Origin Materials Inc. is a sustainable materials company that focuses on developing and commercializing advanced materials made from renewable resources. The company was founded in 2008 by John Bissell and Richard Riley and is headquartered in West Sacramento, California.
Origin Materials aims to replace traditional, petroleum-based plastics and chemicals with sustainable alternatives derived from biomass feedstocks. The company utilizes its proprietary technology platform to convert biomass into chemical intermediates, which can be used to manufacture a wide range of sustainable products. Their process enables the production of cost-effective, carbon-negative materials that have a significantly reduced environmental impact compared to traditional petrochemical-based materials.
The company's goal is to create a carbon-negative impact by removing more carbon dioxide from the atmosphere than it emits during its manufacturing process. This approach aligns with the growing demand for environmentally friendly alternatives and contributes to the global efforts to combat climate change.
Origin Materials' product is a bio-based PET (polyethylene terephthalate), a sustainable alternative to conventional PET plastic derived from fossil fuels. Bio-based PET is made from renewable feedstocks, such as wood, agricultural residues, or industrial waste, instead of non-renewable petroleum sources. It offers similar performance characteristics to traditional PET, making it suitable for various applications, including packaging, textiles, and automotive components.
As a publicly traded company, Origin Materials is listed on the Nasdaq Stock Exchange under the ticker symbol "ORGN." The company has attracted significant attention from investors and strategic partners due to its innovative approach to sustainable materials and its potential to disrupt the plastics industry. It has formed partnerships with major companies, including Nestlé and Danone, to develop bio-based packaging solutions.