World’s leading carbon-negative materials
company joins Merck, Amgen, and other winners
The U.S. Environmental Protection Agency (EPA) has awarded
Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ:
ORGN, ORGNW), the world’s leading carbon negative materials company
with a mission to enable the world’s transition to sustainable
materials, in partnership with Professor Mark Mascal of the
University of California, Davis (“UC Davis”), its prestigious Green
Chemistry Challenge Award in the category of Specific Environmental
Benefit – Climate Change. Origin Materials and UC Davis together
were one of just five 2022 Green Chemistry Challenge Award winners
who were honored at a ceremony at the annual American Chemical
Society Green Chemistry & Engineering Conference that is taking
place in Reston, Virginia from June 6-8, 2022.
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The award recognizes the technology behind Origin’s patented
platform for turning the carbon found in sustainable wood residues
into useful materials for a wide range of end products, including
clothing, textiles, plastics, packaging, car parts, tires,
carpeting, toys, and more, while capturing carbon in the process.
At commercial scale, this novel chemistry is expected to produce
sustainable and recyclable carbon negative materials at a fraction
of the cost of other bio-based technologies, making “net zero”
possible and helping customers in a wide range of industries to
meet their ESG and decarbonization goals.
Origin Co-founder & Co-CEO John Bissell and Co-founder &
CTO Ryan Smith began collaborating with Professor Mascal while
earning degrees in Chemical Engineering at UC Davis over a decade
ago.
“Origin’s vision is a world where carbon-negative products and
materials are the rule, not the exception, and our technology was
built around converting low-cost, non-food, and sustainable
feedstock into decarbonized, supply chain ready materials,” said
Origin Materials Co-CEO John Bissell. “We are honored to earn the
EPA Green Chemistry Challenge Award in partnership with Professor
Mascal and the University of California, Davis, as we deploy our
platform technology to make ‘net zero’ a reality for a growing
number of customers and partners around the world.”
“Tackling environmental challenges like climate change and the
disproportionate impact of pollution in communities with
environmental justice concerns is going to take creative and
innovation solutions – and sustainable, green chemistry is a
critical part of that,” said EPA Office of Chemical Safety and
Pollution Prevention Deputy Assistant Administrator Jennie Romer.
“Preventing waste, reducing energy use, and avoiding hazardous
chemicals, all of which we’re recognizing with our awards today,
demonstrate the power and potential green chemistry has to protect
human health and the environment while providing benefits to
businesses and our economy.”
The EPA recognizes green chemistry as the design of chemical
products and processes that reduce or eliminate the generation and
use of hazardous substances. This year’s winners have developed new
and innovative green chemistry technologies that provide solutions
to significant environmental challenges, and spur innovation and
economic development.
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. For
over a decade, 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.
About EPA’s Green Chemistry Challenge Awards
Since the inception of the awards more than a quarter century
ago, EPA and the American Chemical Society, which co-sponsor the
awards, have received more than 1,800 nominations and presented
awards to 133 technologies that decrease hazardous chemicals and
resources, reduce costs, protect public health, and spur economic
growth. Winning technologies are responsible for annually reducing
the use or generation of hundreds of millions of pounds of
hazardous chemicals and saving billions of gallons of water and
trillions of British thermal units (BTUs) in energy.
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 realize the anticipated benefits of the Alliance and
partner with others to build a circular global plastic value chain.
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 Quarterly Report on Form 10-Q filed with the SEC on May 9,
2022 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.
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