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In an Aug. 9 earnings release, Co-CEO Rich Riley said that, as Origin first indicated in May 2022, the firm "is facing a higher-cost capital project environment than in early 2021, when we announced the initial plan for Origin 2," which will be located in Geismar, La.
Carbon negative materials company Origin Materials announced June 27 that it had commenced the startup of Origin 1, the world’s first commercial CMF plant, located in Sarnia, Ontario.
Operator: Thank you for standing by. This is the conference operator. Welcome to the Origin Materials First Quarter 2023 Earnings Call. [Operator Instructions].