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.
– Origin 1 On Track for Mechanical Completion by Year-End 2022, Capital Budget Unchanged– Origin 2 Construction Timeline, Budget, and Financing Unchanged –– Customer Demand is Strong and Broad Based, Increased Contracted Offtake Agreements and Capacity Reservations to $9.0 Billion –– Maintains 2022 Adjusted EBITDA a.
Origin Materials signed an offtake agreement with Intertex World Resources and a new partnership with ATC Plastics. Both deals are designed to expand the company's reach in the rubber and plastics industries.
– Origin 1 On Track for Mechanical Completion by Year-End 2022, Capital Budget Unchanged
– Origin 2 Construction Timeline, Budget, and Financing Unchanged –
– Customer. | November 3, 2022