The world leader in carbon negative materials recognized for its innovation in the development of bio-based products
Co-Founder and Co-CEO John Bissell to Speak at AFCC’s Global Bio-Based Economy Conference
WEST SACRAMENTO, Calif., October 6, 2022–(BUSINESS WIRE)–Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ: ORGN, ORGNW), the global leader in carbon negative materials whose mission is to enable the global transition to sustainable materials, today announced that it has won the Alternative Fuels & Chemicals Coalition’s (AFCC) 2022 Bio-Based Economy Global Performance Award for outstanding performance and achievement in the commercialization and scale of its patented technology platform.
The award recognizes Origin’s technology platform for transforming the carbon in sustainable wood residue into useful carbon negative materials for a wide range of end products, including apparel, textiles, plastics, packaging, auto parts, tires, carpets and toys.
Sponsored by the Industrial Biotechnology Journal, the official journal of the AFCC, the award is presented annually to recognize companies that advance science and contribute to the production and commercialization of industrial biotechnology products.
“We are honored to receive the 2022 Global Biobased Economy Performance Award for bringing sustainable innovation to the materials supply chain through our patented breakthrough platform technology for the production of recyclable and sustainable carbon negative materials over a range range of end products and markets,” said John Bissell, co-founder and co-CEO of Origin Materials. “Our team is working hard to scale this technology globally, including developing our first commercial and global scale manufacturing facilities. We are grateful for the recognition of our efforts by the AFCC, and we look forward to helping our customers make net zero possible and achieve their decarbonization goals.”
“Congratulations to Origin for its outstanding performance and accomplishments in advancing science and in transforming a petroleum-based economy into a bio-based economy,” said AFCC Executive Vice President Dr. Rina Singh, PhD. “Origin has advanced the bioeconomy by developing innovative carbon-negative, sustainable and environmentally friendly biomaterials and processes, making our planet a cleaner, safer place to live.”
Mr. Bissell will speak at the AFCC’s 2022 Global Bio-Based Economy Conference in person on Tuesday, November 8ein Washington, DC to receive the award and discuss the company’s carbon-negative technology platform.
About original materials
Based in West Sacramento, Origin Materials is the global leader in carbon negative materials. Origin’s mission is to enable the global transition to sustainable materials. For more than a decade, Origin has developed a platform to turn the carbon in inexpensive, abundant, non-food biomass, like 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 apparel, textiles, plastics, packaging, auto parts, tires, carpets, toys, etc., with an addressable market of approximately $1 trillion. Additionally, Origin’s technology platform is expected to provide stable pricing largely decoupled from the oil supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin’s patented core technology, economy and carbon impact are supported by a growing list of major global customers and investors.
For more information, visit www.originmaterials.com.
Caution Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are generally accompanied by words such as “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, ” should”, “should”, “plan”, “predict”, “potential”, “seem”, “seek”, “future”, “prospect” and similar expressions which predict or indicate future events or trends or which are not not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy and the estimated total addressable market. These statements are based on various assumptions, whether or not identified in this press release, and the current expectations of Origin Materials’ management and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to be relied upon and should not be relied upon as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many real 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 not be able to successfully commercialize its products; the effects of competition on Origin Materials’ business; disruptions and other impacts on Origin Materials’ business due to the COVID-19 pandemic and other global health or economic crises; and the 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 that Origin Materials has filed or will file with the SEC. If one of these risks materializes, or if 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 is not currently aware of, or that Origin Materials currently believes are not material, that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect Origin Materials’ expectations, plans or forecasts regarding future events and its 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 choose to update these forward-looking statements at some time in the future, Origin Materials expressly disclaims any obligation to do so. These forward-looking statements should not be construed as representing Origin Materials’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.
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