Origin Materials Continues Commercial Qualification, Announces Production of Caps with New Features
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
New Product Features: Origin Materials has introduced PET caps with new features, including knurling for improved grip, produced using their proprietary CapFormer System in Germany. These caps are designed for compatibility with the PCO 1881 standard and will undergo commercial qualification.
Expansion Plans: The CapFormer System is set to be shipped to Reed City, Michigan, for installation, with further cap production expected to begin in early 2025. Origin is actively pursuing customer qualifications and has secured a term sheet for over $100 million in PET caps over two years.
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Analyst Views on ORGN
About ORGN
Origin Materials, Inc. is a technology company that enables the world’s transition to sustainable materials. The Company has developed multiple sustainable and performance-enhanced solutions for improving recycling and circularity, including its polyethylene terephthalate (PET) closures, as well as low-carbon material solutions for a wide variety of products and applications. Its furanics technologies include its furanics platform for transforming carbon into sustainable materials for a wide range of end products capable of addressing market opportunities, including food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments, and fuels. Its furanics technologies transform biomass, or plant-based carbon, into versatile intermediate chemicals. These intermediate chemicals include chloromethylfurfural and hydrothermal carbon, which it refers to as Furanic Intermediates, as well as oils and extractives and other co-products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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