Welcome to our dedicated page for Origin Materials news (Ticker: ORGN), a resource for investors and traders seeking the latest updates and insights on Origin Materials stock.
Origin Materials, Inc. (symbol: ORGN) is an innovative materials company headquartered in Sacramento, California. Origin tackles challenging problems in the material sciences industry, focusing on the needs of the world’s leading companies. The firm utilizes its proprietary technology to produce bio-based intermediates from lignocellulosic, or second-generation, raw materials. This cutting-edge process transforms biomass carbon into valuable materials, eliminating the reliance on fossil resources and capturing carbon in the process.
Origin's product portfolio includes PET circular caps and closures, Para-xylene, carbon black, and Levulinic acid, among others. These intermediates are pivotal in creating new polymers, surfactants, and differentiated carbon blacks. Each product is designed to offer superior performance and sustainability.
Financially, Origin Materials is committed to maintaining a robust and transparent financial condition, ensuring that investors are well-informed about the company’s progress and stability. The company actively engages in partnerships and projects that align with its mission of creating a more sustainable future. Origin’s approach not only addresses environmental concerns but also provides economically viable solutions for industrial applications.
Recent achievements include significant advancements in their bio-based technology and expanding their production capabilities. These milestones underscore Origin’s commitment to innovation and sustainability in the materials sector.
For investors and stakeholders, staying updated with Origin Materials’ latest developments, financial performance, and strategic initiatives is crucial. The company regularly shares news and updates to keep its investors informed about ongoing projects and future prospects.
Origin Materials (NASDAQ: ORGN, ORGNW) has released a video showcasing its patented carbon negative technology platform. This technology enables the conversion of non-food biomass into useful materials while capturing carbon. The company is building its first commercial plant in Sarnia, Ontario, with construction of the Origin 1 plant expected to finish by the end of 2022, four months ahead of schedule. They also anticipate completing the Origin 2 plant by mid-2025. This technology addresses a $1 trillion market, providing stable pricing largely decoupled from petroleum.
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.
Origin Materials, the leader in carbon-negative materials, announced that Co-Founder and Co-CEO John Bissell will speak at the Wood Mackenzie Chemicals and Polymers Conference on September 15, 2021. The virtual panel, titled "A sustainable present: how are corporate targets and legislation driving change in polymer value chains today?" will cover sustainability in polymer value chains, focusing on technologies, sectors, and bottlenecks. With a mission to transform biomass into sustainable materials, Origin aims to capture carbon and create a $1 trillion addressable market.
Origin Materials, the world’s leading carbon negative materials company, will participate in the Credit Suisse 34th Annual Basic Materials Conference on September 14, 2021. The company, listed on NASDAQ as ORGN and ORGNW, focuses on transforming sustainable biomass into various materials, capturing carbon in the process. Their technology supports a $1 trillion market for products including textiles, plastics, and packaging. Investors can access the presentation replay via the Company’s Investor Relations website.
Origin Materials, a leader in carbon negative materials, announced its participation in the Credit Suisse 34th Annual Basic Materials Conference on September 14, 2021. This event highlights Origin's mission to drive the transition to sustainable materials, leveraging its patented technology to convert biomass into valuable products. With an addressable market of approximately $1 trillion, Origin aims to stabilize pricing through sustainable practices, distancing itself from volatile petroleum supply chains. Interested parties can view the presentation replay on the Company's Investor Relations website.
Origin Materials (Nasdaq: ORGN, ORGNW), the leading carbon negative materials company, will participate in the Raymond James 2021 Diversified Industrials Conference on August 24, 2021. The company aims to enable a transition to sustainable materials using its unique technology to convert non-food biomass into valuable products while capturing carbon. Origin's addressable market is approximately $1 trillion, with potential applications across various industries like clothing, textiles, plastics, and more. Interested parties can view the presentation replay on the company's Investor Relations website.
Origin Materials (Nasdaq: ORGN) reported strong second quarter results for 2021, achieving a net income of $62.5 million compared to a net loss of $1.7 million in the previous year. Cash and marketable securities stood at $471 million. The company expanded its customer base, increasing offtake agreements from $1 billion to $3.5 billion. Construction of Origin 1 is on track for late 2022 completion, while Origin 2 is expected to be finished by mid-2025. Operating expenses were $6.7 million, up from $1.7 million a year prior, with an adjusted EBITDA loss of $3 million.
Origin Materials (NASDAQ: ORGN) has received the USDA Certified Biobased Product label for its products, chloromethyl furfural (CMF) and hydrothermal carbon (HTC). This certification allows the products to display their biobased content, contributing to sustainable material usage and reducing dependence on petroleum-based chemicals. With federal purchasing eligibility, Origin positions itself as a preferred biobased materials supplier. The USDA BioPreferred Program aims to increase market development for biobased products, promoting economic growth and environmental sustainability.
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