World’s leading carbon negative materials company recognized for innovation in developing biobased products
Co-Founder & Co-CEO John Bissell to address AFCC Global Biobased Economy Conference
WEST SACRAMENTO, Calif.–(BUSINESS WIRE)–Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, today announced it has won the 2022 Alternative Fuels & Chemicals Coalition (AFCC) Global Biobased Economy Performance Award for its outstanding performance and achievements in the commercialization and scale-up of its patented technology platform.
The award recognizes Origin’s platform technology for turning the carbon found in sustainable wood residues into useful carbon-negative materials for a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, and toys.
Sponsored by the Industrial Biotechnology Journal, the official journal of AFCC, the award is given annually to recognize companies that are advancing science and contributing to the production and commercialization of industrial biotechnology products.
“We are honored to receive the 2022 Global Biobased Economy Performance Award for delivering sustainable innovation to the materials supply chain with our patented, breakthrough platform technology for producing recyclable and sustainable carbon-negative materials across a diverse range of end products and markets,” said Origin Materials Co-Founder and Co-CEO John Bissell. “Our team is hard at work scaling this technology globally, including developing our first commercial-scale and world-scale manufacturing facilities. We are grateful for AFCC’s recognition of our efforts, and we look forward to helping our customers make ‘net zero’ possible and achieve their decarbonization goals.”
“Congratulations to Origin for their stellar performance and achievements in advancing science and in enabling a transformation from a petroleum-based economy to a biobased economy,” said AFCC Executive Vice President, Dr. Rina Singh, PhD. “Origin has advanced the biobased economy by developing innovative carbon-negative biomaterials and processes that are sustainable and environmentally friendly, making our planet a cleaner and safer place to live in.”
Mr. Bissell will speak at the 2022 AFCC Global Biobased Economy Conference in-person on Tuesday, November 8th, in Washington, D.C. to receive the award and discuss the company’s carbon-negative technology platform.
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the world’s leading carbon negative materials company. Origin’s mission is to enable the world’s transition to sustainable materials. For over a decade, Origin has developed a platform for turning the carbon found in inexpensive, plentiful, non-food biomass such as sustainable wood residues into useful materials while capturing carbon in the process. Origin’s patented technology platform can help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a ~$1 trillion addressable market. In addition, Origin’s technology platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin’s patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors.
For more information, visit www.originmaterials.com.
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 and estimated total addressable market. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Origin Materials and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Origin Materials. These forward-looking statements are subject to a number of risks and uncertainties, including that Origin Materials may be unable to successfully commercialize its products; the effects of competition on Origin Materials’ business; disruptions and other impacts to Origin Materials’ business as a result of the COVID-19 pandemic and other global health or economic crises; and those factors discussed in the Quarterly Report on Form 10-Q filed with the SEC on August 3, 2022 under the heading “Risk Factors,” and other documents Origin Materials has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Origin Materials presently does not know, or that Origin Materials currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Origin Materials’ expectations, plans, or forecasts of future events and views as of the date of this press release. Origin Materials anticipates that subsequent events and developments will cause its assessments to change. However, while Origin Materials may elect to update these forward-looking statements at some point in the future, Origin Materials specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Origin Materials’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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