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Origin Materials
Country
US
Industry
Materials
Market Cap
Small Cap
Num. Employees
201
IPO Date
Jun 29, 2021
Country
US
Industry
Materials
Origin Materials, Inc. is a carbon negative materials company engaged in providing sustainable materials by replacing petroleum-based materials with decarbonized materials. The company is headquartered in West Sacramento, California and currently employs 201 full-time employees. The company went IPO on 2021-06-29. The company has developed a platform for turning the carbon found in non-food biomass into useful materials, while capturing carbon in the process. The company replaces petroleum-based materials with decarbonized materials in a range of end products, such as food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments and more. The company has developed a platform technology to convert biomass, or plant-based carbon, into the building block chemicals chloromethyl furfural (CMF) and hydrothermal carbon (HTC), which are referred as furanic intermediates, as well as other minor products. Its technology converts sustainable feedstocks, such as sustainably harvested wood residues, agricultural waste, wood waste, and even corrugated cardboard into materials and products that are made from fossil feedstocks, such as petroleum and natural gas. These sustainable feedstocks are not used in food production.
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"There are two primary advantages for producing these latest caps in Europe, before shipping the CapFormer System to its final home in Reed City," said Bissell.
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