Origin Materials Announces New Partnership with Alliance to End Plastic Waste
Origin Materials, a leader in carbon-negative materials, has joined the Alliance to End Plastic Waste, a global initiative aimed at reducing plastic waste. This partnership will leverage Origin’s patented technology to create sustainable materials from wood residues, potentially addressing a market worth ~$1 trillion. Origin’s carbon-negative PET aims to mitigate climate change impacts associated with fossil-based plastics, while maintaining recyclability. The collaboration enhances their mission to drive innovation and promote a circular plastic economy amidst growing environmental concerns.
- Joined the Alliance to End Plastic Waste to enhance sustainability efforts.
- Potentially addresses a $1 trillion market by providing sustainable materials.
- Carbon-negative PET technology could reduce greenhouse gas emissions significantly.
- Partnership with industry leaders may accelerate innovation in plastic waste solutions.
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Origin’s fully recyclable carbon negative PET to drive innovation and build a sustainable and circular global plastic value chain
Members of the Alliance include industry leaders across the plastics value chain, working towards a common goal of developing, deploying and scaling solutions to end plastic waste in the environment. As a member of the Alliance, Origin will work with fellow members to drive innovation and build a sustainable and circular global plastic value chain. The modern world is built on advanced materials like plastics which are high performance, light weight and cost effective. Since plastics are widely used for their functional advantages, companies are aggressively seeking net zero or low carbon sustainable solutions to fossil-based plastics.
The partnership builds on Origin’s ability to leverage its patented technology platform, which turns inexpensive, sustainable wood residues into carbon-negative materials, to decarbonize and mitigate the climate impact of the global plastic supply chain. Origin’s technology has broad implications for a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a
Origin’s carbon negative PET is being commercialized to reduce the carbon footprint and climate impact of plastic materials. An analysis by the
Many of today's clothing, carpets, automotive parts, and other products are made from plastics and additional chemicals derived from fossil fuels. During petroleum extraction and processing, greenhouse gases are released into the atmosphere, contributing to global warming and climate change. Origin’s sustainable carbon-negative PET is physically and chemically identical to fossil-based PET. Since Origin PET is produced using sustainable wood residues instead of fossil fuel as feedstock, it has the potential to substantially reduce the energy used and greenhouse gases generated in the process. Additionally, compared with fossil-based PET, Origin PET is equally recyclable within the existing infrastructure, which is critical to creating a circular economy with a significantly reduced carbon footprint.
“Stakeholders across the manufacturing sector and end product markets recognize that to create a sustainable, circular economy, we must aggressively decarbonize the global plastics supply chain to mitigate the climate impact of plastic,” said
About the Alliance to End
The Alliance to End
Tackling plastic waste is a complex challenge that requires collective action. Since 2019, the Alliance has convened a global network of industry leaders across the plastics value chain, together with government, civil society, entrepreneurs, and communities to work towards advancing a circular economy for plastic waste. For more information, visit: www.endplasticwaste.org
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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 and ability to realize the anticipated benefits of the Alliance and partner with others to build a circular global plastic value chain. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of
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