Origin Materials, Inc. Continues to Expect the Construction of Origin 1 Manufacturing Plant to Be Completed Before the End of 2022 and the Construction of Origin 2 Manufacturing Plant Will Be Complete by the Middle of 2025
October 04, 2021 at 04:30 pm IST
Share
Origin Materials, Inc. 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.
Origin Materials, Inc. is a carbon negative materials company. The Company is specializing in technology that has the potential to replace petroleum-based materials with decarbonized materials in a range of end products, including food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments and fuels. It has also developed other products that can enhance sustainability, such as its 100% polyethylene terephthalate (PET) circular caps and closures that can enable fully-recyclable PET containers and reduce waste through light-weighting, while providing performance such as greater oxygen and carbon dioxide (CO2) barrier properties that can increase shelf-life. The Company has developed a biomass conversion technology to convert biomass, or plant-based carbon, into the versatile building block chemicals chloromethylfurfural (CMF) and hydrothermal carbon (HTC), as well as other oils and extractives and other co-products.
Origin Materials, Inc. Continues to Expect the Construction of Origin 1 Manufacturing Plant to Be Completed Before the End of 2022 and the Construction of Origin 2 Manufacturing Plant Will Be Complete by the Middle of 2025