#ORIGIN MATERIALS FULL#
The Company expects to provide guidance on revenue, EBITDA, and other financial metrics for full year 2023 on its next earnings call. Origin 1 is expected to start to address growing customer demand for the Company’s renewable materials and allow customers to qualify products and applications beyond PET. Work at the plant continues following this key achievement, with plant commissioning to support start-up anticipated to be complete around the end of Q1 2023 and start-up beginning shortly thereafter. As we look ahead, we are excited to start up the plant, begin commercial production, deliver product to our customers, and take the next step in our journey to decarbonize the world’s materials." I’d also like to express our gratitude to BioIndustrial Innovation Canada, the Sarnia-Lambton community, Sarnia's mayor, Mike Bradley, the Honorable Bob Bailey, the Honorable Marilyn Gladu, along with support from Innovation, Science and Economic Development Canada ("ISED"), for their partnership and support. What we’ve been able to accomplish to date, despite the pandemic and related supply-chain headwinds, demonstrates the capability, efficiency, and efficacy of our project team. "I’m proud of how our team has executed as we draw closer to commercial production to meet over $9 billion in total customer demand for our carbon-negative materials. "The mechanical completion of Origin 1, our first commercial plant, is an important milestone in our mission to enable the world’s transition to sustainable materials," said John Bissell, Co-Founder and Co-CEO of Origin Materials. Work onsite will continue, including electrical work, adding new equipment, and further refining technology. ("Origin," "Origin Materials," or the "Company") (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 the mechanical completion of Origin 1, the Company’s first commercial manufacturing plant, in-line with the previously disclosed timeline.Īs part of mechanical completion, the plant's critical mechanical systems have been successfully installed and commissioning has begun. WEST SACRAMENTO, Calif., January 27, 2023-( BUSINESS WIRE)- Origin Materials, Inc. Origin’s first commercial plant anticipated to complete commissioning to support start-up around the end of Q1 2023 with start-up beginning shortly thereafter
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