Origin Materials Wins 2022 Alternative Fuels & Chemicals Coalition Global Biobased Economy Performance Award
October 06 2022 - 8:20AM
Business Wire
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
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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