![]() ![]() It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The plant is expected to be able to convert an estimated 25,000 dry metric tons of biomass each year into products for a wide range of end markets. About Origin Materials (NASDAQ:ORGN) Stock Micromidas, Inc., doing business as Origin Materials, produces and commercializes plant-based PET plastic. These forward-looking statements should not be relied upon as. 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. Origin’s patented technology platform can turn the carbon found in sustainable wood residues into useful materials while capturing carbon in the process. Origin Materials anticipates that subsequent events and developments will cause its assessments to change. HTC can be used in fuel pellets, as activated carbon, and as a replacement for carbon black. (Origin, Origin Materials, or the Company) (Nasdaq: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, today announced financial results for its first quarter ended March 31, 2023. Headquartered in West Sacramento, Origin Materials (Nasdaq: ORGN) is the worlds leading carbon negative materials company. ('Origin' 'Origin Materials'), the world’s leading carbon negative materials company, and Indorama Ventures Public. This commercial-scale plant is anticipated to produce sustainable materials including chloromethylfurfural (CMF), which can subsequently be converted into high-performance products used in packaging, textiles, apparel, automotive, and other applications, as well as hydrothermal carbon (HTC). WEST SACRAMENTO, Calif., & BANGKOK, May 09, 2023-Origin Materials, Inc. Origin 1 is located in Sarnia, Ontario, Canada. ![]() Plant commissioning has started and we anticipate that commissioning will remain on track for completion by the end of Q1 2023, with start-up beginning shortly thereafter. Barring any further unforeseen circumstances, Origin expects the plant to be mechanically complete in January 2023.Īll equipment necessary for completion is onsite and will be installed once current weather conditions subside. 29 announced a construction update on Origin 1, the company’s first commercial manufacturing plant.ĭue to severe weather conditions, the company anticipates a slight delay to its previously disclosed timeline for mechanical completion of Origin 1. Origin Materials Inc., the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, on Dec.
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