Origin’s sustainable PET caps and closures
enhance recycling circularity, enable "mono-material” containers,
lighter packaging, and improved product shelf life
Origin Materials (“Origin”) (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 initial product offering from its all-PET caps and closures
manufacturing breakthrough. The initial product is the world’s
lightest CSD (carbonated soft drink) cap compatible with the PCO
1881 neck finish, the first of its kind ever to be commercially
produced with 100% PET and able to be produced with either virgin
or recycled PET (rPET).
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the full release here:
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Origin CSD 1881 PET caps running on a
commercial bottling line (Photo: Business Wire)
“There are hundreds of different kinds of caps and closures in
container packaging. But the PCO 1881 neck finish is considered a
leading standard for carbonated soft drinks and is often used for
other products such as juices or even still or sparkling water,”
said John Bissell, Origin Co-Founder and Co-CEO. “Because of the
ubiquity of bottles using the PCO 1881 finish, it’s an area where
our 100% PET cap can make a tremendous difference by improving
recycling circularity and product performance in a massive
market.”
Bissell added: “Our innovation in the design and manufacturing
of PET closures, including closures made with recycled PET, has
enabled us to pursue solutions previously thought to be impossible,
and an 1881 compatible CSD PET cap is certainly one of them. Now
that we have unlocked the use of PET and rPET for use in food,
beverage, and home goods closures, we can bring the benefits to a
range of products – benefits like improving recycling, extending
product shelf life, using less plastic through light-weighting,
decreasing manufacturing waste during the bottling process, and
expanding the use of recycled material.”
Origin’s 1881 closure offers a superior-performance lightweight
design. Since PET (polyethylene terephthalate) offers improved
mechanical properties compared with common cap materials like HDPE
(high-density polyethylene) and PP (polypropylene), less plastic is
needed to achieve better performance with Origin’s design. Origin’s
design includes tamper evidence with a particularly satisfying user
experience, from its feel to the sound it makes when opened.
“Our caps and closures platform enables mono material solutions
– just one material, PET, the most recycled plastic – from cap to
bottom for a wide range of product types,” continued Bissell.
“Until now, PET was ubiquitous in packaging, except for the caps
and closures. We are changing that, by enabling the production of
closures with any kind of PET material, whether it’s virgin PET,
recycled PET, or bio-based PET.”
“We look forward to showing our PET caps alongside our partners
in their booths this week at the NPE2024 conference in Orlando,
Florida,” noted Bissell, who will be speaking at the conference on
Tuesday.
Origin’s first-of-its-kind, high-throughput production system
will make the world’s first PET caps and closures at commercial
scale, available beginning in Q4 2024. The solution is a
transformative leap forward in packaging, improving recyclability,
enabling light-weighting, and extending product shelf-life while
addressing a greater than $65 billion market. In conjunction with
world-class partners, we are solving the most difficult
sustainability challenges, in alignment with our core mission to
help transition the world to sustainable materials.
To learn more about Origin’s PET caps and closures, visit our
website or contact commercialorder@originmaterials.com.
About Origin Materials Origin is the world's leading
carbon negative materials company with a mission to enable the
world’s transition to sustainable materials. Our innovative
technologies include all-PET caps and closures that bring recycling
circularity and enhanced performance to a ~$65 billion market,
specialty materials, and our patented biomass conversion platform
that transforms carbon into sustainable materials for a wide range
of end products addressing a ~$1 trillion market. Origin’s
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, range of products on which Origin Materials’ caps and
closures solution may be use, anticipated performance and recycling
circularity improvements and ability to derive them across various
products, user satisfaction from tamper evidence, 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;
the uncertainty of the projected financial information with respect
to Origin; disruptions and other impacts to Origin’s business as a
result of military conflict, severe weather events, and other
global health or economic crises; changes in customer demand; and
those factors discussed in the Annual Report on Form 10-K filed
with the U.S. Securities and Exchange Commission on March 5, 2024
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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