Recyclable PET polymer incorporating FDCA
successfully processed into preforms using Husky’s commercial-scale
injection molding equipment and subsequently bottles
Novel hybrid polymer “PET/F” expected to
deliver enhanced performance compared with traditional PET plastic
and have up to 100% bio content
Origin Materials, Inc. (“Origin” and “Origin Materials”)
(NASDAQ: ORGN, ORGNW), a leading carbon negative materials company
with a mission to enable the world’s transition to sustainable
materials, and Husky Technologies (“Husky”), a pioneering
technology provider enabling the delivery of essential needs to the
global community, announced a milestone in the commercialization of
PET (polyethylene terephthalate) incorporating the sustainable
chemical FDCA (furandicarboxylic acid) for advanced packaging and
other applications.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230731962598/en/
Advanced co-polyester made by Origin
Materials and Husky Technologies using PET/F. Resin, mold, and
bottle shown. (Photo: Business Wire)
Origin successfully polymerized the bio-based sustainable
chemical FDCA into the common recyclable plastic, PET, and Husky
molded the resulting “PET/F” hybrid polymer into preforms that were
then blown into bottles. The companies used Husky’s injection
molding technologies and manufacturing equipment, a commercial
manufacturing-scale level of processing demonstrating the ability
of PET/F, a polymer made with FDCA, to be integrated into existing
PET production systems.
Origin expects to develop and sell a family of 100% bio-based,
low-carbon PET/F polymers offering full recyclability and superior
performance compared with traditional 100% petroleum-derived PET.
Origin anticipates that PET/F will offer “tunable” performance,
with properties like enhanced mechanical performance and superior
barrier properties enabling longer shelf life controlled by
adjusting manufacturing conditions and the quantity of FDCA
copolymer.
This innovation demonstrates a pathway for the drop-in market
adoption of FDCA to produce superior polymers cost-effectively from
biomass using Origin technology. Origin expects to enable the
production of FDCA, PEF (polyethylene furanoate), and PET/F at
commercial scale using its patented technology platform, which
turns the carbon found in sustainable wood residues into useful
materials, while capturing carbon in the process.
“This is a key moment in the commercialization of
cost-effective, low-carbon FDCA and PEF and the development of
next-generation sustainable polymers generally. We believe these
materials have the power to transform plastics and the material
economy,” said John Bissell, Co-Founder and Co-CEO of Origin
Materials. “We are pleased to work with Husky, a trusted leader in
injection molding technologies and polymer processing development,
to achieve this performance milestone, showing the ready
processibility of our innovative hybrid polymers using Husky’s
commercial-scale injection molding equipment. This is a major
milestone in our effort to help transition the world to sustainable
materials.”
“Driving sustainability through innovation is at the core of how
Husky has been leading the way in enabling the circular economy of
plastics,” said John Galt, CEO of Husky Technologies. “Preserving
and protecting what matters, in even more sustainable ways is
foundational to everything we do at Husky. Our collaboration with
Origin Materials is an exciting example of combining material
innovation with state-of-the-art polymer processing
technologies.”
FDCA is a chemical building block with diverse applications
including polyesters, polyamides, polyurethanes, coating resins,
and plasticizers. FDCA is also the precursor for the
next-generation sustainable polymer PEF (polyethylene furanoate).
By combining FDCA with PET, Origin has produced PET/F, a “tunable”
hybrid polymer offering performance enhancements and full
recyclability.
PEF, another product derived from FDCA, offers an attractive
combination of sustainability and performance benefits for
packaging. Origin’s PEF is expected to be 100% bio-based, fully
recyclable, have attractive unit economics, and offer a
significantly reduced carbon footprint, with superior strength,
thermal properties, and barrier properties compared to today’s
widely used petroleum-based materials.
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the
world's leading carbon negative materials company. Origin’s mission
is to enable the world’s transition to sustainable materials. For
over a decade, Origin has developed a platform for turning the
carbon found in inexpensive, plentiful, non-food biomass such as
sustainable wood residues 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, car parts,
tires, carpeting, toys, fuels, and more with a ~$1 trillion
addressable market. In addition, Origin’s technology platform is
expected to provide stable pricing largely decoupled from the
petroleum supply chain, which is exposed to more volatility than
supply chains based on sustainable wood residues. Origin’s patented
drop-in core technology, economics and carbon impact are supported
by a growing list of major global customers and investors.
For more information, visit www.originmaterials.com.
About Husky Technologies
Since 1953, Husky Technologies™ has been pioneering technologies
that enable the delivery of essential needs to the global community
with industry-leading expertise and service. A global leader, Husky
is powered by teams of exceptional people in more than 40 locations
with valued customers who operate in over 140 countries. By
focusing on sustainably sourced feedstocks, material reuse and the
exclusive use of medical-grade polymers, Husky continues to be
committed to enabling the circular economy now and into the
future.
For more information, visit www.husky.co.
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 the
bio-content, recyclability, unit economics, carbon footprint,
strength, and thermal and barrier properties of the products
discussed in this press release. 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 outbreaks such as the COVID-19
pandemic, Russia’s military intervention in Ukraine, the impact of
severe weather events, and other global health or economic crises;
changes in customer demand; and those factors discussed in the
Quarterly Report on Form 10-Q filed with the U.S. Securities and
Exchange Commission on May 10, 2023, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230731962598/en/
Origin Materials Investors: ir@originmaterials.com Media:
media@originmaterials.com
Husky Technologies Media: media@husky.ca
Origin Materials (NASDAQ:ORGNW)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Origin Materials (NASDAQ:ORGNW)
Historical Stock Chart
Von Jun 2023 bis Jun 2024