Origin Materials Inc Stock Price, News & Analysis

Origin Materials, a carbon negative materials company, announced participation in two upcoming investor conferences. Co-CEO Rich Riley will speak at the Bernstein ESG Conference in New York on September 13, 2022. Co-Founder John Bissell will meet with investors at the Credit Suisse Carbon Negative Conference in San Diego from September 14-16, 2022. Origin aims to transform biomass into sustainable materials, with a $1 trillion addressable market. For more details, visit Origin's Investor Relations.

Origin Materials reported strong demand for its carbon-negative materials, increasing contracted offtake agreements and capacity reservations to $8.1 billion, up from $7.4 billion in May 2022. The company maintains its 2022 Adjusted EBITDA outlook for a loss of up to $36 million and capital expenditure estimate of up to $175 million. Origin 1 construction remains on track with a budget of $125 million to $130 million, while Origin 2 financing is fully funded with anticipated state incentives exceeding $100 million. The company continues to expand partnerships within diverse markets, including beauty and automotive.

Origin Materials (NASDAQ: ORGN, ORGNW) has partnered with ATC Plastics to supply sustainable carbon-negative carbon black for plastic manufacturing. This partnership aims to enhance various plastic applications, including plastic masterbatch and extrusion processes, leveraging Origin's patented technology that uses sustainable wood residues. The carbon black market is projected to reach $26 billion by 2025, with plastics expected to be a major growth area. The collaboration is timely, addressing the industry's tight supply of carbon black.

Origin Materials, a leading carbon negative materials company, announced its participation in two upcoming virtual investor conferences. The events include the 11th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference on August 5 and 8, 2022, and the BofA Securities 2022 SMID Cap Ideas Conference on August 9-10, 2022. Co-Founder and Co-CEO John Bissell will engage with institutional investors at both events, highlighting the company’s focus on sustainable materials and its innovative technology platform which targets a ~$1 trillion addressable market.

Origin Materials has partnered with Intertex World Resources through a strategic offtake agreement to supply sustainable carbon-negative carbon black for mechanical rubber goods like tires and hoses. This agreement allows Origin to produce 100% bio-content carbon black, derived from sustainable wood residues, thus significantly reducing carbon emissions compared to traditional petroleum-based products. The partnership aims to cater to markets requiring higher performance carbon blacks, enhancing sustainability in the automotive supply chain.

Origin Materials (Nasdaq: ORGN, ORGNW) will report its second quarter 2022 results on August 3, 2022, after market close. This will be followed by a live conference call at 5:00 p.m. Eastern Time. Investors can access the call via the company’s Investor Relations website or by phone. A replay will be available until August 17, 2022. The company encourages shareholders to submit questions via email, using the hashtag #askorigin.