Mitsui signed a multi-year capacity reservation agreement to purchase sustainable carbon-negative materials from Origin Materials
WEST SACRAMENTO, California & TOKYO, January 10, 2022– (COMMERCIAL THREAD) –Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ: ORGN, ORGNW), the global leader in carbon-negative materials with a mission to enable the global transition to sustainable materials, and Mitsui & Co., Ltd. (“Mitsui”), a global leader in energy, machinery and chemicals, food, textiles, logistics, finance, and more, today announced a strategic partnership to industrialize materials for carbon negative tip.
This strategic partnership aims to rapidly develop and industrialize new sustainable products with negative carbon emissions for the automotive, chemical, electronics, packaging, textiles, construction and care sectors. personnel based on Origin Materials’ patented technology platform. The partnership will leverage the strength of Mitsui’s global supply chain, access to Japanese and international markets, and leadership in business innovation. As part of this partnership, Mitsui signed a multi-year capacity reservation agreement to purchase sustainable carbon-negative materials from Origin Materials.
“We are delighted to partner with Mitsui, a global leader in many business areas including chemicals, textiles and many more. We are strategically aligned and share a common vision of the role that sustainable, competitive and low carbon materials can play. play in creating value around the world, ”said Rich Riley, Co-CEO of Origin Materials. “This partnership reflects our shared commitment to stimulate sustainable growth, while reducing greenhouse gas emissions. Additionally, the partnership represents further advancement in Origin’s mission to enable the global transition to sustainable materials.
About the original materials
Based in West Sacramento, Origin Materials is the world leader in carbon negative impact materials. Origin’s mission is to enable the world to transition to sustainable materials. For more than a decade, Origin has developed a platform to transform the carbon present in abundant and inexpensive non-food biomass, such as sustainable wood residue, 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, auto parts, tires, carpets, toys, etc. with an addressable market of around $ 1,000 billion. In addition, Origin’s technology platform is expected to deliver stable prices largely decoupled from the oil supply chain, which is subject to more volatility than supply chains based on sustainable wood residue. Origin’s patented core technology, economy and carbon impact are supported by a growing list of major global clients and investors.
For more information visit www.originmaterials.com.
About Mitsui & Co, Ltd.
Mitsui & Co., Ltd. (8031: JP) is a global trading and investment company with a diversified business portfolio that covers approximately 63 countries in Asia, Europe, North, Central and South America, Middle East, Africa and in Oceania. Mitsui has more than 5,600 employees and deploys talent around the world to identify, develop and grow businesses in conjunction with a global network of trusted partners. Mitsui has built a strong and diversified core business portfolio spanning the mineral and metallic resources, energy, machinery and infrastructure, and chemicals sectors. Leveraging its strengths, Mitsui has further diversified beyond its core profit pillars to create multi-faceted value in new areas, including innovative energy solutions, healthcare and nutrition, and into strategically focusing on high growth Asian markets. This strategy aims to generate growth opportunities by harnessing some of the world’s major megatrends: sustainability, health and wellness, digitalization and growing consumer power.
For more information on Mitsui & Co’s activities, visit www.mitsui.com.
Caution regarding forward-looking statements
This press release contains certain forward-looking statements within the meaning of federal securities laws. Forward-looking statements are usually accompanied by words such as “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “should” “,” Should, “” plan “,” predict “,” potential “,” appear “,” seek “,” future “,” outlook “, and similar phrases which predict or indicate future events or trends or which These forward-looking statements include, without limitation, statements regarding Origin Materials’ business strategy, estimated total addressable market, business and operational plans and product development plans. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Original Materials management and are not predictions of actual performance. These forward-looking statements are provided for reference only. indicative only and are not intended to serve as, and should not be relied upon, any guarantee, assurance, prediction or 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 the fact that Origin Materials may not be able to successfully market its products; the effects of competition on the activities of Origin Materials; disruptions and other impacts on Origin Materials’ business due to the COVID-19 pandemic and other global health or economic crises; changes in customer demand; and the factors discussed in the Quarterly Report on Form 10-Q filed with the SEC on November 12, 2021 under “Risk Factors” and other documents that Origin Materials has filed or will file with the SEC. If any of these risks materialize or if our assumptions prove to be incorrect, actual results could differ materially from the results suggested by these forward-looking statements. There may be additional risks that Origin Materials is not currently aware of, or that Origin Materials currently considers to be immaterial, which could also cause actual results to differ from those contained in 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 valuations to change. However, although Origin Materials may choose to update these forward-looking statements at some time in the future, Origin Materials expressly disclaims any obligation to do so. These forward-looking statements should not be taken as representing the assessments of Origin Materials as of a date subsequent to the date of this press release. Therefore, one should not place undue reliance on forward-looking statements.
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