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Artius Acquisition Inc. (Nasdaq: AACQU, AACQ, AACQW) plans to finalize its merger with Origin Materials on June 25, 2021, pending shareholder approval at the Extraordinary General Meeting on June 23, 2021. Post-merger, the combined entity will trade under the ticker symbols 'ORGN' and 'ORGNW'. Origin Materials focuses on sustainable, carbon-negative materials, with its first commercial plant operational by late 2022 and expansion plans through 2031. Investors are encouraged to review the definitive proxy statement related to the merger for critical information.
Origin Materials has launched the Net Zero Automotive Program in partnership with Ford Motor Company. This initiative aims to create sustainable materials for the automotive industry, focusing on carbon-negative PET plastic derived from wood residues. With the automotive sector seeking to decarbonize, Origin's technology presents an opportunity to develop lightweight, fuel-efficient vehicles. Expected benefits include a stable pricing model less reliant on petroleum. The company's first commercial plant is set to open in 2022, paving the way for growth in various industries with a $1 trillion market potential.
