin Materials is the world's leading carbon negative materials
company. Origin’s mission is to enable the world’s transition to
sustainable materials. Over the past 10 years, Origin has developed
a platform for turning the carbon found in inexpensive, plentiful,
non-food biomass such as sustainable wood residues into useful
materials while capturing carbon in the process. Origin’s patented
technology platform can help revolutionize the production of a wide
range of end products, including clothing, textiles, plastics,
packaging, car parts, tires, carpeting, toys, and more with a ~$1
trillion addressable market. In addition, Origin’s technology
platform is expected to provide stable pricing largely decoupled
from the petroleum supply chain, which is exposed to more
volatility than supply chains based on sustainable wood residues.
Origin’s patented drop-in core technology, economics and carbon
impact are supported by a growing list of major global customers
and investors. For more information, visit
www.originmaterials.com.
Cautionary Note on Forward-Looking Statements This press
release contains certain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
generally are accompanied by words such as “believe,” “may,”
“will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,”
“should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,”
“future,” “outlook,” and similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding Origin Materials’ business
strategy, estimated total addressable market and ability to
complete the construction of Origin 1 and Origin 2 manufacturing
plants on the proposed timelines. These statements are based on
various assumptions, whether or not identified in this press
release, and on the current expectations of the management of
Origin Materials and are not predictions of actual performance.
These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as, and must not be
relied on as, a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Origin Materials. These forward-looking
statements are subject to a number of risks and uncertainties,
including that Origin Materials may be unable to successfully
commercialize its products; the effects of competition on Origin
Materials’ business; disruptions and other impacts to Origin
Materials’ business as a result of the COVID-19 pandemic and other
global health or economic crises; and those factors discussed in
the Origin Materials quarterly report on Form 10-Q filed with the
SEC on August 16, 2021 under the heading “Risk Factors,” and other
documents Origin Materials has filed, or will file, with the SEC.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that Origin Materials presently does not know, or
that Origin Materials currently believes are immaterial, that could
also cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Origin Materials’ expectations, plans, or forecasts of
future events and views as of the date of this press release.
Origin Materials anticipates that subsequent events and
developments will cause its assessments to change. However, while
Origin Materials may elect to update these forward-looking
statements at some point in the future, Origin Materials
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing Origin Materials’ assessments of any date subsequent
to the date of this press release. Accordingly, undue reliance
should not be placed upon the forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211004005279/en/
Origin Materials Investors: ir@originmaterials.com
Media: media@originmaterials.com
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