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, a leading carbon negative materials company, will participate in the Morgan Stanley 7th Annual Sustainable Futures Conference on May 23-25, 2022. Co-CEOs John Bissell and Rich Riley will engage with institutional investors, with Riley participating in a fireside chat on May 24 at 9:30am EDT. Origin focuses on sustainable materials derived from biomass, aiming to capitalize on a $1 trillion market. The company’s innovative technology enables them to produce various eco-friendly products, reducing reliance on volatile petroleum supply chains.
Origin Materials reported a significant increase in contracted offtake agreements, now totaling $7.4 billion, driven by strong customer demand and new partnerships with LVMH and Mitsubishi Chemical. The company is on track to complete Origin 1 by the end of 2022, although the capital budget for this project has risen by $15 to $20 million due to inflation and supply chain challenges. The 2022 Adjusted EBITDA forecast remains unchanged at a loss of $36 million, and capital expenditures are updated to $175 million.
Origin Materials has partnered with Mitsubishi Chemical Holdings Group to develop sustainable materials that replace carbon black in tire manufacturing. Utilizing Origin's patented technology, the collaboration aims to create high-performance analogs of specialty carbon black from hydrothermal carbon. This strategic agreement is significant, as the global carbon black market is projected to reach $26 billion by 2025, with tires being a major consumer. The partnership emphasizes both companies' commitment to reducing carbon emissions in the automotive industry.
Origin Materials, a leader in carbon negative materials, announced participation in two investor conferences in New York. The Fermium Research Chemicals Conference will take place on May 2-3, 2022, with co-CEOs John Bissell and Rich Riley meeting institutional investors on May 3. Additionally, they will participate in a fireside chat at the Wells Fargo Industrials Conference on May 4 at 9:20 AM EDT. Origin aims to drive the transition to sustainable materials and has a significant addressable market worth approximately $1 trillion.
Origin Materials will announce its Q1 2022 results after market close on May 9, 2022, followed by a conference call at 5:00 p.m. ET. Interested parties can listen to the call via the Company's Investor Relations website. A replay will be available after two hours at specified numbers. Shareholders can submit questions for the call until May 2, 2022, using the hashtag #askorigin. Origin is focused on sustainable materials, utilizing biomass to capture carbon while addressing a market worth approximately $1 trillion.
Origin Materials has formed a strategic partnership with LVMH Beauty, signing a multi-year capacity reservation agreement for sustainable carbon-negative PET materials aimed at the perfumes and cosmetics industry. Origin's PET, made from sustainable wood residues, significantly reduces carbon footprints while maintaining recyclability similar to traditional petroleum-based PET. The collaboration aims to aid LVMH's sustainability goals and enhance product offerings. Origin, a leader in carbon-negative materials, sees this partnership as instrumental in promoting eco-friendly packaging across various luxury brands.
Origin Materials (NASDAQ: ORGN, ORGNW) has announced its participation in two significant conferences: the Advanced Bioeconomy Leadership ABLC2022 Conference in Washington, DC, from March 16-18, 2022, and the Goldman Sachs Chemical Intensity Days Conference in Houston, TX, on March 21-22, 2022. Co-Founder and Co-CEO John Bissell will discuss renewable materials at the ABLC Conference on March 17 and both Co-CEOs will join a panel on bio-plastics in Houston on March 22. For more details, visit Origin's Investor Relations site.
Origin Materials, a leader in carbon negative materials, announced participation in three upcoming investor conferences in March 2022. Co-Founder and Co-CEO John Bissell will discuss 'New Sustainability Technologies' at the BofA Securities Global Agriculture & Materials Conference on March 2 at 4:30pm EST. Co-CEO Rich Riley will present at the Raymond James 43rd Annual Institutional Investors Conference on March 7 at 2:50pm EST. Both CEOs will speak at the HSBC Build with Bio Conference on March 9 at 10:30am EST.
Origin Materials, Inc. (Nasdaq: ORGN, ORGNW) has selected Geismar, Louisiana for its Origin 2 facility, contingent upon finalizing state and local incentives exceeding $100 million and a $400 million Private Activity Bond allocation. The company reports a total of $5.6 billion in contracted offtake agreements, up from $4.2 billion. Although maintaining strong demand, Origin reaffirms an adjusted EBITDA loss forecast for 2022 of $36 million. Operating expenses rose to $26.9 million in 2021, contrasting with a net income of $42.1 million, driven by previous funding rounds and partnerships.
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