Plantweb™ digital ecosystem will help Origin
convert renewable wood residues into chemicals for diverse
applications
Software and technology leader Emerson (NYSE: EMR) today
announced a memorandum of understanding with Origin Materials, Inc.
(“Origin,” “Origin Materials”) (NASDAQ: ORGN), the world’s leading
carbon negative materials company, to provide advanced digital
automation technologies and consulting services for Origin’s first
world-scale manufacturing facility, Origin 2. Emerson has already
supplied automation for Origin’s first commercial facility,
currently under construction in Sarnia, Ontario.
Emerson’s expertise and advanced automation solutions will
enable Origin Materials, based in West Sacramento, California, to
fully automate its pioneering production process at Origin 2. The
plant, to be constructed in Geismar, Louisiana, is expected to
convert about 1 million dry metric tons of wood residues each year
into carbon-negative materials for applications that include
polyethylene terephthalate (PET) plastic and carbon black.
Origin’s platform technology turns the carbon found in
sustainable wood residues into useful carbon-negative materials for
a wide range of end products, including clothing, textiles,
plastics, packaging, car parts, tires, carpeting, and toys,
representing a more than $1-trillion total addressable market.
“We’re excited to partner with Emerson, a company known to
enable operational excellence through advanced digital automation
technology,” said John Bissell, co-chief executive officer of
Origin Materials. “Using intelligent sensors, simulation, and data
analytics modeling software we will drive productivity rates as we
scale our business to meet the tsunami of global demand for
sustainable materials.”
The Origin 2 plant, expected to be operational in 2025, will use
Emerson’s Plantweb digital ecosystem, which includes intelligent
sensors and control valves, production optimization systems,
advanced data analytics software, modeling and simulation
technology, distributed control systems and secure networking.
“Leveraging a digital engineering strategy from the start will
help bring bold, visionary concepts like plant-based plastics to
market faster, helping accelerate the transition to a low-carbon
economy,” said Mark Bulanda, executive president of Emerson’s
Automation Solutions business.
“With new decarbonization technologies, it’s essential to be
able to develop and scale innovative production methods with
minimal risk and the greatest efficiency possible. Our
collaboration with Origin is an exciting step toward realizing the
benefits of net-zero manufacturing for a more sustainable future,”
Bulanda said.
About Emerson
Emerson (NYSE: EMR) is a global technology and software company
providing innovative solutions for the world’s most essential
industries. Emerson is an automation leader that helps process,
hybrid and discrete manufacturers optimize operations, protect
personnel, reduce emissions and achieve their sustainability goals
through its unmatched automation portfolio, including its majority
stake in AspenTech. For more information, visit Emerson.com.
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.
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 Emerson’s or
Origin Materials’ business strategy and estimated total addressable
market. These statements are based on various assumptions, whether
or not identified in this press release, and on the current
expectations of the management of Emerson and 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 Emerson and
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 Emerson’s or Origin Materials’ business;
disruptions and other impacts to Emerson’s or Origin Materials’
business as a result of the COVID-19 pandemic and other global
health or economic crises; and those factors discussed in Origin
Materials’ or Emerson’s Quarterly Reports on Form 10-Q filed with
the SEC and other documents Emerson or 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 Emerson or Origin
Materials presently does not know, or that Emerson or 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 Emerson’s and Origin Materials’ expectations, plans, or
forecasts of future events and views as of the date of this press
release. Emerson and Origin Materials anticipate that subsequent
events and developments will cause their assessments to change.
However, while Emerson or Origin Materials may elect to update
these forward-looking statements at some point in the future,
Emerson and Origin Materials specifically disclaim any obligation
to do so. These forward-looking statements should not be relied
upon as representing Emerson’s or 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.
Additional resources:
- Join the Emerson Exchange 365 Community
- Connect with Emerson via Twitter Facebook LinkedIn YouTube
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version on businesswire.com: https://www.businesswire.com/news/home/20221108005758/en/
Denise Clarke 512.587.5879 Denise.clarke@fleishman.com
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