ATC Plastics has agreed to purchase sustainable
carbon-negative carbon black from Origin Materials for use in
various plastic manufacturing processes
Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ:
ORGN, ORGNW), the world’s leading carbon negative materials
company, and ATC Plastics LLC (“ATC Plastics”), a leading global
manufacturer of black color concentrates, today announced a
strategic partnership to bring sustainable carbon-negative carbon
black made using Origin Materials’ patented technology platform to
the plastics Industry.
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As part of the partnership, ATC Plastics has agreed to purchase
Origin’s sustainable carbon black. Origin’s carbon black, made from
Origin’s HTC, is a versatile, 100% bio-content filler and pigment.
Like traditional petroleum-based carbon black, it can be used in a
wide range of applications including belts and hoses, mechanical
rubber goods, tires, plastic masterbatch, and toners.
The partnership will target applications like plastic
masterbatch, an additive used to color plastic, for corrugated pipe
and plastic manufacturing processes such as blow molding, injection
molding, pipe extrusion, compounding, plastic film and sheet, and
rotational molding. The agreement between Origin and ATC Plastics
includes co-development of carbon black for plastic corrugated
pipe, plastic extrusion, and molding applications.
Origin’s carbon black is produced from sustainable wood residues
rather than petroleum, reducing carbon emissions and fossil
resource consumption and enabling the production of carbon-negative
products.
The global market for carbon black is projected to reach $26
billion by 2025, expanding at 6% CAGR, according to Grand View
Research, Inc. Plastics is anticipated to be the fastest-growing
application for carbon black from 2019 to 2025 resulting from its
use in the production of high-performance products.
“We are thrilled to partner with ATC Plastics, a trusted partner
and distributor to global brands with a strong track record of
manufacturing excellence,” said Rich Riley, Co-CEO of Origin
Materials. “ATC Plastics’ manufacturing capabilities and expansive
customer network can enable broad adoption of Origin’s patented
technology platform and help drive the ‘once in a planet’ shift to
sustainable materials, including renewable carbon black across the
plastic compounding industry.”
“ATC Plastics is excited to work closely with Origin Materials
in the development of a sustainable and renewable carbon black
option,” said Tom Stevning, Managing Partner at ATC Plastics LLC.
“The industry is ready for something like this and it comes at an
opportune time when carbon black is in very tight supply.”
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 ATC Plastics ATC Plastics is a large producer of
black color concentrate for use in many plastic applications. With
a very large plant running multiple lines and over fifty silos
located in Houston, Texas, ATC Plastics is able to supply products
globally into a variety of markets.
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, our ability to
develop additional high-value products beyond our core CMF platform
and ability to realize the anticipated benefits of the partnership
discussed in the press release. 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; changes in customer demand; 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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Origin Materials Investors: ir@originmaterials.com
Media: media@originmaterials.com
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